Two-Story Office
444-446 Cherry Street, Findlay, OH 45840
For Sale
New
$259,000
Commercial Sale, Findlay, OH
Property Size1,364 SF
Price / SF$189.88
Days on Market5
Property Features for 444-446 Cherry Street
General Information
Property type
Property subtype
Zoning
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking features
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
restroom
reception area/lobby
kitchenette
parking lot
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Ron Spencer Real Estate
(419) 228-8899
Listed By:
Josh Parker
(419) 905-8608
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 7 at 9:06AM
MLS# 312117
Copyright © 2026 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,364-square-foot office building at 444-446 Cherry Street in Findlay has two stories. The main floor contains two offices and a reception and lobby area; one office is leased and the other is vacant. The offices share a restroom, kitchenette and parking lot. A 448-square-foot second floor is used for storage.
Improvements made within the past 5 years include patched and seal-coated parking, new office paint and carpet, replacement windows with a Lifetime Warranty, a new electrical panel and service, and conversion of the lighting to LED. The building also has central air, forced-air natural gas heat, public water and public sewer.
Improvements made within the past 5 years include patched and seal-coated parking, new office paint and carpet, replacement windows with a Lifetime Warranty, a new electrical panel and service, and conversion of the lighting to LED. The building also has central air, forced-air natural gas heat, public water and public sewer.
Key Highlights
- 1,364‑square‑foot, two‑story office building
- Two main‑floor offices; one leased and one vacant
- 448‑square‑foot second floor used for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,062
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,240
$261.2K
Cap Rate 7%
$186,600
$186.6K
Cap Rate 9%
$145,133
$145.1K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$21.8K $15.96/SF
− Vacancy
−$4.4K −$3.19/SF
EGI
$17.4K $12.77/SF
− OpEx
−$4.4K −$3.19/SF
NOI
$13.1K $9.58/SF
Area
Hancock County, OH
Vacancy
20.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,240
Cap Rate 7%
$186,600
Cap Rate 9%
$145,133
Alternative Uses
Best Use
Office B
$186.6K
$163.3K – $217.7K
NOI $13,062 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$380.5K
$332.9K – $443.9K
NOI $26,632 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
Demographics for 45840, OH
54,901
Population
25,396
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
166.5 sq mi
ZIP Area
330
Density / Sq Mi
$64,076
Median Household Income
$42,546
Median Earnings
$934
Median Rent
$203,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - One main-floor office is leased, while the other is vacant; both share a reception area, kitchenette, restroom and parking lot.
Where is this office building located?
The property is located at 444-446 Cherry Street Findlay, OH.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 1,364‑square‑foot, two‑story office building; Two main‑floor offices; one leased and one vacant; 448‑square‑foot second floor used for storage
