First-Floor Office Condo with
6400 Monroe Street Sylvania, OH 43560
6400 Monroe Street, Sylvania, OH, 43560
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For Sale
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First-floor suburban office condo includes a private west-side courtyard, lobby signage, and shared bathroom access.
Property Size1,460 SF
Price / SF$273.97
Days on Market50
Property Features for 6400 Monroe Street
General Information
- Standard status
- Active
- Size
- 1,460 SF
- Property subtype
- Office
Listing agency
Reichle | Klein Group
Listed by
Marty Gallagher, SIOR · License #OH 0000334781
Source
Crexi
Added: Jun 4 Updated: Jul 23 at 3:24AM Checked: Jul 23 at 3:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reichle | Klein Group
Investment Insights
Based on property information with market context.
This first-floor suburban office condo is well suited for a range of small professional, medical, and business service users. The unit includes a private courtyard located on the west side of the suite, along with lobby signage for visibility from the shared entry. Shared bathrooms are available within the vaulted shared entry area.
The property is located at 6400 Monroe Street in Sylvania, Ohio. Access is provided through the shared, vaulted entry and lobby area serving the office condos.
The space is configured as an individual office condo with courtyard space and interior access tied to the building’s shared lobby and bathroom facilities.
The property is located at 6400 Monroe Street in Sylvania, Ohio. Access is provided through the shared, vaulted entry and lobby area serving the office condos.
The space is configured as an individual office condo with courtyard space and interior access tied to the building’s shared lobby and bathroom facilities.
Key Highlights
- First‑floor suburban office condo
- Private west‑side courtyard included with the unit
- Lobby signage provided
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.3k | $13.20 |
| − Vacancy | −$3.2k | −$2.17 |
| EGI | $16.1k | $11.03 |
| − OpEx | −$4.0k | −$2.76 |
| NOI | $12.1k | $8.27 |
1,460 SF · lease $13.20/SF/yr · vacancy 16.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$172.5K
$150.9K – $201.2K
NOI $12,073 @ 7.0% cap · market cap 3.02%
Second Best
Healthcare Medical
$171.7K
$150.3K – $200.4K
NOI $12,021 @ 7.0% cap · market cap 3.01%
Theoretical Best
Specialty Retail
$267.2K
$233.8K – $311.8K
NOI $18,705 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shake-UP
Physician
Ridis
Gas Station
Audrey E. Ellenwood, ...
Physician
Assessment & Family Therapy
Physician
Sherry A. Simon, PsyD
Physician
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FAQs
What type of property is this?
Office units - First-floor suburban office condo includes a private west-side courtyard, lobby signage, and shared bathroom access.
Where is this office units located?
The property is located at 6400 Monroe Street Sylvania, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: First‑floor suburban office condo; Private west‑side courtyard included with the unit; Lobby signage provided
