Office Space in Prime
For Sale
$925,000
6711 Monroe St Unit 3, Toledo, OH 43560
Sleek office space ideal for startups or established companies.
Property Size8,784 SF
Price / SF$105.31
Days on Market311
Property Features for 6711 Monroe St Unit 3
General Information
Standard status
Active
Size
8,784 SF
Property subtype
Office
Zoning
C-3
Building Details
Building Size
8,784 SF
Year Built
1995
Listing Agency:
Coldwell Banker Haynes R.E. in Monroe
Listed By:
Cole McNew · License #6501447424
(734) 624-4923
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Sep 14
Last Checked: Oct 9 at 4:14PM
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 Coldwell Banker Haynes R.E. in Monroe
Investment Insights
Based on property information with market context.
This office space, situated on 0.81 acres, features an open floor plan suitable for fostering productivity and growth. The property encompasses 8,784 square feet and is located in a commercial hub. It is suitable for startups or established companies seeking a presence in the city. This property is also ideal for investors looking to maximize their portfolio growth.
Key Highlights
- Prime location in the city's commercial hub.
- Open floor plan conducive to productivity.
- Ideal for both startups and established companies.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,945
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,598,900
$1.6M
Cap Rate 7%
$1,142,071
$1.1M
Cap Rate 9%
$888,278
$888.3K
Market Conditions
NOI Build-Up for 8,784 SF
Gross rent
$131.8K $15.00/SF
− Vacancy
−$25.2K −$2.87/SF
EGI
$106.6K $12.14/SF
− OpEx
−$26.6K −$3.03/SF
NOI
$79.9K $9.10/SF
Area
Toledo, OH
Vacancy
19.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,598,900
Cap Rate 7%
$1,142,071
Cap Rate 9%
$888,278
Alternative Uses
Best Use
Office B
$1.14M
$999.3K – $1.33M
NOI $79,945 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,330 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 43560, OH
34,204
Population
13,107
Households
2.6
Avg Household Size
42
Median Age
53%
College-Educated
98%
High-School Grad
21.2 sq mi
ZIP Area
1,613
Density / Sq Mi
$104,865
Median Household Income
$59,940
Median Earnings
$1,102
Median Rent
$262,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Sleek office space ideal for startups or established companies.
Where is this office units located?
The property is located at 6711 Monroe St Unit 3 Toledo, OH.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Prime location in the city's commercial hub.; Open floor plan conducive to productivity.; Ideal for both startups and established companies.
