Converted General Office
6715 Maplewood Ave Sylvania, OH 43560
6715 Maplewood Ave, Sylvania, OH, 43560
$500,000
For Sale
$500,000
Former residence converted to a general office building producing $36,000 in annual rental income.
Property Size2,309 SF
Price / SF$216.54
Days on Market118
Property Features for 6715 Maplewood Ave
General Information
- Standard status
- Active
- Size
- 2,309 SF
- Property subtype
- Office
Building Details
- Year Built
- 1910
Listing agency
Signature Associates - Toledo
(419) 367-4331
Listed by
Zachary Liber
(419) 367-4331
Source
Cpix.resimplifi
Added: Mar 26 Updated: Jul 21 at 4:26AM Checked: Jul 21 at 4:26AM
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 Signature Associates - Toledo
Investment Insights
Based on property information with market context.
This property is a former 4-bedroom residence converted into a general office building. It generates $36,000 in annual rental income.
The building is located as one of 8 blocks on the south side of Maplewood. The Sylvania City Parking Lot is next door, with the Sylvania City Police Station, City Hall, and the Court House adjacent to the property.
The current improvements support general office use following the residential conversion.
The building is located as one of 8 blocks on the south side of Maplewood. The Sylvania City Parking Lot is next door, with the Sylvania City Police Station, City Hall, and the Court House adjacent to the property.
The current improvements support general office use following the residential conversion.
Key Highlights
- $36,000 annual rental income
- 1910 building converted from a former 4‑bedroom residence into a general office building
- 1 of 8 blocks on the south side of Maplewood not owned by the City of Sylvania
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 | $30.5k | $13.20 |
| − Vacancy | −$5.0k | −$2.17 |
| EGI | $25.5k | $11.03 |
| − OpEx | −$6.4k | −$2.76 |
| NOI | $19.1k | $8.27 |
2,309 SF · lease $13.20/SF/yr · vacancy 16.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$272.8K
$238.7K – $318.2K
NOI $19,094 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$422.6K
$369.8K – $493.0K
NOI $29,582 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Jakes Group
Advertising Agency
Melan M Forcht ...
Law Firm
Natural Resources Management, ...
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Former residence converted to a general office building producing $36,000 in annual rental income.
Where is this office building located?
The property is located at 6715 Maplewood Ave Sylvania, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: $36,000 annual rental income; 1910 building converted from a former 4‑bedroom residence into a general office building; 1 of 8 blocks on the south side of Maplewood not owned by the City of Sylvania
