Converted General Office
For Sale
$500,000
6715 Maplewood Ave, Sylvania, OH 43560
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 Market209
Property Features for 6715 Maplewood Ave
General Information
Standard status
Active
Size
2,309 SF
Property subtype
Office
Zoning
P-R-O
Building Details
Building Size
2,309 SF
Year Built
1910
Stories
2
Listing Agency:
Signature Associates - Toledo
Listed By:
Zachary Liber
(419) 367-4331
Source:
Cpix.resimplifi
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 19 at 3:20AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,094
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,880
$381.9K
Cap Rate 7%
$272,771
$272.8K
Cap Rate 9%
$212,156
$212.2K
Market Conditions
NOI Build-Up for 2,309 SF
Gross rent
$30.5K $13.20/SF
− Vacancy
−$5.0K −$2.17/SF
EGI
$25.5K $11.03/SF
− OpEx
−$6.4K −$2.76/SF
NOI
$19.1K $8.27/SF
Area
Lucas County, OH
Vacancy
16.47%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,880
Cap Rate 7%
$272,771
Cap Rate 9%
$212,156
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
550
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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
