Contemporary Office
For Sale
$2,625,805
7349 Crossleigh Ct, Toledo, OH 43617
Modern office property with 20-C4 zoning and a contemporary design suited to professional commercial operations.
Property Size18,109 SF
Price / SF$145
Days on Market194
Property Features for 7349 Crossleigh Ct
General Information
Standard status
Active
Size
18,109 SF
Class
A
Property subtype
Single Tenant Office
Zoning
20-C4
Building Details
Building Size
18,109 SF
Year Built
2010
Properties For Sale
at 7349 Crossleigh Ct Contact us- Size
- 18,109 SF
- Lease Type
- NNN
Former Bostwick Braun Office
Listing Agency:
NAI Harmon Group
(419) 704-4724
Listed By:
Becky Beck · License #SAL.2023004979
(419) 704-4724
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 2:53PM
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 NAI Harmon Group
Investment Insights
Based on property information with market context.
This office building provides 18,109 square feet of space within a contemporary property completed in 2010. Its design and infrastructure support a professional commercial setting, with room for office-based operations and related business functions.
The property is located at 7349 Crossleigh Ct in Toledo, Ohio, within the 43617 ZIP code. The site carries 20-C4 zoning, offering a defined commercial land-use framework for evaluating the property.
The property is located at 7349 Crossleigh Ct in Toledo, Ohio, within the 43617 ZIP code. The site carries 20-C4 zoning, offering a defined commercial land-use framework for evaluating the property.
Key Highlights
- 18,109 SF office building
- Built in 2010
- 20‑C4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$164,815
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,296,300
$3.3M
Cap Rate 7%
$2,354,500
$2.4M
Cap Rate 9%
$1,831,278
$1.8M
Market Conditions
NOI Build-Up for 18,109 SF
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.
Gross rent
$271.6K $15.00/SF
− Vacancy
−$51.9K −$2.87/SF
EGI
$219.8K $12.14/SF
− OpEx
−$54.9K −$3.03/SF
NOI
$164.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,296,300
Cap Rate 7%
$2,354,500
Cap Rate 9%
$1,831,278
Alternative Uses
Best Use
Office B
$2.35M
$2.06M – $2.75M
NOI $164,815 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.64M – $3.52M
NOI $210,963 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 43617, OH
7,659
Population
3,248
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
1,473
Density / Sq Mi
$131,935
Median Household Income
$61,927
Median Earnings
$1,145
Median Rent
$271,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Modern office property with 20-C4 zoning and a contemporary design suited to professional commercial operations.
Where is this office building located?
The property is located at 7349 Crossleigh Ct Toledo, OH.
What is the asking price?
The asking price for this property is $2,625,805.
What are key features of this property?
This property features: 18,109 SF office building; Built in 2010; 20‑C4 zoning
