Office Building with Perimeter
7540 New West Rd Toledo, OH 43617
For Sale
Contact for pricing
Office building offering 17 perimeter offices plus two bullpen areas for flexible workspace configurations.
Property Size8,585 SF
Price / SF$174.72
Days on Market62
Property Features for 7540 New West Rd
General Information
Standard status
Active
Size
8,585 SF
Property subtype
OFFICE
Listing Agency:
Reichle | Klein Group
(419) 794-3961
Listed By:
Ryan Miller · License #2011003129
Source:
Moodyscre
Added: May 29
Changed: Jul 28
Last Checked: Jul 28 at 3:21PM
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 office building features 17 perimeter offices along with two bullpen areas, providing a mix of private offices and shared workspace. The layout is well-suited for organizations that want a combination of individual work areas and collaborative space.
The property is listed for sale at 7540 New West Rd in Toledo, Ohio.
With a total size of 8,585 square feet, the building is positioned as a straightforward office option for buyers evaluating an existing interior configuration.
The property is listed for sale at 7540 New West Rd in Toledo, Ohio.
With a total size of 8,585 square feet, the building is positioned as a straightforward office option for buyers evaluating an existing interior configuration.
Key Highlights
- Office building with 17 perimeter offices
- Two bullpen areas for flexible workspace configurations
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 | $128.8k | $15.00 |
| − Vacancy | −$24.6k | −$2.87 |
| EGI | $104.2k | $12.14 |
| − OpEx | −$26.0k | −$3.03 |
| NOI | $78.1k | $9.10 |
8,585 SF · lease $15.00/SF/yr · vacancy 19.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$976.7K – $1.30M
NOI $78,134 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,012 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building offering 17 perimeter offices plus two bullpen areas for flexible workspace configurations.
Where is this office building located?
The property is located at 7540 New West Rd Toledo, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Office building with 17 perimeter offices; Two bullpen areas for flexible workspace configurations
