Office Building with Perimeter
For Sale
Contact for pricing
7540 New West Rd, Toledo, OH 43617
Office building offering 17 perimeter offices plus two bullpen areas for flexible workspace configurations.
Property Size8,585 SF
Price / SF$174.72
Days on Market152
Property Features for 7540 New West Rd
General Information
Standard status
Active
Size
8,585 SF
Property subtype
OFFICE
Additional Details
Office Units
17
Listing Agency:
Reichle | Klein Group
(419) 861-1100
Listed By:
Ryan Miller · License #2011003129
(419) 794-3961
Source:
Moodyscre
Added: May 29
Changed: Oct 26
Last Checked: Oct 26 at 8:13PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$78,134
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,680
$1.6M
Cap Rate 7%
$1,116,200
$1.1M
Cap Rate 9%
$868,156
$868.2K
Market Conditions
NOI Build-Up for 8,585 SF
Gross rent
$128.8K $15.00/SF
− Vacancy
−$24.6K −$2.87/SF
EGI
$104.2K $12.14/SF
− OpEx
−$26.0K −$3.03/SF
NOI
$78.1K $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%
$1,562,680
Cap Rate 7%
$1,116,200
Cap Rate 9%
$868,156
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.
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Current Use
Lease Details
17
Office units
Location Intelligence
Trade Area within ½ mile
662
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
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Market
Vacancy Rate% for Office in Midwest region
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
