Office Suite with Private
For Sale
Contact for pricing
7558-7600 Kings Pointe Rd, Toledo, OH 43617
Office suite with front air vestibule and rear patio access, plus washer/dryer hookups and shared basement storage.
Property Size1,837 SF
Price / SF$170
Days on Market252
Property Features for 7558-7600 Kings Pointe Rd
General Information
Standard status
Active
Size
1,837 SF
Property subtype
OFFICE
Amenities
washer/dryer hookup
shared basement storage
tenant signage
Listing Agency:
SVN Ascension
(419) 540-8888
Listed By:
Hannah Szul · License ##SAL.2023002138
(419) 867-9119
Source:
Moodyscre
Added: Jan 5
Changed: Aug 16
Last Checked: Sep 13 at 10:24AM
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 SVN Ascension
Investment Insights
Based on property information with market context.
Office suite located within a business park setting. The space includes private entrances with a front entry and air vestibule, plus rear access with a patio. A washer/dryer hookup is available, and shared basement storage may be added with landlord approval. Outdoor tenant signage options include dedicated tenant signage and suite door signage.
The suite offers ample shared parking and may be combined with an adjoining suite at 7590 Kings Pointe Rd for a combined total of 3,931 SF. Surrounding area includes a newly built allergy office directly across the street, and an adjacent office building that was recently purchased and is being remodeled.
Traffic counts for nearby roads include King Rd at 15,773 (24), W Sylvania Ave at 15,061 (25), Central Ave at 33,137 (24), and I-475 at 96,046 (24).
The suite offers ample shared parking and may be combined with an adjoining suite at 7590 Kings Pointe Rd for a combined total of 3,931 SF. Surrounding area includes a newly built allergy office directly across the street, and an adjacent office building that was recently purchased and is being remodeled.
Traffic counts for nearby roads include King Rd at 15,773 (24), W Sylvania Ave at 15,061 (25), Central Ave at 33,137 (24), and I-475 at 96,046 (24).
Key Highlights
- 1837 SF office suite with private front entry air vestibule and rear patio access
- May be combined with adjoining suite at 7590 Kings Pointe Rd for total 3,931 SF
- Washer/dryer hookup in the suite
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
$16,719
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
5.35%
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%
$334,380
$334.4K
Cap Rate 7%
$238,843
$238.8K
Cap Rate 9%
$185,767
$185.8K
Market Conditions
NOI Build-Up for 1,837 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
$27.6K $15.00/SF
− Vacancy
−$5.3K −$2.87/SF
EGI
$22.3K $12.14/SF
− OpEx
−$5.6K −$3.03/SF
NOI
$16.7K $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%
$334,380
Cap Rate 7%
$238,843
Cap Rate 9%
$185,767
Alternative Uses
Best Use
Office B
$238.8K
$209.0K – $278.7K
NOI $16,719 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.7K
$267.5K – $356.7K
NOI $21,400 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with front air vestibule and rear patio access, plus washer/dryer hookups and shared basement storage.
Where is this office units located?
The property is located at 7558-7600 Kings Pointe Rd Toledo, OH.
What is the asking price?
The asking price for this property is $312,290.
What are key features of this property?
This property features: 1837 SF office suite with private front entry air vestibule and rear patio access; May be combined with adjoining suite at 7590 Kings Pointe Rd for total 3,931 SF; Washer/dryer hookup in the suite
