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    2340 Detroit Ave./River Rd Maumee, OH 43537

    Sponsored
    For Sale
    $950,000

    Prime Maumee location, high occupancy, strong NOI.

    Property size:
    12,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story, Class B executive office building at 2340 Detroit Ave./River Rd, Maumee, Ohio 43537, offers a compelling investment opportunity. Boasting 12,690 total square feet and 9,798 net rentable square feet, the property is currently 100% occupied, generating a strong NOI of $74,218 and a 7.18% cap rate. Built in 1974, the building features 44 parking spaces and is situated on a highly visible corner lot with convenient access to Detroit Avenue and River Road. The property includes a wheelchair-accessible ramp and elevator, ensuring accessibility for all tenants. Recent upgrades include new HVAC units, a three-year-old roof, and newer windows, minimizing future maintenance costs. The building's 8-foot ceilings provide ample space, and it is equipped with electric heating and a 200-amp power supply. Tenants represent a diverse mix of regional, national, and local businesses. Detailed building and elevator plans are available upon request, along with additional photos. The property is zoned C-1 General Commercial (APN 20707). This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable Maumee location. Asking price is $950,000.

    Property Features for 2340 Detroit Ave./River Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    12,690 SF
    Class
    B

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    3

    HighLights

    • Excellent corner location with convenient access to Detroit Avenue and River Road.
    • Wheelchair accessible with ramp and elevator.
    • Additional photos and building/elevator plans available upon request.
    • Recently upgraded with new HVAC units, a three‑year‑old roof, and newer windows.
    • Strong tenant mix of regional, national, and local businesses.
    • 8‑foot ceilings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6217622
    Latitude
    41.5769139

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Maumee location, high occupancy, strong NOI.
    Where is this office property / space located?
    The property is located at 2340 Detroit Ave./River Rd Maumee, OH.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Excellent corner location with convenient access to Detroit Avenue and River Road.; Wheelchair accessible with ramp and elevator.; Additional photos and building/elevator plans available upon request.
    (419) 249-6311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2340 Detroit Ave./River Rd Maumee, OH 43537
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