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    5800 Monroe St - Sylvania, OH 43560

    Sponsored
    For Sale
    $228,000

    2,900 SF Medical Office - $228K

    Property size:
    2,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,900 square foot medical office condo, located at 5800 Monroe Street, Unit 110, in Sylvania, Ohio, presents a fantastic investment opportunity. Priced at $228,000 ($78.62/sq ft), this single-tenant Class C property boasts ample parking within the Country Square business complex. Built in 1960, this one-story building sits on an 8,000 square foot lot and is zoned B4. The property is currently utilized as a physician's practice, benefiting from a convenient location and the advantages of a condo association. This association provides essential services, including building and common area maintenance, simplifying ownership and reducing operational burdens. The property's address is 5800 Monroe Street - Unit 110, Sylvania, OH 43560 (APN: 8214066). This turnkey solution offers immediate income potential and a streamlined ownership experience. The property's size and location make it ideal for a variety of medical practices or other professional uses. Serious inquiries are encouraged.

    Property Features for 5800 Monroe St -

    General Information

    Property type
    Medical offices
    Square Feet
    2,900 SF
    Class
    C

    Building Details

    Year Built
    1960
    Stories
    1

    HighLights

    • Currently operating physician's practice.
    • Ample parking in Country Square business complex.
    • Condo association handles building and common area maintenance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Metals Marketing Inc Hardware Store Dr. Rodney P. ... Endodontist Lyon Software Software Company Scott H Nightingale ... Dentist Nightingale Perio Dentist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.67876339
    Latitude
    41.71135972

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    FAQs

    What type of property is this?
    Medical office - 2,900 SF Medical Office - $228K
    Where is this medical office located?
    The property is located at 5800 Monroe St - Sylvania, OH.
    What is the asking price?
    The asking price for this property is $228,000.
    What are key features of this property?
    This property features: Currently operating physician's practice.; Ample parking in Country Square business complex.; Condo association handles building and common area maintenance.
    Request Owner's contact information
    5800 Monroe St - Sylvania, OH 43560
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    Sylvania, OH 43560
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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
    5800 Monroe St - Sylvania, OH 43560
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