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    3131 Executive Pkwy Toledo, OH 43606

    For Sale
    $2,500,000

    Toledo Office Building - Investment Opportunity

    Property size:
    34,344 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 34,344 square foot office building, located at 3131 Executive Parkway in Toledo, Ohio (zip code 43606), presents a compelling investment and owner-occupant opportunity. Currently boasting 78% occupancy with long-term tenants in place, this well-maintained asset offers a stable income stream. The property is professionally managed and features professionally maintained office suites available for lease in multiple configurations, with the largest suite measuring up to 5,349 square feet. Its prime location in the Westgate area provides excellent visibility and accessibility, situated less than a mile from an expressway interchange and benefiting from prominent signage along Executive Parkway. The asking price is $2,500,000, translating to $72.79 per square foot. A detailed pro forma is available upon request for qualified buyers. This property is ideal for investors seeking a strong return on investment or owner-occupants looking to establish a presence in a highly visible and convenient location. The building's strong tenant base and strategic location make it a highly attractive proposition in the Toledo commercial real estate market. This is a turnkey opportunity with significant upside potential. Further information, including a complete property profile, is available.

    Property Features for 3131 Executive Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    34,344 SF

    HighLights

    • 34,344 SF office building in Toledo, OH (43606) at 3131 Executive Parkway.
    • 78% occupancy with long‑term tenants, providing stable income.
    • Professionally managed with suites available for lease, largest at 5,349 SF.
    • Prime Westgate location, less than one mile from expressway, excellent visibility and signage.
    • Asking price: $2,500,000 ($72.79/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mahaffey & Associates LLC Bankruptcy Attorney Soul Searching Counseling Social Worker Divine Ivriy Doula AIDE FOR YOU, LLC Corporate Office Toledo Homecare Home Health Care Service

    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
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6295665
    Latitude
    41.678252

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    FAQs

    What type of property is this?
    Office Property / Space - Toledo Office Building - Investment Opportunity
    Where is this office property / space located?
    The property is located at 3131 Executive Pkwy Toledo, OH.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 34,344 SF office building in Toledo, OH (43606) at 3131 Executive Parkway.; 78% occupancy with long-term tenants, providing stable income.; Professionally managed with suites available for lease, largest at 5,349 SF.
    Request Owner's contact information
    3131 Executive Pkwy Toledo, OH 43606
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    Toledo, OH 43606
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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
    3131 Executive Pkwy Toledo, OH 43606
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