Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5800 Monroe St Sylvania, OH 43560

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Restaurant space available immediately at major intersection with ample parking.

    Property size:
    33,600 SF
    Lot size:
    9.56 Acres

    Property Features for 5800 Monroe St

    General Information

    Size
    33,600 SF
    Lot size
    9.56 Acres
    Source: Moodyscre

    Listing Agent: Jennifer Dunsmore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space in Sylvania, Ohio

    Located at the major intersection of Monroe Street and Alexis Road in Sylvania, Ohio, this property offers approximately 2,600 square feet of restaurant space. The location benefits from high traffic, with over 22,000 cars per day on Alexis Road. It features two signalized entrances and ample parking. The property is situated 0.25 miles from US 23. Two pylon signs are present. The restaurant space includes two walk-in coolers and a hood. The property is nicely maintained and available immediately.
    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
    -83.6785045
    Latitude
    41.7106431

    Nearby Similar for Lease

    • $12 SF/Yr
      5,373 SF

      Sylvania Retail Space in Plaza

      Prominent retail space in high-traffic Sylvania plaza for lease.
      6365-6387 Monroe St, Sylvania, OH 43560
      View Details
    • $13 SF/Yr
      1,493 SF

      Retail Space in Kroger Center

      Retail suites available in Kroger-anchored shadow center in Sylvania, Ohio.
      7561 Sylvania Ave, Sylvania, OH 43560
      View Details
    • $10 SF/Yr
      9,000 SF

      West Toledo Office Space for Lease

      Sylvania Twp. medical/creative office suites
      4906 Holland Sylvania Rd, Sylvania, OH 43560
      View Details
    • $9 SF/Yr
      77,400 SF

      Toledo Office Space For Lease

      Versatile office suites, various sizes.
      5151 Monroe St, Sylvania, OH 43623
      View Details
    • $14 SF/Yr
      13,500 SF

      Sylvania Township Office Space Available

      Second-generation office space near ProMedica Flower Hospital and US-23.
      4848 Holland Sylvania Rd, Sylvania, OH 43560
      View Details
    • $9 SF/Yr
      28,660 SF

      Sylvania Retail Plaza - Main St

      High-traffic retail space available.
      4981 Main St, Sylvania, OH 43560
      View Details
    • $9 SF/Yr
      28,500 SF

      West Toledo Retail Space Available

      High-traffic storefront, flexible space
      4900 Mccord Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing
      7,700 SF

      Proposed Shopping Center on Monroe

      Proposed 7,700 SF shopping center with high traffic.
      6404 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      1,750 SF

      Sylvania Township Retail/Office Space

      1,750 SF renovated retail or office space for lease.
      5270 Alexis Rd, Sylvania, OH 43560
      View Details
    • $12 SF/Yr
      37,214 SF

      Sylvania Retail Center Opportunity

      Prime Sylvania location, 3 suites available
      5801-5829 Monroe St, Sylvania, OH 43560
      View Details
    • $812,500
      6,500 SF

      Class A Executive Office Space

      Executive office space with wooded views available for rent.
      6450 Monroe St, Sylvania, OH 43560
      View Details
    • $17 SF/Yr
      2,100 SF

      Retail Space in Sylvania, OH

      Retail space available for lease in Sylvania, Ohio.
      6600 Sylvania Ave, Sylvania, OH 43560
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space available immediately at major intersection with ample parking.
    Where is this restaurant located?
    The property is located at 5800 Monroe St Sylvania, OH.
    What are key features of this property?
    This property features: - High-Traffic Location: Over 22,000 cars per day on Alexis Road; - Restaurant Ready: Approximately 2,600 SF of restaurant space with 2 walk-in coolers and a hood; - Excellent Accessibility: Just 0.25 miles from US 23
    (419) 931-0709
    Request Owner's contact information
    5800 Monroe St Sylvania, OH 43560
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5800 Monroe St
    Sylvania, OH 43560
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.