Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Free Standing Office Condo Title is generated by Realmo AI

    1605 Perrysburg Holland Rd, Maumee, OH 43537

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Office condo in Arrowhead Business Park, Maumee, OH.

    Type:Office
    Property size:
    4,550 SF
    Price / SF:
    $54/SF
    Added:
    Jul 7, 2021
    Days on Market:
    1791
    Last Refresh:
    May 19 at 8:55 pm

    Property Features for 1605 Perrysburg Holland Rd

    General Information

    Standard status
    Active
    Size
    4,550 SF
    Property subtype
    Office

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Kyle Jurgenson
    Kyle Jurgenson

    Listing agent Kyle Jurgenson License #MI 6501427812

    Listing office Miller Diversified

    Listing date Jul 7, 2021

    Source Crexi

    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 Miller Diversified

    HighLights

    • Free‑standing office condo.
    • Located on PERRYSBURG HOLLAND Rd. in Maumee’s prestigious ARROWHEAD BUSINESS PARK.
    • Great access.
    • Suitable for investors, business owners, and non‑profit service providers.
    • Potential for a variety of uses.
    • Built in 1986.

    Overview

    This free-standing office condo is located on Perrysburg Holland Rd. in Maumee’s Arrowhead Business Park. The property offers access and potential for a variety of uses. The property has a size of 4,550 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6676075
    Latitude
    41.581033

    Nearby Similar for Sale

    • $7,890,000

      Arrowhead Park Office Opportunity

      Office building on almost 10 acres in Arrowhead Park.
      1740 Indian Wood Cir, Maumee, OH 43537
      View Details
    • $4,728,400
      7,083 SF

      Carrabba's Italian Grill For Sale

      Freestanding restaurant on 3.22 acres with long-term NNN lease.
      3405 Briarfield Blvd, Maumee, OH 43537
      View Details
    • $895,000
      13,990 SF

      Maumee Industrial Property For Sale

      Industrial property with loading docks and overhead doors in Maumee.
      809-821 Ford St, Maumee, OH
      View Details
    • $1,450,000
      16,952 SF

      Freestanding Office Building For Sale

      16,952 SF office building with a 5,000 SF meeting room.
      1691 Woodlands Dr, Maumee, OH
      View Details
    • Contact for pricing
      3,200 SF

      Premier Office Building in Woodlands

      Office building with high-glass entry, wooded location, and parking.
      1701 Woodlands Drive, Maumee, OH 43537
      View Details
    • $975,000
      22,080 SF

      Toledo Office Building For Sale

      22,080 SF office building in Toledo, OH for sale.
      6056 Deer Park Ct, Maumee, OH
      View Details
    • $600,000

      Maumee Office Space Available

      Office space for sale in Maumee, Ohio.
      1615 Holland Rd, Maumee, OH
      View Details
    • $925,000
      12,222 SF

      Redevelopment Opportunity in Toledo, OH

      Spacious building suitable for multifamily redevelopment with scenic views.
      6048 Deer Park Ct, Maumee, OH
      View Details
    • $1,645,000
      16,482 SF

      23-Unit Multifamily Property in Maumee

      23-unit multifamily property with stable rental income in Maumee, Ohio.
      1624 Michigan Avenue, Maumee, OH 43537
      View Details
    • Contact for pricing
      11,280 SF

      Uptown Maumee Mixed-Use Property

      Mixed-use property in Uptown Maumee with modern access.
      122 - 126 W Wayne St, Maumee, OH, 43537
      View Details
    • $3,500,000
      109,598 SF

      Class A Flex/Office Building

      Flex/Office building with multiple possible configurations for sale.
      1740 Indian Wood Circle, Maumee, OH 43537
      View Details
    • Contact for pricing

      Class-A Office Building Available

      Class-A office building with immediate availability in a wooded setting.
      1705 - 1715 Indian Wood Circle, Maumee, OH 43537
      View Details

    FAQs

    What type of property is this?
    Office units - Office condo in Arrowhead Business Park, Maumee, OH.
    Where is this office units located?
    The property is located at 1605 Perrysburg Holland Rd Maumee, OH.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Free‑standing office condo.; Located on PERRYSBURG HOLLAND Rd. in Maumee’s prestigious ARROWHEAD BUSINESS PARK.; Great access.
    (937) 470-9011 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Jurgenson
    Kyle Jurgenson
    Real Estate License ID: MI 6501427812
    Learn More
    Request Owner's contact information
    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.
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1605 Perrysburg Holland Rd, Maumee, OH 43537
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!