Building Details

Building Size 6,317 SF

Year Built 1970

Year Renovated 2008

Listing Agency: Signature Associates - Toledo

Listed By: Megan Malczewski Show Phone

Source: Cpix.resimplifi

Added: Jun 12 Changed: Oct 9 Last Checked: Oct 16 at 5:58AM

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Investment Insights

Based on property information with market context.

Move-in-ready flex building with a clean office environment and warehouse space, designed for the owner’s restoration and remodeling operations. The property includes 2,296 SF of warehouse space with a mezzanine and 4,275 SF of office space. The office features a showroom, large lobby, conference/training room with an overhead projector and motorized video screen, a full kitchen on the first floor, an open cubicle area, and five private offices. Additional improvements include a screened outdoor patio, reverse osmosis water system with on-demand hot water, oversized warehouse fans, floor drains in the warehouse, and a Generac backup generator. One gas and one electric meter are provided, along with a video surveillance security system.

The property includes an extra lot to the east and is served by irrigation systems on both lots.

Layout combines dedicated office and meeting space with warehouse functionality and in-place support systems, making it suitable for operations that need both production and administrative space.

Key Highlights

• 1970‑built flex building with 2,296 SF warehouse plus mezzanine and 4,275 SF office space
• Office includes showroom, large lobby, conference/training room with overhead projector and motorized video screen
• First‑floor office kitchen plus open cubicle area and 5 private offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,611

Suggested Prices Based on Cap Rates

Cap Rate 5%

$672,220 $672.2K

Cap Rate 7%

$480,157 $480.2K

Cap Rate 9%

$373,456 $373.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 6,317 SF

Gross rent

$49.3K $7.80/SF

− Vacancy

−$1.3K −$0.20/SF

EGI

$48.0K $7.60/SF

− OpEx

−$14.4K −$2.28/SF

NOI

$33.6K $5.32/SF

Area

Lucas County, OH

Vacancy

2.55%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$672,220

Cap Rate 7%

$480,157

Cap Rate 9%

$373,456

Alternative Uses

Best Use

Office B

$746.3K

$653.0K – $870.6K (±1% cap)

NOI $52,238 @ 7.0% cap · market cap 549,873.68%

Second Best

Warehouse

$583.1K

$510.2K – $680.2K (±1% cap)

NOI $40,814 @ 7.0% cap · market cap 429,621.05%

Theoretical Best

Specialty Retail

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $80,930 @ 7.0% cap · market cap 851,894.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

CybexInc, LLC Building Consultant Paul Davis General Contractor

Suggested Use

Top Pick HVAC Service Plumbing Service Restaurant Law Firm Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 43542, OH

4,443

Population

1,571

Households

2.8

Avg Household Size

43

Median Age

52%

College-Educated

96%

High-School Grad

14.9 sq mi

ZIP Area

298

Density / Sq Mi

$167,321

Median Household Income

$72,917

Median Earnings

$1,175

Median Rent

$423,000

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Move-in-ready flex building with office space, mezzanine, screened patio, and warehouse support systems.

Where is this flex space located?

The property is located at 9540 Airport Hwy Monclova, OH.

What are key features of this property?

This property features: 1970‑built flex building with 2,296 SF warehouse plus mezzanine and 4,275 SF office space; Office includes showroom, large lobby, conference/training room with overhead projector and motorized video screen; First‑floor office kitchen plus open cubicle area and 5 private offices