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    1707-1717 Monroe St Toledo, OH 43604

    For Sale
    $650,000

    Toledo Office/Warehouse, High NOI

    Property size:
    14,970 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 14,970 square foot property, located at 1707-1717 Monroe Street in Toledo, Ohio, presents a compelling investment opportunity. The single-tenant building, encompassing both executive office and warehouse space, sits on a 0.54-acre lot and boasts 20 parking spaces. A recent renovation in 2019 enhances its appeal. Currently operating as a doggie daycare and boarding facility, the tenant recently renewed their lease, commencing November 1, 2024. The property features high visibility on Monroe Street and enjoys excellent accessibility due to its proximity to I-75 North/South interchanges. The building is zoned Regional Commercial-CR. Financial highlights include a strong net operating income (NOI) of $57,537 and an attractive 8.75% capitalization rate. The asking price is $650,000, translating to $43.42 per square foot. This property offers a blend of stable income and significant upside potential in a desirable Toledo location. The property's APN is 000046 & 1023504.

    Property Features for 1707-1717 Monroe St

    General Information

    Property type
    Distribution properties
    Square Feet
    14,970 SF
    Lot Size
    23,522 SF

    Building Details

    Year Renovated
    2019
    Stories
    1

    HighLights

    • Doggie daycare and boarding facility in downtown Toledo.
    • 2019 tenant improvements completed.
    • Net Operating Income (NOI): $57,537.
    • 8.75% capitalization rate.
    • Lease renewed, commencing November 1, 2024.
    • High‑visibility Monroe Street location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    -83.549143
    Latitude
    41.654183

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    FAQs

    What type of property is this?
    Distribution property - Toledo Office/Warehouse, High NOI
    Where is this distribution property located?
    The property is located at 1707-1717 Monroe St Toledo, OH.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Doggie daycare and boarding facility in downtown Toledo.; 2019 tenant improvements completed.; Net Operating Income (NOI): $57,537.
    Request Owner's contact information
    1707-1717 Monroe St Toledo, OH 43604
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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
    1707-1717 Monroe St Toledo, OH 43604
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