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    5151 Monroe St Sylvania, OH 43623

    For Lease
    $9 SF/Yr

    Versatile office suites, various sizes.

    Lot size:
    77,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This two-story, 77,400 square foot Class B office building, situated on 4.55 acres in West Toledo's Sylvania Township, offers a diverse range of flexible office spaces. Built in 1972 and renovated in 2023, the property boasts 48 suites, ranging from a minimum of 179 square feet to a maximum contiguous space of 8,807 square feet. Currently, 4,396 square feet are vacant. The building features convenient amenities including 360 parking spaces, elevators, and a 9-10 foot ceiling height. Its location within Sylvania Township offers the benefit of no local income taxes, and its proximity to retail, restaurants, and banking centers adds to its appeal. The property is zoned C-2 and includes a convenient on-site post office. Multiple suite options are available, including smaller individual offices, larger open spaces suitable for call centers, and configurations adaptable to tenant needs. Rental rates vary depending on the size and features of the chosen suite, with some including operating expenses and utilities. This property presents a unique opportunity for businesses seeking flexible and well-located office space in a thriving community. The Lucas County location and convenient access to major roadways make this an ideal location for businesses of all sizes.

    Property Features for 5151 Monroe St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    77,400 SF
    Class
    B
    Total Rate
    59662.5

    Building Details

    Year Built/Renovated
    1972/2023
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 250A
    Size
    175 SF
    Rate per SF
    $3,180
    Space
    Suite 231H
    Size
    223 SF
    Rate per SF
    $3,480
    Space
    Suite 107
    Size
    3,200 SF
    Rate per SF
    $9
    Space
    Suite 216 & 220
    Size
    10,824 SF
    Rate per SF
    $9
    Space
    Suite 231 I
    Size
    199 SF
    Rate per SF
    $3,300
    Space
    Suite 210B
    Size
    145 SF
    Rate per SF
    $9
    Space
    Suite 244 & 245
    Size
    647 SF
    Rate per SF
    $9
    Space
    Suite 232 H
    Size
    326 SF
    Rate per SF
    $9
    Space
    Suite 232J
    Size
    114 SF
    Rate per SF
    $9
    Space
    232B
    Size
    127 SF
    Rate per SF
    $9

    HighLights

    • Multi‑tenant office building in Sylvania Twp, OH.
    • Less than 0.5 miles from Franklin Park Mall.
    • Professionally managed and maintained.
    • One mile from I‑475.
    Property Profile Location Intelligence

    Current Use by Public Records

    Royal Barber & Co Accountant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6501994
    Latitude
    41.6987425

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    FAQs

    What type of property is this?
    Medical office - Versatile office suites, various sizes.
    Where is this medical office located?
    The property is located at 5151 Monroe St Sylvania, OH.
    What is the lease rate?
    The lease rate is $9-$3,480 SF/Yr.
    What are key features of this property?
    This property features: Multi-tenant office building in Sylvania Twp, OH.; Less than 0.5 miles from Franklin Park Mall.; Professionally managed and maintained.
    Request Owner's contact information
    5151 Monroe St Sylvania, OH 43623
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    Sylvania, OH 43623
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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
    5151 Monroe St Sylvania, OH 43623
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