Commercial Real Estate Market in Waterville, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 237 off-market properties in Waterville, OH. Commercial property asks $1,643/SF to buy and $9.64/SF/Yr to lease.
Market Trends
Waterville, OH spans 18.4 square miles in Lucas County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waterville, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Waterville, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Waterville, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Waterville, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 42.9%
- Agricultural 33.8%
- Industrial 10.2%
- Commercial 7.9%
- Open space 2%
- Mixed use 1.7%
- Planned_development 1%
Largest Zones share of zoned land by district
Agricultural
Residential
Residential
Industrial
Commercial
Agricultural (A-1)
The intent of this zone is to promote agricultural district uses
Market overview
Demographics & Economy
Waterville, OH has 8,371 residents in 3,594 households. Density runs 455 people per square mile. Median household income here is $108,497 and median gross rent $1,378 a month.
8,371
Population
3,594
Households
2.3
Avg Household Size
43
Median Age
46%
College-Educated
98%
High-School Grad
18.4 sq mi
ZIP Area
455
Density / Sq Mi
$108,497
Median Household Income
$57,413
Median Earnings
$1,378
Median Rent
$283,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Haskins | — | — |
| Whitehouse | — | — |
| Monclova | — | — |
| Maumee | — | $11.95 |
Commercial property in Waterville, OH asks $1,643/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waterville?
Commercial property in Waterville, OH asks an average of $1,643 per square foot.
How much does it cost to lease commercial space in Waterville?
Asking lease rates in Waterville, OH average $9.64 per square foot per year.
Where does Realmo's Waterville market data come from?
Realmo compiles Waterville, OH figures from 5 recent recorded sales, 9 active sale listings, 3 active lease listings, 237 tracked off-market properties, the current Waterville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 3 active for-lease listings in Waterville, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,118 zoned acres across 15 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
