Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1506 Reynolds Rd Maumee, OH 43537
    Property profile & analytics

    1506 Reynolds Rd, Maumee, OH 43537

    View on Map
    • Retail properties & Spaces
    • 9,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1506 Reynolds Rd

    Year built
    1985
    Property type
    Retail properties & Spaces

    Description

    This exceptional single-tenant retail property, located at 1506 S Reynolds Rd in Maumee, Ohio, presents a fantastic leasing opportunity. The building, constructed in 1985, boasts a total of 9,600 square feet, with 1,200 square feet currently available for lease. Situated on a generous 1.8-acre lot, the property offers ample space and visibility. The building is a single-story structure with convenient access and 50 parking spaces, ensuring customer convenience. The property is zoned C-2 (commercial), allowing for a variety of retail uses. Electrical service is 120/208 volts. The property's prime location on S Reynolds Rd, near Dussel Drive, in Lucas County, places it within a high-traffic area, providing excellent exposure for your business. The address is 43537. This is an ideal space for a business seeking a prominent location with significant parking and ample room for growth. The property's size and location make it a highly desirable option for a variety of retail ventures. Don't miss this chance to secure a prime retail space in a thriving Maumee community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6632
    Latitude
    41.5858

    Comparable in this City

    • Value Estimation by Request
      4,874 SF

      705-713 Conant St

      Retail properties & Spaces
      705-713 Conant St, Maumee, OH 43537
      View Details
    • Value Estimation by Request
      30,000 SF

      Briarfield Blvd

      Neighborhood centers
      0 Briarfield Blvd, Maumee, OH 43537
      View Details
    • Value Estimation by Request
      7,176 SF

      1238 Conant St

      Retail properties & Spaces
      1238 Conant St, Maumee, OH 43537
      View Details
    • Value Estimation by Request
      4,874 SF

      705-713 Conant St

      Individual retail properties
      705-713 Conant St, Maumee, OH 43537
      View Details
    • Value Estimation by Request
      3,108 SF

      917 Conant St

      Individual retail properties
      917 Conant St, Maumee, OH 43537
      View Details
    • Value Estimation by Request
      14,340 SF

      570 Dussel Dr

      Neighborhood centers
      570 Dussel Dr, Maumee, OH 43537
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Arrowhead Park Retail Space

      Retail space available in Arrowhead Park.
      1470 Ford St, Maumee, OH 43537
      View Details
    • Contact for pricing
      31,010 SF

      Retail Space For Sale

      Retail space available for purchase.
      1412 S Reynolds Rd, Maumee, OH 43537
      View Details
    • $625,000
      0.34 Acres

      Maumee Warehouse: Prime Location

      Spacious warehouse, ideal for heavy equipment.
      322 Illinois Ave, Maumee, OH 43537
      View Details
    • Contact for pricing
      4,874 SF

      Retail Space for Sale

      Retail space available for purchase.
      705-713 Conant St, Maumee, OH 43537
      View Details
    • Contact for pricing

      Retail Opportunity on River Road

      Retail property for sale on River Road.
      301 River Rd, 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 W Wayne St, Maumee, OH 43537
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      7,176 SF

      Maumee Retail Space For Lease

      Prime Maumee location, 7,176 sq ft, 3,512 sq ft available.
      1238 Conant St, Maumee, OH 43537
      View Details
    • Contact for pricing
      8,550 SF

      Retail Property Near US Route

      Retail property located near US Route 24 in Maumee, OH.
      2300 Village Dr W, Maumee, OH 43537
      View Details
    • Contact for pricing
      1,384 SF

      Retail Space Near US Route

      Retail space for lease, approximately 11 miles from Toledo.
      3100 Russell Rd, Maumee, OH 43537
      View Details
    • Contact for pricing
      1,945 SF

      Retail Space in Busy Center

      Retail suite in a busy strip center with frontage.
      300-342 W Dussel Dr, Maumee, OH 43537
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Maumee, Ohio.
      Briarfield Blvd, Maumee, OH 43537
      View Details
    • Contact for pricing

      The Shops at Fallen Timbers

      Premier retail spaces in Maumee, Ohio's urban village.
      3100 Main St, Maumee, OH 43537
      View Details
    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.
    1506 Reynolds Rd
    Maumee, OH 43537
    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
    1506 Reynolds 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!