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Property profile & analytics
OFF-MARKET
Office Spaces

5151 Monroe St Sylvania, OH 43623

77,400 SF 4.55 ac lot Built 1972
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1972
Total area 77,400 SF
Lot 4.55 ac (198,198 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Royal Barber & Co Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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