Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5202 Timber Commons Dr Sandusky, OH 44870

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5202 Timber Commons Dr Sandusky, OH 44870

    View on Map
    • Office properties & Spaces
    • 15,416 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx Drop Box / Postal Service / Courier Service
    • Ohio Business College - Sandusky (Branch Campus) / Adult Education School / Business School

    Property Details for 5202 Timber Commons Dr

    Year built
    2006
    Property size
    15,416 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This 15,416 square foot Class A office building in Sandusky, Ohio, is available for sale at $985,000 ($63.89/sq ft). Located at 5202 Timber Commons Dr, 44870, this single-story, 2006-built property boasts a prime location adjacent to Great Wolf Lodge and retail shopping. Currently operating at 100% occupancy as a business college, the property features a gross lease structure with a single tenant. The current lease expires April 30, 2025, with a remaining term of approximately 0.4 years. The owner will lease back a portion of the building until May 1, 2025. The property includes ample parking with 20 spaces. This versatile space is ideal for various professional uses, including executive, medical, and traditional office settings. The property is categorized as an owner/user investment opportunity with a sale/leaseback structure. No rent bumps are included in the lease agreement. The APN is 32-0753-001. This is a single-building property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sandusky
    County
    Erie
    State
    Ohio
    Longitude
    -82.6676
    Latitude
    41.4155

    Comparable in this City

    • Value Estimation by Request
      5,784 SF

      1674 Sycamore Line

      MEDICAL BUILDING • 5,784 SF
      1674 Sycamore Line, Sandusky, OH 44870-4132
      View Details
    • Value Estimation by Request
      1,948 SF

      Tyler

      MEDICAL BUILDING • 1,948 SF
      Tyler, Sandusky, OH 44870
      View Details
    • Value Estimation by Request
      3,128 SF

      703 Tyler St

      MEDICAL BUILDING • 3,128 SF
      703 Tyler St, Sandusky, OH 44870-3367
      View Details
    • Value Estimation by Request
      6,606 SF

      Tyler

      MEDICAL BUILDING • 6,606 SF
      Tyler, Sandusky, OH 44870
      View Details
    • Value Estimation by Request
      1,914 SF

      2537 Columbus Ave

      MEDICAL BUILDING • 1,914 SF
      2537 Columbus Ave, Sandusky, OH 44870-5548
      View Details
    • Value Estimation by Request
      2,827 SF

      2525 Columbus Ave

      MEDICAL BUILDING • 2,827 SF
      2525 Columbus Ave, Sandusky, OH 44870-5500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      171 SF

      Sandusky Office Space: Great Value!

      Affordable Office, Prime Location, Utilities Included
      1031 Pierce St, Sandusky, OH 44870
      View Details
    • Contact for pricing
      12,000 SF

      Office Building with Expansion Potential

      Office building featuring a large parking lot and expansion potential.
      319 Howard Dr, Sandusky, OH 44870
      View Details
    • Contact for pricing
      1.00 Acre

      Sandusky Acre Development Opportunity

      Prime 1-acre lot, highway visibility, lease/sale options.
      482 Crossings Rd, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Development Land Near Kalahari Resort

      Land for development near Kalahari Resort with utilities access.
      Us 250, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Land For Sale

      One acre of land available for purchase.
      3700 Milan Rd, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Commercial Property on Main Intersection

      Commercial property with two buildings and additional land parcels.
      513 E Perkins Ave, Sandusky, OH 44870
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sandusky Commercial Space For Lease

      Commercial space suitable for medical, professional, or neighborhood services.
      1304 Hayes Ave, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Storefront in Best Coastal Town

      Storefront perfect for retail or office space near Cedar Point.
      174 E Market St, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Prime Retail Space on Columbus

      High-visibility retail, office, or entertainment venue in downtown Sandusky.
      152 Columbus Ave, Sandusky, OH 44870
      View Details
    • $1,600,000

      Office Space with Utilities Included

      Office space in high visibility area with utilities included.
      2215 Cleveland Rd, Sandusky, OH 44870
      View Details
    • $1,200,000

      Office Space with Utilities Included

      Office space in high visibility area with utilities included.
      2215 Cleveland Rd, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Furnished Office Space Available

      Single office space for rent with utilities included.
      5001 Milan Rd, Sandusky, OH 44870
      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.
    5202 Timber Commons Dr
    Sandusky, OH 44870
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!