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    Property profile & analytics

    1050 Isaac Streets Dr Oregon, OH 43616

    • Office Properties & Spaces
    • 4,620 SF
    For Sale
    View listing
    $355,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1050 Isaac Streets Dr

    Year built
    1983
    Property size
    4,620 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional 4,620 square foot medical office condominium in Oregon, Ohio, is offered at $355,000. Built in 1983 and renovated in 1990, this single-story building features a conducive layout with mostly perimeter windowed offices, a waiting room, six exam rooms with sinks, four additional offices, a kitchen, in-suite restrooms, and a conference room. A former x-ray room, now decommissioned per Ohio state regulations, retains its lead-lined walls. The property includes 180 parking spaces and benefits from its convenient location: 0.67 miles from I-280 and ¼ mile from SR-2. This property is zoned for office condominiums and consists of two combined condominium units with multiple entrances, constructed by Rudolph Libbe and featuring two electric and gas meters. The building is professionally managed. The asking price is $9 per square foot. APN: 24369001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oregon
    County
    Lucas
    State
    Ohio
    Longitude
    -83.4829
    Latitude
    41.6337

    Comparable in this City

    • Value Estimation by Request
      39,457 SF

      1050 Isaac Streets Dr

      Medical offices • 39,457 SF
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • Value Estimation by Request
      2,902 SF

      1050 Isaac Streets Dr

      Medical offices • 2,902 SF
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • Value Estimation by Request
      39,457 SF

      1050 Isaac Streets Dr

      Medical offices • 39,457 SF
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • Value Estimation
      $1,565,000
      8,489 SF

      3310 Dustin Rd

      MEDICAL BUILDING • 8,489 SF
      3310 Dustin Rd, Oregon, OH 43616-3302
      View Details
    • Value Estimation
      $1,905,000
      16,612 SF

      3156 Dustin Rd

      MEDICAL BUILDING • 16,612 SF
      3156 Dustin Rd, Oregon, OH 43616-4342
      View Details
    • Value Estimation
      $260,000
      5,624 SF

      2467 Woodville Rd

      MEDICAL BUILDING • 5,624 SF
      2467 Woodville Rd, Oregon, OH 43616-3800
      View Details

    Similar Nearby for Sale

    • $65,000
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      Prime Medical Office Condo in Oregon, OH

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    • $355,000
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      Medical Office Building for Sale

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    • $199,900
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      Medical Office Condo Near Hospital

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    • $75,000
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      Executive Office Condo for Sale

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    Similar Nearby for Lease

    • $12 SF/Yr
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      Oregon Medical Office Condo

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    • $10 SF/Yr
      39,457 SF

      Prime Oregon Medical Office Space

      4,620 SF Medical Office for Lease
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • $14,400 /Mo
      7,200 SF

      Navarre Ave Office Space For Lease

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    • $8 SF/Yr
      10,107 SF

      Executive Office Suite in Oregon, OH

      Prime Office Space Available - 2,376 sq ft
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    • $8 SF/Yr
      11,050 SF

      2295 Starr Ave

      Office Properties & Spaces • 11,050 SF
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    • Contact for pricing
      33,977 SF

      Prime Oregon Commercial Land

      0.78-acre lot, General Commercial zoning.
      3232 Navarre Ave, Oregon, OH 43616
      View Details
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    Oregon, OH 43616
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    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
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