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    1050 Isaac Streets Dr Oregon, OH 43616
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    1050 Isaac Streets Dr, Oregon, OH 43616

    View on Map
    • Office Spaces
    • 2,902 SF
    • 3.69 lot acres
    For Sale
    $199,900
    View Listing →
    St. Charles Medical Office Suite For Sale
    $199,900
    2,902 SF

    St. Charles Medical Office Suite

    Prime Medical Office Condo, Ohio

    Toledo, OH 43616
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 1050 Isaac Streets Dr

    Year built
    1983
    Lot size
    3.69 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 2,902 square foot medical office suite is situated within a well-maintained professional condominium in Oregon, Ohio. Ideally suited for an owner-user or investment opportunity, the property boasts a convenient location, just three-quarters of a mile from the I-280 interchange and a quarter-mile from SR-2/Navarre Avenue, Oregon's main retail corridor. Its adjacency to Mercy St. Charles Hospital, major retail establishments, and several national hotel chains ensures high visibility and accessibility. The suite itself features a thoughtfully designed layout including two waiting rooms, a break room, a receptionist office, a private office, eight exam rooms/offices, and two bathrooms (one ADA compliant). A private back entrance adds to the convenience. The property includes access to 180 shared parking spaces, with two curb cuts off Isaac Streets Drive, and additional access from St. Charles Hospital via Wheeling and Navarre. Built in 1983, this single-story building sits on a 3.69-acre lot and is zoned C3-Planned Commercial. The asking price is $199,900 ($68.88/sq ft). Interior digital display signage opportunities are available. High traffic counts are reported on Navarre Avenue (28,037 VPD in 2023) and I-280 (10,710 VPD in 2023). The property's APN is 4491575. This is a turnkey opportunity for a thriving medical practice or savvy investor.

    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
    41.6339

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    Similar Nearby for Sale

    • $199,900
      2,902 SF

      St. Charles Medical Office Suite

      Prime Medical Office Condo, Ohio
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • Contact for pricing
      1,250 SF

      Medical Office Condominium For Sale

      Medical office condominium in Oregon area, perfect for investors.
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      Former Dental Office For Sale

      First-floor office in mixed-use building with ample parking.
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      Leased Medical Office Condo Suite

      Well-maintained medical office suite with multiple exam rooms and ADA-accessible restrooms in a professional setting near major healthcare.
      1050 Isaac Streets Dr, Oregon, OH 43616
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      Oregon Development Site Opportunity

      16.25 acre development site ideal for mixed-use.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Oregon Medical Office Condo

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      2735 Navarre Ave, Oregon, OH 43616
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    • $14,400 /Mo
      7,200 SF

      Navarre Ave Office Space For Lease

      1,000 SF Office, Prime Oregon Location
      2300 Navarre Ave, Oregon, OH 43616
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    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Oregon, OH.
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • Contact for pricing

      Freestanding Building with Showroom

      Freestanding building with restroom, showroom, high ceiling, and gym.
      2295 Starr Ave, Oregon, OH 43616
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    • Contact for pricing

      Office Space Available For Rent

      Office space available, offering 1,000 SqFt in Oregon, OH.
      2300 Navarre Ave, Oregon, OH 43616
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    • Contact for pricing

      Retail Space on Navarre Avenue

      Retail space available on a major retail corridor.
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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.

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