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    1050 Isaac Streets Dr Oregon, OH 43616

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    1050 Isaac Streets Dr Oregon, OH 43616

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    • Office properties & Spaces
    • 39,457 SF
    • 3.69 lot acres
    Off-Market
    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
    Lot size
    3.69 lot acres
    Property size
    39,457 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 2,902 square foot medical office suite is available for sale or lease within a well-maintained professional medical office condominium in Oregon, Ohio. Located at 1050 Isaac Streets Dr, this single-story building boasts a total of 39,457 square feet and offers convenient access to major transportation arteries. The property is situated just three-quarters of a mile from the I-280 interchange and a quarter-mile from SR-2/Navarre Avenue, Oregon's main retail area. Its strategic location provides immediate proximity to Mercy St. Charles Hospital, numerous retail establishments, and several national hotel chains, ensuring high visibility and accessibility for patients and staff. The suite features an 8-foot ceiling height and benefits from ample parking with 180 spaces available. Built in 1983, the property sits on 3.69 acres of land and is zoned C3-Planned Commercial (APN: 4491575, Lucas County). This presents an ideal opportunity for an owner-operator seeking a prime location or an investor looking for a strong medical office building investment. The property's multiple tenancy structure and established medical presence make it a highly desirable asset in a thriving commercial area. This turnkey solution offers immediate occupancy and the potential for significant return on investment.

    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
      2,902 SF

      1050 Isaac Streets Dr

      Medical Office Space • 2,902 SF
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    • Value Estimation by Request
      39,457 SF

      1050 Isaac Streets Dr

      Medical Office Space • 39,457 SF
      1050 Isaac Streets Dr, Oregon, OH 43616
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    • Value Estimation by Request
      4,620 SF

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      Medical Office Space • 4,620 SF
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      2,280 SF

      651 Wheeling St

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      3150 Dustin Rd

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      1,624 SF

      5501 Corduroy Rd

      MEDICAL BUILDING • 1,624 SF
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    Similar Nearby for Sale

    • $199,900
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      St. Charles Medical Office Suite

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      Former Dental Office For Sale

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      1,250 SF

      Medical Office Condominium For Sale

      Medical office condominium in Oregon area, perfect for investors.
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    • $179,900

      Medical Office Condo Near Hospital

      Well-maintained medical office condo near I-280 and St. Charles Hospital.
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      Oregon Development Site Opportunity

      16.25 acre development site ideal for mixed-use.
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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

      1,250 SF Medical Office - For Sale or Lease
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      Office Space For Lease

      Office space available for lease in Oregon, OH.
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • $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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      Freestanding Building with Showroom

      Freestanding building with restroom, showroom, high ceiling, and gym.
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      Office Space Available For Rent

      Office space available, offering 1,000 SqFt in Oregon, OH.
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      Retail Space on Navarre Avenue

      Retail space available on a major retail corridor.
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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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