Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    118 3rd St Perrysburg, OH 43551-2164

    • Office buildings
    • 8,286 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2080724
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Computol, Inc. / Computer Support And Services
    • Medicare Insurance Agent, Andrew Bennett / Health Insurance Agency
    • NackowiczLaw, LLC / Consultant
    • Speweik Law / Law Firm
    • Renaissance Wellness and Healing, LLC / Mental Health Service / Counselor

    Property Details for 118 3rd St

    Year built
    1986
    Lot size
    0.25 lot acres
    Property size
    8,286 SF
    Property type
    Office buildings
    APN
    Q61-000-9022-02-007.000
    APU
    Q61000902202007000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $486,000
      Market price range: $354k - $977k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Perrysburg
    County
    Wood
    State
    Ohio
    Longitude
    -83.6271
    Latitude
    41.5584
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,015
    $28,600
    $142,380
    $170,980
    -
    $81,700
    $406,800
    $488,500

    Comparable in this City

    • Value Estimation
      $270,000
      0.21 Acres

      Fremont Pike

      OFFICE BUILDING • 0.21 Acres
      Fremont Pike, Perrysburg, OH 43551
      View Details
    • Value Estimation
      $260,000
      0.28 Acres

      Commerce Dr

      OFFICE BUILDING • 0.28 Acres
      Commerce Dr, Perrysburg, OH 43551
      View Details
    • Value Estimation
      $385,000
      16,844 SF

      26609 Lime City Rd

      OFFICE BUILDING • 16,844 SF
      26609 Lime City Rd, Perrysburg, OH 43551-4231
      View Details
    • Value Estimation by Request
      2,935 SF

      9901 Bennett Rnch Blvd

      OFFICE BUILDING • 2,935 SF
      9901 Bennett Rnch Blvd, Perrysburg, OH 43551-3012
      View Details
    • Value Estimation
      $425,000
      4,428 SF

      27100 Glenwood Rd

      OFFICE BUILDING • 4,428 SF
      27100 Glenwood Rd, Perrysburg, OH 43551
      View Details
    • Value Estimation
      $465,000
      6,880 SF

      27493 Holiday Ln

      OFFICE BUILDING • 6,880 SF
      27493 Holiday Ln, Perrysburg, OH 43551-5362
      View Details

    Similar Nearby for Sale

    • $540,000
      34,960 SF

      Perrysburg Executive Office Complex

      Prime Office Space, 34,960 SF, 100% Occupied
      900 South Boundary St, Perrysburg, OH 43551
      View Details
    • $60,000
      53.33 Acres

      Industrial Land: Perrysburg, OH

      53-Acre Industrial Tract, Excellent Location
      0 Oregon Rd, Perrysburg, OH 43551
      View Details
    • $18,900,000
      252,600 SF

      Perrysburg Industrial Warehouse For Sale

      252,600 SF Warehouse, Manufacturing, Ohio
      1775 Progress Dr, Perrysburg, OH 43551
      View Details
    • $6,198,500
      124.00 Acres

      Prime Perrysburg Development Land

      124 Acres, $6.2M, Industrial Potential
      0 Fremont Pike At Lowry Dr, Perrysburg, OH 43551
      View Details
    • $1,000,000
      1.75 Acres

      Prime Perrysburg Commercial Land

      1.75 Acres, High Visibility, C-1 Zoning
      0 Lime City Rd & Rte 20, Perrysburg, OH 43551
      View Details
    • $324,900

      Perrysburg Land with Barn

      1.32 acres in-town Perrysburg with barn and shed.
      933 Mulberry St, Perrysburg, OH 43551
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      10,133 SF

      Perrysburg Office Building For Rent

      Well-maintained office building in Perrysburg’s Commerce Business Park.
      845 Commerce Dr, Perrysburg, OH 43551
      View Details
    • $11 SF/Yr
      22,806 SF

      Perrysburg Office Space Available

      Class A Office, Multiple Suites, Build-to-Suit Options
      1090 South Boundary St, Perrysburg, OH 43551
      View Details
    • $17 SF/Yr
      46,446 SF

      Remodeled Multi-Use Suite Available

      First floor suite available for lease in Perrysburg, Ohio.
      27511 Holiday Ln, Perrysburg, OH 43551
      View Details
    • Contact for pricing

      New Construction Flexible Space

      New construction suitable for retail, office, flex, and warehouse.
      Oregon Rd, Perrysburg, OH 43551
      View Details
    • $24 SF/Yr
      69,569 SF

      Levis Commons Office Space

      Class A Office Suites in Perrysburg, OH
      3201 Levis Commons Blvd, Perrysburg, OH 43551
      View Details
    • $13 SF/Yr
      10,551 SF

      Three Meadows Plaza Office Suites

      Perrysburg, OH Office Space Available
      1021 Sandusky St, Perrysburg, OH 43551
      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.
    118 3rd St
    Perrysburg, OH 43551-2164
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.