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    Property profile & analytics

    1204 Wooster St Bowling Green, OH 43402

    • Commercial real estate
    • 10,004 SF
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1111896
    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

    • Noir Salon / Beauty Salon
    • Main Street Photo & Portrait Studio / Video Duplication Service / Photo Lab
    • Troutner and Schultz Photography / Portrait Studio / Wedding Photographer
    • Scan My Film @ Main Street Photo / Photo Lab / Photo Restoration Service
    • Hart Medical Equipment / Home Health Care Service

    Property Details for 1204 Wooster St

    Year built
    1998
    Property size
    10,004 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,400 square foot executive office suite is ideally located at 1204 W. Wooster Street, situated on the corner of Wooster Street and Ridgewood Drive. The property boasts a convenient location near Wood County Hospital and Stone Ridge Golf Course, offering excellent accessibility and visibility. The single-story building, constructed in 1998, is classified as Class B and encompasses a total of 10,004 square feet. This particular suite, Suite 3, offers ample space with the added benefit of a partially finished basement accessible from inside the suite. The building features a total of 47 parking spaces for tenants and visitors. The suite itself benefits from a 9-foot ceiling height and a 200-amp power supply. The property sits on a 1.089-acre lot and is zoned B-2. The building consists of one building with a single story. The property's APN is B08-510-230407008000 and is located in Wood County. This is a multiple tenancy building with 1,400 square feet currently available for lease. This prime location and functional space make this an excellent opportunity for businesses seeking a well-appointed office environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Wood
    State
    Ohio
    Longitude
    -83.670954
    Latitude
    41.3730413

    Comparable in this City

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      Bowling Green, OH Executive Office Space
      1616 Wooster St, Bowling Green, OH 43402
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      Executive Office Suites, Bowling Green

      Modern Office Space, 4,500 SF Available
      440 Poe Rd, Bowling Green, OH 43402
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    • $6 SF/Yr
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      Prime Industrial/Office Space Available

      Versatile Executive Office & Warehouse Space
      326 Industrial Pkwy, Bowling Green, OH 43402
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    Similar Nearby for Sale

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      Land For Sale

      Land available for sale.
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      15 Acres of Farmland

      15-acre lot suitable for farmland or estate development.
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    Similar Nearby for Lease

    • $7 SF/Yr
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      Versatile Former Bank Building

      Adaptable space suitable for office or restaurant use.
      Bowling Green, OH 43402
      View Details
    • $10 SF/Yr
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      Prime Bowling Green Industrial/Office Space

      22,000 SF Available, Flexible Layouts
      300 Poe Rd, Bowling Green, OH 43402
      View Details
    • $7 SF/Yr
      30,000 SF

      Prime Bowling Green Office Space

      Historic building, flexible suites available
      130 Main St, Bowling Green, OH 43402
      View Details
    • $7 SF/Yr
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      Greenwood Center Office Suites

      Bowling Green, OH Executive Office Space
      1616 Wooster St, Bowling Green, OH 43402
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    • $4,200 /Mo
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      Prime Retail Space Available

      Retail space with high visibility and traffic in Bowling Green.
      1424 E Wooster St, Bowling Green, OH 43402
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      Executive Office Suites, Bowling Green

      Modern Office Space, 4,500 SF Available
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      View Details
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    Bowling Green, OH 43402
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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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