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    Property profile & analytics

    121 Sophia St Maumee, OH 43537-2164

    • Medical Office Space
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Dec 02, 2021
    $215,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1801414
    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

    • Shannon Roof Real Estate / Real Estate Agency
    • Berkshire Hathaway HomeServices Koehler Realty - Toledo Regional Office / Real Estate Agency
    • Letty Hawkins, REALTOR / Real Estate Agency
    • Solutions for Hair / Hair Salon
    • Solutions For Skin / Spa & Massage Center / Skin Care Clinic

    Property Details for 121 Sophia St

    Lot size
    0.12 lot acres
    Zone code
    16-C2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    36-06981
    APU
    3606981

    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
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6559
    Latitude
    41.5653
    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
    $1,099
    $8,190
    $0.00
    $8,190
    -
    $23,400
    $0.00
    $23,400

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      119 Clinton St

      MEDICAL BUILDING • 0.22 Acres
      119 Clinton St, Maumee, OH 43537-2811
      View Details
    • Value Estimation
      $2,565,000
      8,487 SF

      3509 Briarfield Blvd

      MEDICAL BUILDING • 8,487 SF
      3509 Briarfield Blvd, Maumee, OH 43537-9383
      View Details
    • Value Estimation by Request
      4,074 SF

      129 Clinton St

      MEDICAL BUILDING • 4,074 SF
      129 Clinton St, Maumee, OH 43537
      View Details
    • Value Estimation by Request
      2,974 SF

      526 Sophia St

      MEDICAL BUILDING • 2,974 SF
      526 Sophia St, Maumee, OH 43537-1848
      View Details
    • Value Estimation by Request
      2,798 SF

      4413 Keystone Dr

      MEDICAL BUILDING • 2,798 SF
      4413 Keystone Dr, Maumee, OH 43537-8705
      View Details
    • Value Estimation by Request
      2.11 Acres

      1432 Arrowhead Dr

      MEDICAL BUILDING • 2.11 Acres
      1432 Arrowhead Dr, Maumee, OH 43537-4016
      View Details

    Similar Nearby for Sale

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      Arrowhead Commons: Medical Office Building

      Maumee, OH Medical Office - For Sale
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      16,307 SF

      Maumee Medical Office Building

      16,000 SF medical office building for sale in Maumee.
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      Freestanding Office Building For Sale

      16,952 SF office building with a 5,000 SF meeting room.
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    • $499,000

      Maumee Office Building For Sale

      Two-story office building in Briarfield Business Park, Maumee.
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    • $1,450,000
      16,952 SF

      Maumee Executive Office Building

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    • $600,000

      Maumee Office Space Available

      Office space for sale in Maumee, Ohio.
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    Similar Nearby for Lease

    • $8 SF/Yr
      9,818 SF

      Maumee Office Building: Prime Location

      9,818 SF Office Space, Multiple Tenants
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    • $15 SF/Yr
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      Maumee Office Space for Lease

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      1684 Woodlands Dr, Maumee, OH 43537
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      3,400 SF

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      Medical suite featuring multiple exam rooms and office spaces.
      1655-1657 Holland Rd, Maumee, OH 43537
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    • Contact for pricing
      4,500 SF

      Well-Maintained Office in Business Park

      Office space for rent with quick highway and retail access.
      3410 Briarfield Blvd, Maumee, OH 43537
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    • Contact for pricing
      7,425 SF

      Arrowhead Business Park Office Space

      Office space in premiere Arrowhead Business Park, Maumee, OH.
      571 Longbow Dr, Maumee, OH 43537
      View Details
    • $11 SF/Yr
      23,920 SF

      Briarfield Business Center: Prime Retail Space

      High-traffic retail center; 5,120 sq ft available.
      3661 Briarfield Blvd, Maumee, OH 43537
      View Details
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    121 Sophia St
    Maumee, OH 43537-2164
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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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