Property profile

1624 Michigan Ave Maumee, OH 43537

FOR SALE
Apartment buildings
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Property ID
US66-6244336
4,872 SF 0.55 ac Built 1964
Last sale Dec 2016·$895,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$121k
Assessed land$8k
Assessed improvement$112k
Effective rate10.69%

Value estimate

· Nov 2026
$240k
$216k – $264k
AI approach$240k
NOI build-up
Gross scheduled income$227k
Vacancy & credit loss−$17k
Operating expenses−$95k
NOI · 7.05% cap applied$116k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$40/SF
County average, outlier-cleaned · 388 recorded sales of this use type
Observed band · Q1–Q3$24 – $61
Qualifying comparables3

Cap rate analysis

How does the asset earn?
7.05%
$116k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
16-R3
JurisdictionLUCAS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency43.1
Law Firm38.8
Restaurant33.5

Location

1624 Michigan Ave Maumee, OH 43537
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
917 Hubbel, Maumee, OH 43537-3527 $280,000 Jul 2025 2,806 SF
605 Wayne, Maumee, OH 43537-2098 $450,000 Jun 2024 6,410 SF
136 Wayne, Maumee, OH 43537-2151 $670,000 Jan 2022 8,186 SF
225 Wayne, Maumee, OH 43537-2063 $200,000 Sep 2021 3,672 SF
118 Broadway, Maumee, OH 43537-3389 $185,500 Jan 2021 6,332 SF
1815 Key, Maumee, OH 43537-2442 $400,000 Dec 2020 6,728 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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