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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1661 Holland Rd Maumee, OH 43537-4207

    • Medical offices
    • 16,307 SF
    • 2.31 lot acres
    OFF-MARKET
    Last Sale
    Aug 10, 2021
    Value Estimations
    $430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6050345
    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

    • Medical Service Company / Oxygen Equipment Supplier / Medical Equipment Supplier
    • Dean M. Bernardo MD / Intensivist / Internist
    • Daniel J. Pipoly MD / Pulmonologist / Intensivist
    • Karl S. Fernandes MD / Pulmonologist / Intensivist
    • Jamey J. Ruiz MD / Pulmonologist / Intensivist

    Property Details for 1661 Holland Rd

    Year built
    1987
    Lot size
    2.31 lot acres
    Property size
    16,307 SF
    Zone code
    16-CM
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    36-40825
    APU
    3640825

    Description

    This single-story, 16,307-square-foot Class B medical office building in Maumee, Ohio, presents a compelling investment opportunity. Located at 1661 Holland Rd, 43537, this property boasts a 2.33-acre lot and features a multi-tenant occupancy with five current tenants, currently at 51% occupancy. Built in 1987, the building is zoned 16-CM and offers ample parking with 97 surface spaces. Its strategic location provides excellent visibility and accessibility, situated just one mile from the Ohio Turnpike (I-80/I-90) and 1.5 miles from US-23/I-475, a corridor with over 100,000 vehicles per day. The property is also within minutes of major national retailers including Meijer, Kroger, Cracker Barrel, and Outback Steakhouse. This net lease investment offers potential for increased net operating income (NOI) through leasing up the currently available space. The property is a single building on a large lot, providing significant potential for future development or expansion. This is an excellent opportunity to acquire a well-located medical office building with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6779
    Latitude
    41.5889
    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
    $55,988
    $42,945
    $479,360
    $522,305
    -
    $122,700
    $1,369,600
    $1,492,300

    Comparable in this City

    • Value Estimation
      $250,000
      13.34 Acres

      5805 Monclova Rd

      MEDICAL BUILDING • 13.34 Acres
      5805 Monclova Rd, Maumee, OH 43537-1839
      View Details
    • Value Estimation
      $190,000
      0.12 Acres

      121 Sophia St

      MEDICAL BUILDING • 0.12 Acres
      121 Sophia St, Maumee, OH 43537-2164
      View Details
    • Value Estimation
      $5,690,000
      26,259 SF

      6005 Monclova Rd

      MEDICAL BUILDING • 26,259 SF
      6005 Monclova Rd, Maumee, OH 43537-1864
      View Details
    • Value Estimation
      $355,000
      12,902 SF

      1500 Holland Rd

      MEDICAL BUILDING • 12,902 SF
      1500 Holland Rd, Maumee, OH 43537-1619
      View Details
    • Value Estimation
      $360,000
      8,044 SF

      6020 Manley Rd

      MEDICAL BUILDING • 8,044 SF
      6020 Manley Rd, Maumee, OH 43537-1531
      View Details
    • Value Estimation
      $1,100,000
      8,460 SF

      3550 Briarfield Blvd

      MEDICAL BUILDING • 8,460 SF
      3550 Briarfield Blvd, Maumee, OH 43537-8916
      View Details

    Similar Nearby for Sale

    • $600,000

      Arrowhead Commons: Medical Office Building

      Maumee, OH Medical Office - For Sale
      1615 Holland Rd, Maumee, OH 43537
      View Details
    • Contact for pricing
      16,307 SF

      Maumee Medical Office Building

      16,000 SF medical office building for sale in Maumee.
      1661 Holland Rd, Maumee, OH 43537
      View Details
    • $299,900
      1,213 SF

      Established Medical Office Investment

      Leased medical office building near Uptown Maumee.
      118 E Indiana Ave, Maumee, OH 43537
      View Details
    • $2,500,000
      42,000 SF

      Maumee Office Building: $2.5M

      Prime Maumee office space, 42,000 sq ft.
      1745 Indian Wood Cir, Maumee, OH 43537
      View Details
    • $325,000
      4,550 SF

      Arrowhead Commons Executive Office

      Maumee, OH Office Condo - $325K
      1605 Perrysburg Holland Rd, Maumee, OH 43537
      View Details
    • $875,000
      3,793 SF

      Renovated Office Building For Sale

      11,960 SF office building, renovated in 2022, 75% occupied.
      1613 Henthorne Dr, Maumee, OH 43537
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      9,818 SF

      Maumee Office Building: Prime Location

      9,818 SF Office Space, Multiple Tenants
      1574 Henthorne Dr, Maumee, OH 43537
      View Details
    • $15 SF/Yr
      68,093 SF

      Maumee Office Space for Lease

      Class A office, wooded setting, flexible suites.
      1684 Woodlands Dr, Maumee, OH 43537
      View Details
    • $14 SF/Yr
      3,400 SF

      Medical Suite in Arrowhead Park

      Medical suite featuring multiple exam rooms and office spaces.
      1655-1657 Holland Rd, Maumee, OH 43537
      View Details
    • $20 SF/Yr
      54,740 SF

      Maumee Office Building - 54,740 SF

      Traditional office space, multiple tenants, prime location.
      1695 Indian Wood Cir, 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
    • $17 SF/Yr
      9,731 SF

      Class A Office Space Available

      Class A office space in a beautiful wooded setting.
      1771 Indian Wood Cir, Maumee, OH 43537
      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.
    1661 Holland Rd
    Maumee, OH 43537-4207
    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.