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Property profile & analytics
FOR SALE
Office buildings
1745 Indian Wood Cir Maumee, OH 43537
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1388204
For Sale
Contact for pricing
1745 Indian Wood Cir, Maumee, OH 43537
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
30,916 SF
Lot
1.6 ac (69,600 SF)
Zoning code
16-CM
APN
37-00701
UPID
US66-1388204
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ohio Digital Learning School High School
-
First Financial Group of Ohio Financial Advisor
-
Patton Wealth Management Financial Advisor
-
Mansour Wealth Management Financial Advisor
-
World Financial Group: Bannister Irshad Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.20M
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$3.30M
Owner & transaction history
Bell Building LLC · 1 yrs held
Bell Building LLC
since 2025
1 recorded transaction
Zoning & alternative use
16-CM · Maumee, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Division | Maumee, OH
Top alternative use upside
Retail stores
$5.4M
+133.0%
Restaurant
$4.4M
+92.4%
Medical building
$3.1M
+35.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Maumee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maumee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,545,000
6.5%
$4,195,000
7%
$3,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,310,000
Current use
RETAIL STORES
$5,385,000
Change: +133% · Conversion: Moderate
RESTAURANT
$4,445,000
Change: +92% · Conversion: Moderate
MEDICAL BUILDING
$3,130,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,505,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,265,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,995,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$107 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$71,201
Tax year 2023
Assessed value
$860,090
Assessed 2023
Previous assessed
$860,090
+0.0% YoY
Effective rate
8.28%
On assessed value
Assessed land
$25,200
Assessed improvement
$834,890
Land market value
$72,000
Improvement market value
$2,385,400
Total market value
$2,457,400
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1988
Heating
NONE
Stories
2
Total area
30,916 SF
Lot
1.6 ac (69,600 SF)
Zoning code
16-CM
APN
37-00701
UPID
US66-1388204
Jurisdiction
LUCAS
Zoning & alternative use
16-CM · Maumee, OHZoning 16-CM · permitted uses
16-CM · Maumee, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Division | Maumee, OH
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
RETAIL STORES
Est. value
$5.4M
RESTAURANT
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
2
Lot
1.6 ac
Current owner
From public records · entity-resolved
Bell Building LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1985, TOLEDO, OH 43603-1985
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
Bell Building LLC
Manhattan Building Company
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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