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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Office buildings
1745 Indian Wood Cir Maumee, OH 43537-4042
Entity Owned
Free & Clear
Property ID
US66-1912802
Property summary
AI-generated overview
This exceptional two-story office building, located at 1745 Indian Wood Circle in Maumee, Ohio, offers 42,000 square feet of prime office space. Built in 1988 and extensively renovated in 2020 (with a full HVAC upgrade completed in 2022), this Class A property boasts a desirable location within the Arrowhead Business Park. The building features a brick and steel construction, steam/radiant/forced air heating, and central air conditioning. Fire safety is ensured with a sprinkler system. The interior features concrete floors. Convenient elevator access is available in this two-story building situated on a 3.25-acre lot. Currently, multiple suites are available, ranging from 1,761 to 5,124 square feet, making it ideal for businesses of various sizes. The building is zoned CM and is part of a well-established business park. The common areas underwent a complete renovation in the spring of 2020, reflecting a commitment to providing a high-quality work environment. This property presents a unique opportunity for businesses seeking modern, well-maintained office space in a thriving location. The building has one structure.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
11,922 SF
Lot
1.57 ac (68,586 SF)
Zoning code
16-CM
APN
36-40961
UPID
US66-1912802
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
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.06M
Owner & transaction history
MANHATTAN BUILDING COMPANY AN OH CORP · 1 yrs held
MANHATTAN BUILDING COMPANY AN OH CORP
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
Restaurant
$1.7M
+92.4%
Medical building
$1.2M
+35.4%
Neighborhood: shopping center
$965,000
+8.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Current use
RESTAURANT
$1,715,000
Change: +92% · Conversion: Moderate
MEDICAL BUILDING
$1,205,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$965,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$875,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$89 / 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
$37,286
Tax year 2023
Assessed value
$347,480
Assessed 2023
Previous assessed
$347,480
+0.0% YoY
Effective rate
10.73%
On assessed value
Assessed land
$23,905
Assessed improvement
$323,575
Land market value
$68,300
Improvement market value
$924,500
Total market value
$992,800
Applied tax rate
36.0000
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
Off-Market
Year built
1988
Heating
NONE
Stories
2
Total area
11,922 SF
Lot
1.57 ac (68,586 SF)
Zoning code
16-CM
APN
36-40961
UPID
US66-1912802
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
$890,000
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$770,000
OFFICE BUILDING Current
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
1.57 ac
Current owner
From public records · entity-resolved
MANHATTAN BUILDING COMPANY AN OH CORP
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
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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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