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Property profile & analytics
OFF-MARKET
Estimated value
$3,360,000
Office buildings
1800 Indian Wood Cir Maumee, OH 43537-4037
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1895182
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
42,100 SF
Lot
4.5 ac (196,020 SF)
Zoning code
16-CM
APN
36-40885
UPID
US66-1895182
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
-
The Mannik & Smith Group Inc Land Surveyor Structural Engineer
-
Aerotek Employment Agency
-
Actalent Employment Consultant Business To Business Service
-
Aston Carter Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$3.36M
Owner & transaction history
Walbrdige Coating Property LLC · 6 yrs held
Walbrdige Coating Property LLC
since 2020
Last sale
$3.4M
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
Medical building
$4.3M
+35.4%
Neighborhood: shopping center
$3.4M
+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
$2,525,000
ML approach
$2,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,145,000
Current use
MEDICAL BUILDING
$4,260,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,415,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,080,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,715,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±10% · vs last sale $3.40M (Jan 13 2020)
Last sale anchor
$3.40M
Jan 13 2020
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
$80 / 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
$147,253
Tax year 2023
Assessed value
$1,379,490
Assessed 2023
Previous assessed
$1,379,490
+0.0% YoY
Effective rate
10.67%
On assessed value
Assessed land
$98,420
Assessed improvement
$1,281,070
Land market value
$281,200
Improvement market value
$3,660,200
Total market value
$3,941,400
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
1994
Heating
NONE
Stories
1
Total area
42,100 SF
Lot
4.5 ac (196,020 SF)
Zoning code
16-CM
APN
36-40885
UPID
US66-1895182
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
$3.1M
MEDICAL BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.7M
OFFICE BUILDING Current
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
1994
Heating
NONE
Stories
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Walbrdige Coating Property LLC
Entity
Mailing address
8205 FREMONT PIKE, PERRYSBURG, OH 43551-9705
Ownership since
2020
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 13, 2020
$3,400,000
Walbrdige Coating Property LLC
Antea LLC
Warranty Deed
$4,480,000 · Waterford Bank NA
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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