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    196 Dussel Dr Maumee, OH 43537-1623
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    Property profile & analytics

    196 Dussel Dr, Maumee, OH 43537-1623

    View on Map
    • Grocery and convenience stores
    • 93,531 SF
    • 13.32 lot acres
    Off-Market
    Last Sale May 7, 2020
    Property ID
    US66-2499087
    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.
    Value Estimations
    $12,540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dumpster Rentals Maumee OH / Corporate Office
    • Fifth Third Bank & ATM / Bank / Loan Service
    • Kroger Curbside Pickup - Conant St / Grocery & Convenience Store / Food Market

    Property Details for 196 Dussel Dr

    Year built
    2013
    Lot size
    13.32 lot acres
    Zone code
    16-C2
    Property type
    Grocery and convenience stores
    APN
    36-00561
    APU
    3600561

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 10, 2023 $2,150,600 Jhs Dussel LLC Dussel Partners LLC Re-recorded Document · related —
    May 3, 2023 — Dussel Partners LLC Dussel Partners LLC Deed · related —
    Nov 28, 2022 — Fifth Third Bank National Associati Dussel Partners LLC Deed · related —
    Jun 24, 2022 — Dussel Partners LLC — Deed · related $1.4M · The Farmers & Merchants State Bank
    May 7, 2020 — Kroger Co The Kroger Co Quit Claim Deed —
    Nov 21, 2012 $3,275,000 Kroger Co Car-bet INC Warranty Deed —
    Jan 19, 2005 — Schmidt Daily Rental INC — Trustees Deed · related $1.7M · Fifth Third Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,105,000
      6.5%
      $10,250,000
      7%
      $9,520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,803,000
      Market price range: $3.83M - $13.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $16,285,000
      Current use
      RESTAURANT
      $13,455,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6667
    Latitude
    41.5842
    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
    $265,396
    $985,565
    $1,495,935
    $2,481,500
    -
    $2,815,900
    $4,274,100
    $7,090,000

    Comparable in this City

    • Value Estimation
      $3,135,000
      21,132 SF

      3320 Briarfield Blvd

      GROCERY, SUPERMARKET
      3320 Briarfield Blvd, Maumee, OH 43537-9502
      View Details
    • Value Estimation by Request
      3,108 SF

      917 Conant St

      Individual retail properties
      917 Conant St, Maumee, OH 43537
      View Details
    • Value Estimation by Request
      2,000 SF

      701 Conant St

      RETAIL STORES (PERSONAL SERVICES)
      701 Conant St, Maumee, OH 43537-2900
      View Details
    • Value Estimation by Request
      9,150 SF

      409 Conant St

      FINANCIAL BUILDING
      409 Conant St, Maumee, OH 43537-3359
      View Details
    • Value Estimation
      $970,000
      10,260 SF

      721 Frd St

      RETAIL STORES (PERSONAL SERVICES)
      721 Frd St, Maumee, OH 43537-1813
      View Details
    • Value Estimation
      $525,000
      5,540 SF

      1561 Henthorne Dr

      RETAIL STORES (PERSONAL SERVICES)
      1561 Henthorne Dr, Maumee, OH 43537-1372
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Arrowhead Park Retail Space

      Retail space available in Arrowhead Park.
      1470 Ford St, Maumee, OH 43537
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      31,010 SF

      Retail Space For Sale

      Retail space available for purchase.
      1412 S Reynolds Rd, Maumee, OH 43537
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      4,874 SF

      Retail Space for Sale

      Retail space available for purchase.
      705-713 Conant St, Maumee, OH 43537
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      Retail Opportunity on River Road

      Retail property for sale on River Road.
      301 River Rd, Maumee, OH 43537
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      11,280 SF

      Uptown Maumee Mixed-Use Property

      Mixed-use property in Uptown Maumee with modern access.
      122 W Wayne St, Maumee, OH 43537
      View Details
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      Commercial Land with Highway Access

      Commercial land with high traffic volume and highway accessibility.
      Briarfield Blvd & 20A, Maumee, OH 43537
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    Similar Nearby for Lease

    • Contact for pricing
      1,384 SF

      Retail Space Near US Route

      Retail space for lease, approximately 11 miles from Toledo.
      3100 Russell Rd, Maumee, OH 43537
      View Details
    • Contact for pricing
      1,945 SF

      Retail Space in Busy Center

      Retail suite in a busy strip center with frontage.
      300-342 W Dussel Dr, Maumee, OH 43537
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Maumee, OH

      Retail space available for lease in Maumee, Ohio.
      2509-2584 Parkway Plz, Maumee, OH 43537
      View Details
    • Contact for pricing
      3,340 SF

      Retail Space at Arrowhead Park

      Retail space available at a busy intersection in Arrowhead Park.
      425-491 W Dussel Dr, Maumee, OH 43537
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Maumee, Ohio.
      Briarfield Blvd, Maumee, OH 43537
      View Details
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    Maumee, OH 43537-1623
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    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.

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