2203 Riv Rd Maumee, OH 43537-3637
- Office buildings
- 5,160 SF
- 0.11 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2203 Riv Rd
- Year built
- 1999
- Lot size
- 0.11 lot acres
- Property size
- 5,160 SF
- Zone code
- 16-C1
- Property type
- Office buildings
- APN
- 36-20931
- APU
- 3620931
Description
This meticulously maintained, two-story executive office building in Maumee, Ohio, offers 5,160 square feet of well-appointed space. The impressive vaulted entryway leads to a functional layout including a large lobby/reception area, fifteen perimeter offices, a conference room, and a kitchen. Recent updates include new carpet, paint, lighting, LVT flooring, and LED lighting, along with a new rear exit door. Operable windows provide ample natural light. The property sits on a 0.36-acre lot and includes 24 parking spaces. Its convenient location offers easy access to downtown Toledo (7 minutes), major thoroughfares (5 minutes), and key highways: I-75 (5.19 miles), US-23/I-475 (3.79 miles), and I-80/90 (3.13 miles). The property features an irrigation system along the rear boundary. The building is zoned C-1. Furniture is available for separate purchase. This is an exceptional opportunity to acquire a turnkey executive office building in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $440,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $480,000
- Retail
- $450,000
- Mixed-Use
- $435,000
- Hospitality
- $480,000
- Educational
- $475,000
- Residential Income
- $365,000
- Energy
- $355,000
- Income-Based Land
- $395,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Maumee
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6242
- Latitude
- 41.5753
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA