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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2498 Bluestone Dr Findlay, OH 45840-7361

    • Office buildings
    • 12,056 SF
    • 1.69 lot acres
    OFF-MARKET
    Last Sale
    Jul 02, 2020
    $1,300,000
    Value Estimations
    $1,355,000
    Show details
    Cap Rate Potential
    8.3%
    Office buildings
    Location Intelligence
    Property ID
    US66-3150628
    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.

    Current Use by Public Records

    • Jonathan Brimley / Financial Consultant
    • Curtis Frisch / Financial Planner
    • Plumbline Consulting / Software Company / Corporate Office
    • Brimley & Frisch Wealth Management / Financial Planner
    • Savage and Associates - Findlay / Financial Institution / Insurance Broker

    Property Details for 2498 Bluestone Dr

    Year built
    2007
    Construction
    MIXED
    Lot size
    1.69 lot acres
    Property size
    12,056 SF
    Property type
    Office buildings
    APN
    630001021711
    APU
    630001021711

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,480,000
      ML approach
      $1,340,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,050,000
      6.5%
      $1,895,000
      7%
      $1,760,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,935,000
      Current use
      MEDICAL BUILDING
      $1,865,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Findlay
    County
    Hancock
    State
    Ohio
    Longitude
    -83.5938
    Latitude
    41.0615
    CBSA code
    22300
    CBSA name
    FINDLAY, OH MICROPOLITAN 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
    $17,229
    $58,180
    $372,210
    $430,390
    -
    $166,220
    $1,063,460
    $1,229,680

    Comparable in this City

    • Value Estimation
      $5,145,000
      24,352 SF

      Sandusky St

      OFFICE BUILDING (MULTI-STORY) • 24,352 SF
      Sandusky St, Findlay, OH 45840
      View Details
    • Value Estimation
      $600,000
      3,000 SF

      130 Sandusky St

      OFFICE BUILDING (MULTI-STORY) • 3,000 SF
      130 Sandusky St, Findlay, OH 45840-4902
      View Details
    • Value Estimation
      $765,000
      4,400 SF

      128 Frnt St

      OFFICE BUILDING • 4,400 SF
      128 Frnt St, Findlay, OH 45840-4813
      View Details
    • Value Estimation
      $4,430,000
      35,760 SF

      1100 Main Cross St

      OFFICE BUILDING • 35,760 SF
      1100 Main Cross St, Findlay, OH 45840-6381
      View Details
    • Value Estimation
      $585,000
      2,686 SF

      127 Main Cross St

      OFFICE BUILDING • 2,686 SF
      127 Main Cross St, Findlay, OH 45840-4816
      View Details
    • Value Estimation
      $2,160,000
      11,122 SF

      1000 Main Cross St

      OFFICE BUILDING • 11,122 SF
      1000 Main Cross St, Findlay, OH 45840-6317
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      64 SF

      Findlay Office Cubicle Space

      Modern Shared Workspace, Month-to-Month Lease
      323 F, Findlay, OH 45840
      View Details
    • $279,900

      Office Space on Tiffin Avenue

      Office space in a great location, easily accessible from downtown.
      2135 Tiffin Ave, Findlay, OH 45840
      View Details
    • Contact for pricing
      64 SF

      Findlay Office Cubicle Space for Lease

      Modern Shared Workspace, Month-to-Month
      323 Main St, Findlay, OH 45840
      View Details
    • $39,900

      Findlay Residential Land - $39,900

      Prime Findlay land, R4 zoning, great investment.
      0 Park St, Findlay, OH 45840
      View Details
    • $165,900
      1.17 Acres

      Findlay Commercial Land - $165,900

      1.17-Acre Commercial Lot, C2 Zoning
      0 Bright Rd, Findlay, OH 45840
      View Details
    • $208,000

      Commercial Land For Sale

      Commercial land available with all utilities on a corner lot.
      1727 Romick Pkwy, Findlay, OH 45840
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      23,709 SF

      Patriot Plaza: Findlay Office Space

      Findlay Office Suites - 3,000 sq ft Available
      7521 Patriot Dr, Findlay, OH 45840
      View Details
    • $525 /Mo

      Office Space on Tiffin Avenue

      Office space for lease in multi-tenant building on Tiffin Ave.
      1655 Tiffin Ave, Findlay, OH 45840
      View Details
    • $8 SF/Yr
      48,250 SF

      Findlay Warehouse: Broad Ave Opportunity

      1,400 SF Office/Warehouse Space Available
      1331 Broad Ave, Findlay, OH 45840
      View Details
    • $11,011 /Mo

      Move-in Ready First-Floor Office Space

      Furnished office space with shared amenities and ample parking.
      2498 Bluestone Dr, Findlay, OH 45840
      View Details
    • Contact for pricing
      225,000 SF

      Findlay Industrial Build-to-Suit

      225,000 SF Manufacturing/Warehouse
      0 Us Rt 224, Findlay, OH 45840
      View Details
    • $7 SF/Yr
      18,000 SF

      Modern Manufacturing Facility For Lease

      State-of-the-art manufacturing facility with modern office space available for lease.
      120 Bentley Ct, Findlay, OH 45840
      View Details
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    Findlay, OH 45840-7361
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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.

    More about this property
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