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    Property profile & analytics

    2735 Navarre Ave Oregon, OH 43616

    • Office Properties & Spaces
    • 1,208 SF
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0251404
    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

    • Office Properties & Spaces

    Property Details for 2735 Navarre Ave

    Year built
    1981
    Property size
    1,208 SF
    Property type
    Office Properties & Spaces
    APN
    44-91373
    APU
    4491373

    Description

    This single-story, 1,250-square-foot medical office condominium is located at 2735 Navarre Avenue in Oregon, Ohio, 43616. Built in 1981, the property sits on a spacious 97,910-square-foot lot and is currently vacant. The building is a single unit within a condominium association responsible for most exterior maintenance, minimizing owner responsibilities. The property is zoned as "Not Zoned," according to Lucas County records (APN: 44-91381). This presents a unique opportunity for a medical professional or investor seeking a turnkey solution in a thriving area. The entire 1,250 square feet is available for immediate occupancy, offering flexibility for various medical or office uses. The property's location in Oregon, Ohio, provides convenient access to local amenities and a strong patient base. This is an ideal investment for those seeking a low-maintenance, high-potential property with significant upside. The property's size and location make it suitable for a variety of medical practices or office uses. The single-unit nature of the building simplifies ownership and management. This is a rare opportunity to acquire a well-located, affordable medical office space in a desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oregon
    County
    Lucas
    State
    Ohio
    Longitude
    -83.4828
    Latitude
    41.6376
    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
    $874
    $9,275
    $875
    $10,150
    -
    $26,500
    $2,500
    $29,000

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

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      Office Properties & Spaces • 7,200 SF
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    • Value Estimation by Request
      1,080 SF

      2735 Navarre Ave, Unit 202

      CONDOMINIUM OFFICES • 1,080 SF
      2735 Navarre Ave, Oregon, OH 43616-3275
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    • Value Estimation by Request
      2,279 SF

      920 Isaac Sts Dr, Unit 2100

      CONDOMINIUM OFFICES • 2,279 SF
      920 Isaac Sts Dr, Oregon, OH 43616
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    • Value Estimation by Request
      1,000 SF

      860 Ansonia St Ste 12a

      CONDOMINIUM OFFICES • 1,000 SF
      860 Ansonia St Ste 12a, Oregon, OH 43616-3187
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    • Value Estimation by Request
      1,080 SF

      2735 Navarre Ave, Unit 405

      CONDOMINIUM OFFICES • 1,080 SF
      2735 Navarre Ave, Oregon, OH 43616-3275
      View Details
    • Value Estimation by Request
      1,849 SF

      920 Isaac Sts Dr, Unit 1600

      CONDOMINIUM OFFICES • 1,849 SF
      920 Isaac Sts Dr, Oregon, OH 43616
      View Details

    Similar Nearby for Sale

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      Medical Office Building for Sale

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    • $65,000
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      Prime Medical Office Condo in Oregon, OH

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    • $199,900
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    • $199,900
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      Medical Office Condo Near Hospital

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    Similar Nearby for Lease

    • $14,400 /Mo
      7,200 SF

      Navarre Ave Office Space For Lease

      1,000 SF Office, Prime Oregon Location
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    • $8 SF/Yr
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      Executive Office Suite in Oregon, OH

      Prime Office Space Available - 2,376 sq ft
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    • $8 SF/Yr
      11,050 SF

      2295 Starr Ave

      Office Properties & Spaces • 11,050 SF
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    • $12 SF/Yr
      1,250 SF

      Oregon Medical Office Condo

      1,250 SF Medical Office - For Sale or Lease
      2735 Navarre Ave, Oregon, OH 43616
      View Details
    • $10 SF/Yr
      39,457 SF

      Prime Oregon Medical Office Space

      4,620 SF Medical Office for Lease
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • Contact for pricing
      33,977 SF

      Prime Oregon Commercial Land

      0.78-acre lot, General Commercial zoning.
      3232 Navarre Ave, Oregon, OH 43616
      View Details
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    Oregon, OH 43616
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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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