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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Manufacturing properties
28663 Glenwood Rd Perrysburg, OH 43551-3011
Entity Owned
Absentee Owner
Free & Clear
Property ID
US66-0530739
Property summary
AI-generated overview
This exceptional industrial warehouse property, located at 28663 Glenwood Road in Perrysburg, Ohio, offers a total of 24,500 square feet of space for lease. The property sits on a generous 4.95-acre lot and features two suites, with a minimum divisible space of 12,000 square feet and a maximum contiguous space of 12,500 square feet. Currently, the entire 24,500 square feet is vacant and ready for immediate occupancy. Built in 1970, this single-story warehouse boasts ceiling heights ranging from 14 to 22 feet, providing ample vertical space for various industrial uses. The property is zoned for General Industrial use and features a robust power supply of 600 amps/480 volts. Parking is readily available in a newly paved asphalt lot. The property's convenient location is enhanced by its proximity to State Route 795, offering easy access to major transportation routes. The property's APN is P57-300-350301038000
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
2.29 ac (99,752 SF)
APN
P57-300-3503-01-038.000
UPID
US66-0530739
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
-
Ashur Inc. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
R L Wurz Company
R L Wurz Company
since 2026
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Perrysburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perrysburg 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
$825,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $600k (Jun 27 2022)
Last sale anchor
$600k
Jun 27 2022
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
—
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
$1,663
Tax year 2023
Assessed value
$19,250
Assessed 2023
Previous assessed
$17,640
+9.1% YoY
Effective rate
8.64%
On assessed value
Assessed land
$19,250
Land market value
$55,000
Total market value
$55,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Lot
2.29 ac (99,752 SF)
APN
P57-300-3503-01-038.000
UPID
US66-0530739
Jurisdiction
WOOD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
2.29 ac
Current owner
From public records · entity-resolved
R L Wurz Company
Entity
Free & Clear · 0 yrs held
Mailing address
445 E WOOSTER ST, BOWLING GREEN, OH 43402-2927
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
$1,000,000
R L Wurz Company
Colombos Charitable Foundation
Warranty Deed
—
May 8, 2024
—
Colombos Charitable Foundation
—
Deed
related
$452,836 · Civista Bank
Jul 27, 2023
$600,000
Colombos Charitable Foundation
28663 Glenwood LLC
Warranty Deed
—
Jun 27, 2022
$350,000
28663 Glenwood LLC
Michael R King
Fiduciary Deed
—
Jun 25, 2012
—
King,john J Tr
Ashur Realty LLC
Warranty Deed
—
Mar 12, 2009
—
Ashur Realty LLC
King,john J
Warranty Deed
—
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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