Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3454 Oak Alley Ct Toledo, OH 43606
    Back to Search
    Property profile & analytics

    3454 Oak Alley Ct, Toledo, OH 43606

    View on Map
    • Office buildings
    • 57,500 SF
    • 1.89 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    West Toledo Professional Office Space For Lease
    $10 SF/Yr
    1,871 SF

    West Toledo Professional Office Space

    Professional office suites available in West Toledo, ranging from 770-1,871SF.

    3454 Oak Alley Ct, Toledo, OH 43606
    View Listing
    Property ID
    US66-0961901
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Linda Ott, ND, CNHP / Weight Loss Service / Doctor
    • Denis J. Lynch, PhD / Physician / Medical Clinic
    • Nancy Harshman & Associates / Physician / Medical Clinic
    • Drescher and Associates Clinical Services, LLC / Physician / Medical Clinic
    • Fortener Roger PHD / Physician / Medical Clinic

    Property Details for 3454 Oak Alley Ct

    Year built
    1987
    Lot size
    1.89 lot acres
    Zone code
    10-CO
    Property type
    Office buildings
    APN
    23-73961
    APU
    2373961

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 12, 2025 — 3454 Oak Alley LLC Jpm Holdings LLC Warranty Deed $2.4M · Signature Bank NA
    Feb 14, 2006 — Jpm Holdings LLC Schwerkoske Family Partnership Ltd Warranty Deed —

    Description

    This exceptional five-story, 57,500-square-foot Class B office building, situated on a 1.97-acre lot at 3454 Oak Alley Court in West Toledo's Westgate submarket, offers a diverse range of flexible office spaces. Built in 1987 and extensively renovated in 2023, the property boasts 23 suites, ranging from a minimum of 535 square feet to a maximum contiguous space of 2,205 square feet. Currently, 6,152 square feet of space is available for lease. The building features convenient amenities including 160 parking spaces, elevators, and varying ceiling heights from 8 to 9 feet. Suite sizes and configurations are highly adaptable to suit various business needs, with several options including medical, traditional, and creative office layouts. Several available suites feature private entrances, balconies, multiple offices, exam rooms, procedure rooms, waiting areas, and kitchenettes. The property's zoning is C-O, and its location offers easy access to Executive Pkwy. The Lucas County address (43606) provides a prime location within the West Toledo business district. This is an excellent opportunity to secure modern, well-maintained office space in a thriving area. Contact us today to explore leasing options and discover the perfect fit for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,296,000
      Market price range: $1.82M - $6.16M
      AI Estimate
      $3,840,000
      Market price range: $1.57M - $7.02M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,645,000
      Current use
      MEDICAL BUILDING
      $4,260,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,150,000
      Change: +14% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,055,000
      Change: +11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,505,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6283
    Latitude
    41.6842
    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
    $85,710
    $141,995
    $759,255
    $901,250
    -
    $405,700
    $2,169,300
    $2,575,000

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      2002 Central Ave

      OFFICE BUILDING
      2002 Central Ave, Toledo, OH 43606
      View Details
    • Value Estimation by Request
      0.07 Acres

      4167 Monroe St

      OFFICE BUILDING
      4167 Monroe St, Toledo, OH 43606
      View Details
    • Value Estimation by Request
      14,172 SF

      4271 Monroe St

      OFFICE BUILDING
      4271 Monroe St, Toledo, OH 43606-1943
      View Details
    • Value Estimation by Request
      10,700 SF

      4349 Monroe St

      OFFICE BUILDING
      4349 Monroe St, Toledo, OH 43606-1958
      View Details
    • Value Estimation
      $550,000
      4,900 SF

      3443 Secor Rd

      OFFICE BUILDING
      3443 Secor Rd, Toledo, OH 43606-1543
      View Details
    • Value Estimation by Request
      3,100 SF

      3533 Monroe St

      OFFICE BUILDING
      3533 Monroe St, Toledo, OH 43606-4115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      105,674 SF

      Executive Building Office Space Available

      Office spaces for lease in Toledo's Westgate area.
      3103 Executive Pkwy, Toledo, OH 43606
      View Details
    • $3,995,000

      Toledo Westgate Area Office Building

      Seven-story office building for sale or lease in Toledo.
      3103 Executive Pkwy, Toledo, OH 43606
      View Details
    • Contact for pricing
      34,344 SF

      Well-Maintained Office Building For Sale

      Professionally managed office building with long-term tenants and excellent exposure.
      3131 Executive Pkwy, Toledo, OH 43606
      View Details
    • $375,000

      Established Car Wash Business Opportunity

      Operating car wash with automatic and self-service bays for sale.
      2812 Douglas Rd, Toledo, OH 43606
      View Details
    • Contact for pricing
      12,846 SF

      Connected Warehouse Space Near UT

      12,846 SF connected warehouse space near University of Toledo.
      3164 Bellevue Rd, Toledo, OH 43606
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Toledo Westgate Area Office Building

      Seven-story office building in Toledo's Westgate area for sale/lease.
      3103 Executive Pkwy, Toledo, OH 43606
      View Details
    • Contact for pricing
      955 SF

      Office Space with Treatment Rooms

      Office unit featuring treatment rooms, waiting area, and break room.
      3454 Oak Alley Ct, Toledo, OH 43606
      View Details
    • Contact for pricing
      265 SF

      Furnished Office Space Available

      Furnished office space with utilities and internet included for rent.
      3130 Executive Pkwy, Toledo, OH 43606
      View Details
    • Contact for pricing
      574 SF

      Professionally Maintained Office Space Available

      Full-service lease near University of Toledo and Toledo Hospital.
      3100 W Central Ave, Toledo, OH 43606
      View Details
    • Contact for pricing

      West Toledo Professional Office Space

      Professional office suites available in West Toledo, ranging from 770-1,871SF.
      3454 Oak Alley Ct, Toledo, OH 43606
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3454 Oak Alley Ct
    Toledo, OH 43606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3454 Oak Alley Ct, Toledo, OH, 43606
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!