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

    3455 Strayer Rd Maumee, OH 43537-9533

    • Office buildings
    • 4,795 SF
    • 1.87 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2025
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    7%
    Office buildings
    Location Intelligence
    Property ID
    US66-1182637
    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 buildings

    Property Details for 3455 Strayer Rd

    Year built
    1993
    Lot size
    1.87 lot acres
    Property size
    4,795 SF
    Zone code
    17-R1
    Property type
    Office buildings
    APN
    38-51207
    APU
    3851207

    Description

    This exceptional 4,795 square foot, single-story medical office building is situated on a 1.66-acre lot at 3455 Strayer Road in Maumee, Ohio (Lucas County, zip code 43537). Built in 1993 and extensively renovated in 2024, this Class B property offers a turnkey solution for various medical or general office uses. The building features seven perimeter offices, a reception area, ADA-compliant restrooms, a shower, a kitchen, a large meeting room/collaboration area, and ample parking (15 spaces). The property boasts a secluded wooded setting, conveniently located minutes from the US-23/I-475 Dussel Interchange. Fire suppression systems are in place. The building has been approved for outpatient treatment and currently houses counseling/psychological services, but could easily be adapted for general office use. Additional features include an enclosed patio area and excess land. The asking price is $630,000 ($131.39/sq ft). The property is zoned C-1 Neighborhood Commercial District and has an APN of 3851207.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000
      ML approach
      $605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $705,000
      6.5%
      $650,000
      7%
      $605,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $473,000
      Market price range: $242k - $473k
      AI Estimate
      $463,000
      Market price range: $114k - $464k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $835,000
      MEDICAL BUILDING
      $485,000
      NEIGHBORHOOD: SHOPPING CENTER
      $390,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7029
    Latitude
    41.5776
    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
    $11,611
    $17,885
    $134,960
    $152,845
    -
    $51,100
    $385,600
    $436,700

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

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      View Details
    • Value Estimation
      $2,420,000
      1.06 Acres

      1789 Indian Wood Cir

      OFFICE BUILDING • 1.06 Acres
      1789 Indian Wood Cir, Maumee, OH 43537-4096
      View Details
    • Value Estimation by Request
      8,048 SF

      819 Kingsbury St

      OFFICE BUILDING • 8,048 SF
      819 Kingsbury St, Maumee, OH 43537-1861
      View Details
    • Value Estimation
      $1,375,000
      16,800 SF

      1760 Manley Rd

      OFFICE BUILDING • 16,800 SF
      1760 Manley Rd, Maumee, OH 43537-9400
      View Details
    • Value Estimation by Request
      3,080 SF

      2015 Riv Rd

      OFFICE BUILDING • 3,080 SF
      2015 Riv Rd, Maumee, OH 43537
      View Details
    • Value Estimation by Request
      1,936 SF

      118 Wayne St

      OFFICE BUILDING • 1,936 SF
      118 Wayne St, Maumee, OH 43537-2151
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Renovated Office Building For Sale

      11,960 SF office building, renovated in 2022, 75% occupied.
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      16,952 SF office building with a 5,000 SF meeting room.
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    • $499,000
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      Maumee Office Building For Sale

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      Office building in premier Toledo office development near major highways.
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    Similar Nearby for Lease

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      9,818 SF

      Maumee Office Building: Prime Location

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    • $20 SF/Yr
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      Maumee Office Building - 54,740 SF

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    • $11 SF/Yr
      23,920 SF

      Briarfield Business Center: Prime Retail Space

      High-traffic retail center; 5,120 sq ft available.
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    • Contact for pricing
      7,425 SF

      Arrowhead Business Park Office Space

      Office space in premiere Arrowhead Business Park, Maumee, OH.
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      Well-Maintained Office in Business Park

      Office space for rent with quick highway and retail access.
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    • $15 SF/Yr
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      Executive Suites, Maumee, Ohio. Prime Location.
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      View Details
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    3455 Strayer Rd
    Maumee, OH 43537-9533
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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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