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    3653 Albon Rd Maumee, OH 43537
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    3653 Albon Rd, Maumee, OH 43537

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    • Commercial real estate
    • 2.63 lot acres
    For Sale
    $500,000
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    Commercial Land at Growing Corridor For Sale
    $500,000
    2.63 Acres

    Commercial Land at Growing Corridor

    Two-acre commercial land with utilities in a rapidly growing area.

    3653 Albon Rd, Maumee, OH
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    Property ID
    US66-0238033
    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

    • Commercial real estate

    Property Details for 3653 Albon Rd

    Lot size
    2.63 lot acres
    Property type
    Commercial real estate
    APN
    38-23404 and 38-23690

    Description

    This exceptional 2.63-acre commercial land parcel is ideally situated at the northeast corner of Maumee-Western Road and Albon Road in Maumee, Ohio (Lucas County, zip code 43537). Zoned for commercial use by Monclova Township, this property boasts immediate access to all utilities

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.73622
    Latitude
    41.574547

    Comparable in this City

    • Contact for pricing

      Land For Sale

      Land available for sale.
      4802 Jerome Rd, Maumee, OH 43537
      View Details
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      Development Acreage at Tollgate Dr

      Prime commercial land for development with use restrictions.
      1650 Toll Gate Dr, Maumee, OH 43537
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      Wooded Land Parcel For Sale

      3.18 acres of wooded land with ravine.
      7065 Maumee Western County Rd, Maumee, OH 43537
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      8.25 Acres Commercial Land Available

      Commercial land for sale at Route 20A and Albon Road.
      8061 Maumee Western Rd, Maumee, OH 43537
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      Land Near Arrowhead Business Park

      Commercial land near business park and approved interchange.
      702-710 Illinois Ave, Maumee, OH 43537
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    Similar Nearby for Sale

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      Land For Sale

      Land available for sale.
      4802 Jerome Rd, Maumee, OH 43537
      View Details
    • Contact for pricing

      Development Acreage at Tollgate Dr

      Prime commercial land for development with use restrictions.
      1650 Toll Gate Dr, Maumee, OH 43537
      View Details
    • Contact for pricing

      Wooded Land Parcel For Sale

      3.18 acres of wooded land with ravine.
      7065 Maumee Western County Rd, Maumee, OH 43537
      View Details
    • Contact for pricing

      8.25 Acres Commercial Land Available

      Commercial land for sale at Route 20A and Albon Road.
      8061 Maumee Western Rd, Maumee, OH 43537
      View Details
    • Contact for pricing

      Land Near Arrowhead Business Park

      Commercial land near business park and approved interchange.
      702-710 Illinois Ave, Maumee, OH 43537
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Future Development

      Land available for rent, ideal for future development.
      Russell Rd, Maumee, OH 43537
      View Details
    • Contact for pricing

      Industrial Land at Technology Drive

      M-1 zoned land at the gateway of industrial park.
      3739 Briarfield Blvd, Maumee, OH 43537
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    • Contact for pricing

      Land for Future Development

      Commercial land available for rent near US Route 24.
      Russell Rd, Maumee, OH 43537
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    • Contact for pricing

      Office Space in Park-Like Setting

      Office property in The Woodlands with a park-like setting.
      1695 Indian Wood Cir, Maumee, OH 43537
      View Details
    • Contact for pricing
      9,600 SF

      Well-Maintained Warehouse with Drive-Thru Bay

      Clean warehouse with multiple overhead doors and easy highway access.
      460 W Dussel Dr, Maumee, OH 43537
      View Details
    • Contact for pricing
      3,400 SF

      Medical Suite in Arrowhead Park

      Medical suite featuring multiple exam rooms and office spaces.
      1655-1657 Holland Rd, Maumee, OH 43537
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    View Listing
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    Maumee, OH 43537
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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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