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

    516 Conant St Maumee, OH 43537

    • Banks
    • 3,200 SF
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    Jun 06, 2023
    $425,000
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2015423
    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

    • Banks

    Property Details for 516 Conant St

    Year built
    1983
    Lot size
    0.27 lot acres
    Property size
    3,200 SF
    Zone code
    16-C3
    Property type
    Banks
    APN
    36-06924
    APU
    3606924

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $475,000
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $408,000
      Market price range: $169k - $723k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $365,000
      Current use
      RETAIL STORES
      $555,000
      Change: +53% Conversion: Difficult
      MEDICAL BUILDING
      $325,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6545
    Latitude
    41.5646
    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
    $13,581
    $9,135
    $111,895
    $121,030
    -
    $26,100
    $319,700
    $345,800

    Comparable in this City

    • Value Estimation
      $225,000
      0.14 Acres

      111 Dudley St

      FINANCIAL BUILDING • 0.14 Acres
      111 Dudley St, Maumee, OH 43537-2140
      View Details
    • Value Estimation
      $2,410,000
      3,506 SF

      196 Dussel Dr

      FINANCIAL BUILDING • 3,506 SF
      196 Dussel Dr, Maumee, OH 43537-1623
      View Details
    • Value Estimation
      $425,000
      17,388 SF

      1340 Arrowhead Dr

      FINANCIAL BUILDING • 17,388 SF
      1340 Arrowhead Dr, Maumee, OH 43537-1728
      View Details
    • Value Estimation
      $375,000
      8,476 SF

      1688 Woodlands Dr

      FINANCIAL BUILDING • 8,476 SF
      1688 Woodlands Dr, Maumee, OH 43537-4019
      View Details
    • Value Estimation
      $460,000
      9,150 SF

      409 Conant St

      FINANCIAL BUILDING • 9,150 SF
      409 Conant St, Maumee, OH 43537-3359
      View Details
    • Value Estimation
      $445,000
      2,604 SF

      1676 Lance Pointe Rd

      FINANCIAL BUILDING • 2,604 SF
      1676 Lance Pointe Rd, Maumee, OH 43537
      View Details

    Similar Nearby for Sale

    • $350,000
      4,874 SF

      Maumee Retail Building - $350K

      Prime Maumee storefront, ample parking. Owner/user opportunity.
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      View Details
    • $2,200,000
      31,010 SF

      Maumee Retail Center - $2.2M

      High-traffic retail space, excellent location.
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    • $4,338,810
      7,083 SF

      Carrabba's Maumee Restaurant

      High-yield NNN lease investment. Strong tenant.
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    • $650,000
      9,427 SF

      Maumee Warehouse - $650K

      Industrial Warehouse, 9,427 SF, 4 Docks
      203 Sophia St, Maumee, OH 43537
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    • Contact for pricing
      4.41 Acres

      Maumee Land: Office/Light Industrial

      4.41 Acres, Prime Maumee Location
      0 Briarfield Blvd & 20A, Maumee, OH 43537
      View Details
    • Contact for pricing
      15,000 SF

      Heavily Wooded Land Available

      15,000 SF commercial land with build-to-suit opportunity.
      1701 Indian Wood Cir, Maumee, OH 43537
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      1,105 SF

      Retail Space in Busy Center

      Retail suite in a busy strip center with frontage.
      300-342 W Dussel Dr, Maumee, OH 43537
      View Details
    • Contact for pricing
      1,580 SF

      Retail Space Near US Route

      Retail space for lease, approximately 11 miles from Toledo.
      3100 Russell Rd, Maumee, OH 43537
      View Details
    • Contact for pricing

      Retail Space in Uptown Maumee

      Exceptional retail opportunity in Maumee's vibrant DORA district.
      125 W Wayne St, Maumee, OH 43537
      View Details
    • $18 SF/Yr
      14,673 SF

      Former Retail Building in Maumee

      Former retail building in very good condition on main corner.
      105 Golden Gate Plz, Maumee, OH 43537
      View Details
    • Contact for pricing

      Renovated Flex Space in Maumee

      Completely renovated flex space in Arrowhead Park, Maumee, Ohio.
      1722 Indian Wood Cir, Maumee, OH 43537
      View Details
    • $18 SF/Yr
      3,108 SF

      Maumee Retail Building - Great Location

      Free-standing retail space, 3,108 sq ft, updated.
      917 Conant St, Maumee, OH 43537
      View Details
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    516 Conant St
    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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