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5555 Airport Hwy Toledo, OH 43615

Office buildings Google Maps
54,540 SF 7.61 ac lot Built 1984
Entity Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$820k
Range $738k – $902k (±10%)
Property ID US66-0258766

Property summary

AI-generated overview

This exceptional office property, located at 5555 Airport Highway in Toledo, Ohio, offers a variety of flexible spaces to suit diverse business needs. Three suites are currently available, ranging from 5,462 to 6,870 square feet, with the potential for expansion up to 18,589 square feet. The property boasts a convenient location, just one mile east of the I-475/US-23 interchange, providing easy access to major transportation routes. Situated in the South Toledo Holland submarket, this location offers excellent visibility and accessibility. The building features attractive common areas, including a nice entry and waiting room/lobby. Suite 200, a former professional services firm space, offers 13 offices, two conference rooms, a break area, and a large bullpen area suitable for numerous cubicles. Suite 204, a 6,257 square foot furnished suite, includes a large reception/bullpen area, kitchen and break room, file storage, and space for 20-24 cubicles. Eleven offices, a conference room, work room, and IT area are also included. Finally, Suite 205, a 5,462 square foot space, is available for build-out to tenant specifications, currently featuring three offices, a conference room, storage, and a bullpen area. All suites offer ample opportunities for customization and renovation to meet specific business requirements. This property represents one of suburban Toledo's best values in professional office space. The zip code is 43615, and Lucas County is the location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Total area 54,540 SF
Lot 7.61 ac (331,649 SF)
Zoning code 10-CO
APN 20-51471
UPID US66-0258766

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm Tax Preparation
  • Physician
  • Hardware & Home Improvement
  • Construction Company
  • High School Vocational School

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$820k

Owner & transaction history

since 2017
2 recorded transactions
2022
Price N/A
2017
$1.5M

Zoning & alternative use

10-CO · Toledo, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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