New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,845,000
Medical Office Space
5700 Monroe St, Sylvania, OH 43560-2767
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-4382694
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
229,891 SF
Lot
15.85 ac (690,557 SF)
Zoning code
31-B4
APN
82-94076
UPID
US66-4382694
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ProMedica Laboratories - Health and Wellness Center Laboratory
-
ProMedica Radiology - ProMedica Health and Wellness Center Physician Medical Clinic
-
Khader Mustafa, MD Physician
-
ProMedica Physicians Ear, Nose and Throat - Sylvania Physician
-
Stephen Stanek, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.49M
Blend (final)
Blend
$5.85M
Owner & transaction history
Toledo Hospital · 13 yrs held
Toledo Hospital
since 2013
5 recorded transactions
Zoning & alternative use
31-B4 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sylvania submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvania submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.85M
Range $5.26M – $6.43M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$25 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,353
Tax year 2023
Assessed value
$177,905
Assessed 2023
Previous assessed
$177,905
+0.0% YoY
Effective rate
9.75%
On assessed value
Assessed improvement
$177,905
Improvement market value
$508,300
Total market value
$508,300
Applied tax rate
82.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Heating
NONE
Stories
3
Total area
229,891 SF
Lot
15.85 ac (690,557 SF)
Zoning code
31-B4
APN
82-94076
UPID
US66-4382694
Jurisdiction
LUCAS
Zoning & alternative use
31-B4 · Sylvania, OH
Zoning 31-B4 · permitted uses
31-B4 · Sylvania, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sylvania. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
3
Lot
15.85 ac
Current owner
From public records · entity-resolved
Toledo Hospital
Individual
Free & Clear · 13 yrs held
Mailing address
MSC S29779, TOLEDO, OH 43604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2013
$7,000,000
Toledo Hospital
Brixmor Residual Pool 1 Spe
Grant Deed
—
Feb 2, 2009
—
Centro Np Residual Pool 1 Spe
Hk New Plan Exchange Prop Owne
Trustees Deed
$370,000,000 · Chase Bk/md
Apr 7, 2005
$400,000
Bank Of America NA
Sheriff Of Lucas County
Trustees Deed
related
—
Jul 22, 2004
$16,800,000
Hk New Plan Exchange Prop Owne
Starlite Plaza LLC
Grant Deed
—
—
—
Bennett Ents INC
—
Deed Of Trust
related
$900,000 · First Fed'l Bk/the Midwest
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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