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    FOR SALE
    Medical Office Space

    6411 River Crossings, Sylvania, OH 43560

    2,904 SF 0.53 ac lot Built 2002
    Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US66-6240948
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 2,972 square foot medical office building in Sylvania, Ohio, currently leased to Affordable Dentures and Implants under a Net Net Net (NNN) lease. The property boasts a 7.00% cap rate and a substantial $59,190 annual net operating income (NOI). The lease, with a corporate guarantee, extends until November 30, 2030, providing a secure, long-term investment. Built in 2002, this fee-simple property sits on a 0.56-acre lot and includes 40 parking spaces. The tenant, with over 425 locations nationwide, recently signed a 5-year lease extension with a 10% rent increase commencing in 2025, projecting a NOI of $61,424. A new HVAC system was installed in 2022. The property is strategically located in a thriving medical and retail corridor, experiencing high vehicular traffic (22,112+ vehicles per day), and serves a substantial population (117,364 within a five-mile radius) with a high average household income ($99,877 within one mile). The asking price is $845,571, translating to $284.51 per square foot. This is a rare opportunity to acquire a stable, high-performing medical office investment with significant upside potential.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2002
    Total area 2,904 SF
    Lot 0.53 ac (23,087 SF)
    Zoning code 31-B2
    APN 82-33181
    UPID US66-6240948
    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
    • Affordable Dentures & Implants Dental Office
    • Dr. Larry A. Mclaughlin, DDS Dental Office
    • Ruby E. Fifer, DDS, FICOI, FAAIP - Affordable Dentures & Implants Dental Office
    • Affordable Dentures: Walton Joseph B DDS Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lt Management-sylvania LLC · 19 yrs held
    Lt Management-sylvania LLC
    since 2007
    3 recorded transactions
    2021
    2017
    2007
    $828,132
    Zoning & alternative use
    31-B2 · Sylvania, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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