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Property profile & analytics
OFF-MARKET
Office buildings

6616 Monroe St Sylvania, OH 43560-1960

7,992 SF 0.27 ac lot Built 1965
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-1476593
Property summary
AI-generated overview

This 7,992 square foot, Class C office building, constructed in 1960, presents a unique investment opportunity in the heart of Downtown Sylvania. Currently featuring seven suites, with 630 square feet of vacant space, this multi-tenant property offers excellent potential for growth. The building is conveniently located near Main Street's vibrant restaurant and retail scene, providing high visibility and accessibility for businesses. One available suite includes a lobby, two office areas, and a private bathroom, ideal for a small office or retail service business. The property benefits from its proximity to a city-maintained public parking lot, ensuring convenient parking for tenants and clients. The modified gross lease structure includes a monthly rent of $950 and a security deposit of the same amount. Tenant responsibilities encompass gas, electric, telephone, and internet services. Landlord responsibilities cover taxes, insurance, landscaping and snow removal, water, exterior building maintenance, and trash removal. This property offers a compelling blend of location, amenities, and a manageable lease structure, making it an attractive option for both investors and tenants seeking a prime location in Downtown Sylvania. The building's address is conveniently located near Richard Becker Place.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Total area 7,992 SF
Lot 0.27 ac (11,800 SF)
Zoning code 31-B3
APN 82-10266
UPID US66-1476593
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
  • Melinda Barringer Massage Therapy Alternative Medicine Practice Spa & Massage Center
  • Montgomery-Nichols Insurance Agency
  • Nichols Thomas Insurance Agency
  • Jamilynn Fox: Allstate Insurance Insurance Agency
  • Gibellato Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
City Of Sylvania · 3 yrs held
City Of Sylvania
since 2022
Last sale
$3,980
3 recorded transactions
2024
Price N/A
2022
$3,980
2022
Price N/A
Zoning & alternative use
31-B3 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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