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Property profile & analytics
OFF-MARKET Estimated value $835,000
Office buildings

6711 Monroe St Sylvania, OH 43560-1993

8,784 SF 0.82 ac lot Built 1995
Entity Owned 26-yr Hold Free & Clear
Property ID
US66-1576719
Property summary
AI-generated overview

This exceptional 8,784-square-foot Class B office building presents a compelling investment opportunity in Toledo, Ohio. Located at 6711 Monroe St, Unit 3, in Sylvania, Lucas County, this property sits on a 0.81-acre lot and offers a versatile open floor plan, perfect for a variety of businesses. The asking price is $925,000. Its prime location within the city's commercial hub makes it highly attractive to both established companies and startups seeking a strong presence in the Toledo market. The building's size and layout provide ample space for growth and expansion, making it an ideal choice for businesses looking to scale their operations. The property is currently available for sale, offering a significant return on investment for prospective buyers. Its strategic location and functional design combine to create a highly desirable commercial property. The address is easily accessible, offering convenient access to major transportation routes and amenities. This presents a rare opportunity to acquire a well-situated, spacious office building in a thriving commercial area. The property's potential for rental income, based on a rate of $16 per square foot, further enhances its investment appeal. Serious inquiries are encouraged to explore this exceptional opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1995
Total area 8,784 SF
Lot 0.82 ac (35,619 SF)
Zoning code 31-B1B
APN 82-28481
UPID US66-1576719
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
  • Drs Simon Haerian Ludwig Dental Office
  • Live Laugh Smile Orthodontics Dental Office
  • Cindy Vincent, LMT & Optimum CHI Alternative Medicine Practice Spa & Massage Center
  • Seagate Benefits Administrators, Inc Insurance Agency
  • Kevin J Kenney Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$887k
Blend (final) Blend
$835k
Owner & transaction history
FOSTER ENTERPRISES, LLC, AN OHIO LIMITEDLIABILITYC
FOSTER ENTERPRISES, LLC, AN OHIO LIMITEDLIABILITYC
Zoning & alternative use
31-B1B · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.3M +124.2%
Medical building $890,000 +57.8%
Neighborhood: shopping center $710,000 +26.4%
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