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    Property profile & analytics

    6711 Monroe St Sylvania, OH 43560

    • Office buildings
    • 8,784 SF
    • 0.82 lot acres
    For Sale
    View listing
    $925,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1576719
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drs Simon Haerian Ludwig / Dentist
    • Live Laugh Smile Orthodontics / Dentist
    • Cindy Vincent, LMT & Optimum CHI / Massage Therapist
    • Seagate Benefits Administrators, Inc / Health Insurance Agency
    • Kevin J Kenney Associates / Real Estate Attorney / Elder Law Attorney

    Property Details for 6711 Monroe St

    Year built
    1995
    Lot size
    0.82 lot acres
    Property size
    8,784 SF
    Zone code
    31-B1B
    Property type
    Office buildings
    APN
    82-28481
    APU
    8228481

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $887,000
      Market price range: $319k - $887k
      AI Estimate
      $869,000
      Market price range: $319k - $869k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $565,000
      Current use
      RESTAURANT
      $1,265,000
      Change: +124% Conversion: Moderate
      MEDICAL BUILDING
      $890,000
      Change: +58% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $710,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $645,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $620,000
      Change: +10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $565,000
      Change: +1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7052
    Latitude
    41.7144
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,113
    $45,815
    $261,905
    $307,720
    -
    $130,900
    $748,300
    $879,200

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      6707 Monroe St

      OFFICE BUILDING • 6,000 SF
      6707 Monroe St, Sylvania, OH 43560-1962
      View Details
    • Value Estimation by Request
      0.25 Acres

      6470 Monroe St

      OFFICE BUILDING • 0.25 Acres
      6470 Monroe St, Sylvania, OH 43560
      View Details
    • Value Estimation
      $880,000
      9,256 SF

      3810 Herr Rd

      OFFICE BUILDING • 9,256 SF
      3810 Herr Rd, Sylvania, OH 43560-8925
      View Details
    • Value Estimation
      $1,260,000
      13,564 SF

      5453 Main St

      OFFICE BUILDING • 13,564 SF
      5453 Main St, Sylvania, OH 43560-2155
      View Details
    • Value Estimation by Request
      1,995 SF

      5641 Main St

      OFFICE BUILDING • 1,995 SF
      5641 Main St, Sylvania, OH 43560-1929
      View Details
    • Value Estimation
      $1,010,000
      29,280 SF

      5600 Monroe St

      OFFICE BUILDING • 29,280 SF
      5600 Monroe St, Sylvania, OH 43560-2731
      View Details

    Similar Nearby for Sale

    • $2,616,000
      30,596 SF

      Class A Office Building

      30,596 SF office building, 100% occupied by service-based tenants.
      5580 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      45,676 SF

      Sylvania Office Building Investment Opportunity

      45,676 SF office building in Sylvania, Ohio for sale.
      5855 Monroe St, Sylvania, OH 43560
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    • Contact for pricing
      70,497 SF

      Medical Office Suites Available

      Healthcare suites with private amenities near retail and hospital.
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    • $925,000
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      Office Space in Prime Location

      Sleek office space ideal for startups or established companies.
      6711 Monroe St, Toledo, OH 43560
      View Details
    • $495,000
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      Executive Office Building in Sylvania, OH

      Prime Sylvania Office Space - $495,000
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    • $2,234,500
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      Class A Executive Office Space

      Executive office space with wooded views in Sylvania, Ohio.
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    Similar Nearby for Lease

    • $812,500
      6,500 SF

      Class A Executive Office Space

      Executive office space with wooded views available for rent.
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      View Details
    • $14 SF/Yr
      13,500 SF

      Sylvania Township Office Space Available

      Second-generation office space near ProMedica Flower Hospital and US-23.
      4848 Holland Sylvania Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing
      1,750 SF

      Sylvania Township Retail/Office Space

      1,750 SF renovated retail or office space for lease.
      5270 Alexis Rd, Sylvania, OH 43560
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    • $10 SF/Yr
      9,000 SF

      West Toledo Office Space for Lease

      Sylvania Twp. medical/creative office suites
      4906 Holland Sylvania Rd, Sylvania, OH 43560
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    • $7 SF/Yr
      2,382 SF

      Medical Office with Free Rent

      First year free rent for a former dental office.
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    • $9 SF/Yr
      28,660 SF

      Sylvania Retail Plaza - Main St

      High-traffic retail space available.
      4981 Main St, Sylvania, OH 43560
      View Details
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    6711 Monroe St
    Sylvania, OH 43560
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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