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Financial
Distress signals
Property profile

702 Commerce Dr Perrysburg, OH 43551

OFF-MARKET
Medical Office Space
Property ID
US66-3090349
11,520 SF 1.59 ac lot Built 2004
Last sale Jan 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 11,520-square-foot office building, located at 702 Commerce Dr in Perrysburg, Ohio, presents a compelling investment opportunity. The property, built in 2004 and extensively renovated in 2020, boasts a Class B designation and is situated on a 1.59-acre lot within a Planned Business Park zoning district. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $150,392, yielding an attractive 8.85% capitalization rate. The asking…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$29k
Tax billed · 2023
Assessed value$409k
Assessed land$54k
Assessed improvement$354k
Effective rate7.04%

Value estimate

· Oct 2026
$505k
$455k – $556k
AI approach$505k
Submarket $/SF estimate$574k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWOOD

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant21.2
Realty agency15.2
Hair Salon14.6

Location

702 Commerce Dr Perrysburg, OH 43551-5239
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
28555 Starbright, Perrysburg, OH 43551-5662 $4,500,000 Mar 2025 22,014 SF
701 Commerce, Perrysburg, OH 43551-5271 $2,187,500 Jan 2024 6,924 SF
111 2nd, Perrysburg, OH 43551-1402 $450,000 Jan 2024 4,116 SF
840 Boundary, Perrysburg, OH 43551-1702 $2,325,000 Jul 2022 7,393 SF
7045 Lighthouse, Perrysburg, OH 43551-7000 $5,200,000 Aug 2021 15,928 SF
28276 Kensington, Perrysburg, OH 43551-4178 $2,250,000 Feb 2019 13,558 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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