702 Commerce Dr Perrysburg, OH 43551-5239
Property profile & analytics
702 Commerce Dr Perrysburg, OH 43551-5239
- Medical Office Space
- 11,520 SF
- 1.59 lot acres
Property ID
US66-3090349
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.
Location Intelligence
Current Use by Public Records
- Dr. Michael A. Neiswander, MD / Pediatrician / Physician
- Dr. Jeffrey F. Wirebaugh, MD / Pediatrician / Physician
- Dr. Karen A. Kindervater, MD / Physician
- Dr. Leslie J. Domini, MD / Pediatrician / Physician
- Carroll Nancy MD / Physician
Property Details for 702 Commerce Dr
- Year built
- 2004
- Lot size
- 1.59 lot acres
- Property size
- 11,520 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- Q61-400-0703-05-012.001
- APU
- Q61400070305012001
Description
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 price is $1,700,000. The property's strategic location offers unparalleled convenience, with exceptional accessibility to I-475 and I-75, placing it minutes from two major shopping centers. Four out of five recent leases have been renewed or signed, ensuring long-term stability. Further enhancing the property's value are recent improvements including a new roof (2020) and a resurfaced parking lot (2022). The single-story building is suitable for executive or medical office uses. This fully leased investment property offers a rare combination of high occupancy, strong cash flow, and a prime location in a thriving Perrysburg community. The property's features and location make it an ideal investment for discerning buyers seeking a stable and profitable asset. This is a turnkey opportunity with minimal vacancy risk and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $505,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $573,000
Market price range: $417k - $1.12M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $700,000 Current use
- AUTO REPAIR, GARAGE
- $840,000 Change: +20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Perrysburg
- County
- Wood
- State
- Ohio
- Longitude
- -83.6412
- Latitude
- 41.5443
- 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
$28,774
$54,360
$354,240
$408,600
-
$155,300
$1,012,100
$1,167,400
