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    7150 Granite Cir Toledo, OH 43617-3113
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    Property profile & analytics

    7150 Granite Cir, Toledo, OH 43617-3113

    View on Map
    • Office buildings
    • 21,528 SF
    • 2.89 lot acres
    Off-Market
    Property ID
    US66-6301247
    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.
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wise Patricia A / Law Firm
    • RBC Wealth Management Branch - Toledo / Financial Advisor
    • Managed Care Advisory Group / Consultant
    • Pulmonary & Critical Care Spec: Bernardo Dean M MD / Physician

    Property Details for 7150 Granite Cir

    Year built
    1994
    Lot size
    2.89 lot acres
    Zone code
    20-M2
    Property type
    Office buildings
    APN
    79-09881
    APU
    7909881

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 22, 2007 $1,500,000 Omerica Ltd J Management Co Warranty Deed $888k · National City Bank

    Description

    This exceptional 4,713 square foot executive office space is located within the prestigious Granite Circle office park in Sylvania, Ohio. Situated at 7150 Granite Cir, Toledo, OH 43617, this Class A property boasts a tranquil setting, nestled in a beautiful, wooded area with minimal traffic. The building, constructed in 1994 and extensively renovated in 2023, offers a total of 21,528 square feet spread across two stories. The available space is on the second floor and is part of a multi-tenant building. Ample parking is provided with 92 spaces available for tenants and visitors. Modern conveniences include elevators. The property is zoned M-2 and its Lucas County APN is 79-09881. Its convenient location offers easy access to W. Central Ave, making commuting a breeze. This is an excellent opportunity to secure high-quality office space in a desirable Sylvania submarket. The property's serene environment and proximity to key transportation routes make it an ideal location for businesses seeking a productive and peaceful work atmosphere. The recent renovations ensure modern amenities and a comfortable workspace. Don't miss this chance to establish your business in this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,227,000
      Market price range: $682k - $2.31M
      AI Estimate
      $1,147,000
      Market price range: $607k - $1.82M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,365,000
      Current use
      MEDICAL BUILDING
      $1,595,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,555,000
      Change: +14% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,520,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $1,400,000
      Change: +2% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,310,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7149
    Latitude
    41.6812
    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
    $54,031
    $166,740
    $357,770
    $524,510
    -
    $476,400
    $1,022,200
    $1,498,600

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

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    • Value Estimation by Request
      4,075 SF

      8015 Central Ave

      OFFICE BUILDING
      8015 Central Ave, Toledo, OH 43617-1533
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    • Value Estimation
      $1,025,000
      25,000 SF

      6561 Central Ave

      OFFICE BUILDING
      6561 Central Ave, Toledo, OH 43617
      View Details
    • Value Estimation
      $1,005,000
      26,208 SF

      6545 Central Ave

      OFFICE BUILDING
      6545 Central Ave, Toledo, OH 43617-1089
      View Details
    • Value Estimation
      $590,000
      6,148 SF

      3160 Central W Park

      OFFICE BUILDING
      3160 Central W Park, Toledo, OH 43617-1083
      View Details
    • Value Estimation by Request
      5,976 SF

      7261 Central Ave

      OFFICE BUILDING
      7261 Central Ave, Toledo, OH 43617-3106
      View Details

    Similar Nearby for Sale

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      2,094 SF

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    Similar Nearby for Lease

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      4,605 SF

      Class A Office Space Available

      Unique office space with high visibility and efficient layout.
      7205 W Central Ave, Toledo, OH 43617
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      Former Aquatic Therapy Clinic Space

      9,701 SF space suitable for medical or office use.
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      4,140 SF

      Professional Office Space Available

      Office space with multiple offices, conference rooms, and kitchen.
      3231 Central Park West, Toledo, OH 43617
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    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 7205 W. Central Avenue.
      7205 W Central Ave, Toledo, OH 43617
      View Details
    • Contact for pricing
      6,237 SF

      Raw Office Space For Rent

      5,391 SF unfinished office space with private entrance.
      3439 Granite Cir, Toledo, OH 43617
      View Details
    • Contact for pricing
      8,120 SF

      Office or Medical Space Available

      Up to 8,120 SF office or medical space for rent.
      3130 Central Park W, Toledo, OH 43617
      View Details
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    Toledo, OH 43617-3113
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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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