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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Office buildings
7150 Granite Cir Toledo, OH 43617-3113
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-6301247
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
21,528 SF
Lot
2.89 ac (126,063 SF)
Zoning code
20-M2
APN
79-09881
UPID
US66-6301247
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.00M
Owner & transaction history
Omerica Ltd · 19 yrs held
Omerica Ltd
since 2007
1 recorded transaction
Zoning & alternative use
20-M2 · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+16.9%
Auto repair, garage
$1.6M
+13.8%
Neighborhood: shopping center
$1.5M
+11.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$54,031
Tax year 2023
Assessed value
$524,510
Assessed 2023
Previous assessed
$524,510
+0.0% YoY
Effective rate
10.30%
On assessed value
Assessed land
$166,740
Assessed improvement
$357,770
Land market value
$476,400
Improvement market value
$1,022,200
Total market value
$1,498,600
Applied tax rate
79.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Heating
NONE
Stories
2
Total area
21,528 SF
Lot
2.89 ac (126,063 SF)
Zoning code
20-M2
APN
79-09881
UPID
US66-6301247
Jurisdiction
LUCAS
Zoning & alternative use
20-M2 · Toledo, OH
Zoning 20-M2 · permitted uses
20-M2 · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
2
Lot
2.89 ac
Current owner
From public records · entity-resolved
Omerica Ltd
Individual
Mailing address
1656 HENTHORNE DR STE #200, MAUMEE, OH 43537-1310
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2007
$1,500,000
Omerica Ltd
J Management Co
Warranty Deed
$887,500 · National City Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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