1480 Ford StMaumee, OH 43537

Property Details for 1480 Ford St

Year built

1985

Lot size

3.85 AC

Property size (Sq ft)

32,585 SF

Zone code

16-M1

Property type

Office properties

Property subtype

Office buildings

APN

36-40557

APU

3640557

Description

This exceptional Class A office building, totaling 33,400 square feet, presents a compelling investment opportunity in Maumee, Ohio. Located at 1480 Ford St, 43537, this single-tenant property sits at the entrance to Northwest Ohio's premier office park, Arrowhead Business Park, offering unparalleled visibility and accessibility. The building benefits from a long-term lease with an international government/military contractor, providing stable and predictable cash flow. Its prime location offers convenient access to major transportation arteries, including the Ohio Turnpike (80/90), I-475, and Toledo Express Airport. The property boasts recently upgraded mechanical systems, including a new Trane 80-ton air-cooled condensing unit, Trane condenser coils, and a Lochinvar SmFTXL fire tube boiler installed in 2023, ensuring efficient and reliable operation. The asking price is $4,650,000, translating to $139.22 per square foot. This represents a strong value proposition for investors seeking a high-quality, net-leased asset in a desirable location with a stable tenant. The property is situated in Lucas County and offers a secure investment with a proven track record. This is a rare opportunity to acquire a premier office building in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,578,159

  6.5%

  $5,149,070

  7%

  $4,781,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,048,001

  Geo Method

  $3,048,001

• Alternative Use

  Use

  Valuation

  Residential

  $6,384,846

  Hospitality

  $5,848,485

  Educational

  $4,865,871

  Medical

  $5,033,216

  Retail

  $7,569,132

Location Insight

City

Maumee

County

Lucas

State

Ohio

Latitude

41.5827

Longitude

-83.6804

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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