1695 Indian Wood CirMaumee, OH 43537

Property Details for 1695 Indian Wood Cir

Year built

1987

Lot size

4.65 AC

Property size (Sq ft)

54,740 SF

Zone code

16-CM

Property type

Office buildings

APN

36-40856

APU

3640856

Description

This exceptional 54,740 square foot traditional office building, located at 1695 Indian Wood Circle in Maumee, Ohio, presents a unique investment opportunity. Built in 1987 and renovated in 2002, the property sits on a generous 4.67-acre lot and boasts a park-like setting within The Woodlands. The building is zoned CM (Mixed Use) within Lucas County's South/Southwest submarket, offering flexibility for various business needs. Currently, there are two available office spaces ranging from 2,500 to 12,030 square feet, ideal for multiple tenants. Amenities include 21 private offices, training and conference rooms, and ribbon windows offering abundant natural light on three sides. Ample parking is provided with a 5.3 per thousand ratio. A tenant-improvement allowance is available. The property's strategic location offers easy access to an eight-acre park with walking trails, and is just three minutes away from a variety of restaurants, hotels, retail options, and interstate highways. The City of Maumee also offers financial incentives. This property is an excellent choice for businesses seeking a well-maintained, amenity-rich office space in a desirable location. The zip code is 43537.

• CAP approach

  CAP return

  Valuation

  6%

  $9,370,828

  6.5%

  $8,649,995

  7%

  $8,032,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,120,380

  Geo Method

  $5,120,380

• Alternative Use

  Use

  Valuation

  Residential

  $10,725,994

  Hospitality

  $9,824,953

  Educational

  $8,174,245

  Medical

  $8,455,370

  Retail

  $12,715,493

Location Insight

City

Maumee

County

Lucas

State

Ohio

Latitude

41.5867

Longitude

-83.6811

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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