1787 Indian Wood CirMaumee, OH 43537

  • Office buildings
  • 11,816 SF

Property Details for 1787 Indian Wood Cir

Year built
1987
Lot size
2.47 AC
Property size (Sq ft)
11,816 SF
Zone code
16-CM
Property type
Office buildings
APN
35-00481
APU
3500481

Description

This exceptional single-tenant retail property, located at 1787 Indian Wood Circle in Maumee, Ohio, offers 5,200 square feet of versatile space. Situated in Lucas County, this one-story building boasts a convenient location with easy access via Dussel Drive. The property includes 30 parking spaces, ensuring ample accommodation for customers and employees. Currently fully vacant, this presents a unique opportunity for a business seeking a substantial footprint in a desirable Maumee location. Utilities are serviced by Toledo Edison. The building does not include elevators. While the previous tenant utilized the space for office purposes, including a break room, large training room, conference room, and multiple offices, the space is adaptable to a variety of retail uses. The property's size and parking make it ideal for a business requiring significant space and convenient customer access. The address is 1787 Indian Wood Cir, Maumee, OH 43537. This is a fantastic opportunity to establish a strong presence in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,292,460
    6.5%
    $2,116,110
    7%
    $1,964,960
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,105,270
    Geo Method
    $1,105,270
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $4,110,970
    Retail / Commercial
    $2,118,890
    Mixed-Use / Specialty
    $2,119,840
    Hospitality / Lodging
    $1,566,340
    Institutional / Educational
    $2,206,820
    Residential Income
    $2,581,980
    Multifamily
    $3,049,510
    Automotive / Energy
    $1,891,560
    Parking / Income-Based Land
    $644,347
    Restaurant / Food Service
    $1,120,710
    Healthcare / Senior Housing
    $2,165,130

Location Insight

City
Maumee
County
Lucas
State
Ohio
Latitude
41.5842
Longitude
-83.685
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
$18,683
$86,065
$155,960
$242,025
-
$245,900
$445,600
$691,500

FAQs

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