845 Commerce DrPerrysburg, OH 43551

Property Details for 845 Commerce Dr

Year built

1999

Lot size

0.91 AC

Property size (Sq ft)

10,133 SF

Property type

Office properties

Property subtype

Office buildings

APN

Q61-400-0703-05-014.001

APU

Q61400070305014001

Description

This exceptional Class A, multi-tenant office building, located at 845 Commerce Drive in Perrysburg, Ohio, presents a compelling investment opportunity. The 10,133 square foot building offers a flexible layout, with the potential for up to three contiguous suites, allowing for various configurations to suit diverse business needs. Individual suites feature private offices, open work areas (bull pens), in-suite restrooms, and dedicated IT infrastructure. The property boasts ample on-site parking for employees and clients, and prominent monument signage ensures high visibility and brand recognition. Financial details, including the rent roll and operating expenses, are available upon request for qualified buyers. Constructed by Rudolph Libbe, this building is situated within the Commerce Business Park, a prime office location in Perrysburg. Its strategic location provides convenient access to major highways, including routes 475 and I-75, and is less than a mile from Levis Commons, offering employees and visitors a variety of amenities. The asking price is $1,500,000, translating to $148.03 per square foot. This owner-occupant opportunity combines the benefits of immediate income generation with the potential for long-term appreciation in a thriving commercial area. This property is ideal for businesses seeking a high-quality, well-located office space in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,734,647

  6.5%

  $1,601,213

  7%

  $1,486,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $947,841

  Geo Method

  $947,841

• Alternative Use

  Use

  Valuation

  Residential

  $1,985,504

  Hospitality

  $1,818,711

  Educational

  $1,513,146

  Medical

  $1,565,186

  Retail

  $2,353,783

Location Insight

City

Perrysburg

County

Wood

State

Ohio

Latitude

41.5427

Longitude

-83.6389

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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