4906 Holland Sylvania RdSylvania, OH 43560

Property Details for 4906 Holland Sylvania Rd

Year built

1989

Lot size

1.44 AC

Property size (Sq ft)

9,000 SF

Zone code

20-C2

Property type

Office properties

Property subtype

Office buildings

APN

78-51871

APU

7851871

Description

This single-story, 9,000 square foot Class B office building, built in 1989 and renovated in 2020, offers flexible space ideal for medical or creative office uses. Located in Sylvania Township's desirable West Toledo submarket, this property boasts convenient access to US-23 and is within walking distance of Flower Hospital, South Briar Shopping Center, and The Village Inn. The building features 60 parking spaces, two curb cuts with exterior monument signage on Holland Sylvania and Harroun Roads, and is professionally managed and maintained. Multiple suites are available, ranging from 510 to a maximum contiguous 2,892 square feet. Currently, 2,892 square feet are vacant. Suite 2, a former dental office, offers approximately 2,900 square feet of customizable space, including a waiting room, reception area, clinical work area, two labs, two restrooms, five operatories, and a break room. Suite 5, a former skin esthetician studio, features a waiting room, large procedure room, private restroom, and washer/dryer closet. The building has 8'6" to 9'0" ceilings, 200 AMP power, and is zoned C-2. Property taxes are $2.14 per square foot. The Lucas County APN is 78-51871. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,540,692

  6.5%

  $1,422,177

  7%

  $1,320,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $841,860

  Geo Method

  $841,860

• Alternative Use

  Use

  Valuation

  Residential

  $1,763,499

  Hospitality

  $1,615,356

  Educational

  $1,343,957

  Medical

  $1,390,178

  Retail

  $2,090,600

Location Insight

City

Sylvania

County

Lucas

State

Ohio

Latitude

41.704

Longitude

-83.695

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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