5555 Airport HwyToledo, OH 43615

  • Office properties
  • 54,540 SF
For Lease
$14/SF/YR View listing

Property Details for 5555 Airport Hwy

Year built
1984
Lot size
7.61 AC
Property size (Sq ft)
54,540 SF
Zone code
10-CO
Property type
Office properties
Property subtype
Office buildings
APN
20-51471
APU
2051471

Description

This exceptional office property, located at 5555 Airport Highway in Toledo, Ohio, offers a variety of flexible spaces to suit diverse business needs. Three suites are currently available, ranging from 5,462 to 6,870 square feet, with the potential for expansion up to 18,589 square feet. The property boasts a convenient location, just one mile east of the I-475/US-23 interchange, providing easy access to major transportation routes. Situated in the South Toledo Holland submarket, this location offers excellent visibility and accessibility. The building features attractive common areas, including a nice entry and waiting room/lobby. Suite 200, a former professional services firm space, offers 13 offices, two conference rooms, a break area, and a large bullpen area suitable for numerous cubicles. Suite 204, a 6,257 square foot furnished suite, includes a large reception/bullpen area, kitchen and break room, file storage, and space for 20-24 cubicles. Eleven offices, a conference room, work room, and IT area are also included. Finally, Suite 205, a 5,462 square foot space, is available for build-out to tenant specifications, currently featuring three offices, a conference room, storage, and a bullpen area. All suites offer ample opportunities for customization and renovation to meet specific business requirements. This property represents one of suburban Toledo's best values in professional office space. The zip code is 43615, and Lucas County is the location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,336,590
    6.5%
    $8,618,391
    7%
    $8,002,792
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,101,672
    Geo Method
    $5,101,672
  • Alternative Use

    Use
    Valuation
    Residential
    $10,686,805
    Hospitality
    $9,789,056
    Educational
    $8,144,380
    Medical
    $8,424,477
    Retail
    $12,669,035
5555 Airport Hwy, Toledo, Ohio

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.6148
Longitude
-83.6726
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
$51,946
$339,850
$212,590
$552,440
-
$971,000
$607,400
$1,578,400

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