5555 Airport HwyToledo, OH 43615

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 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.

• 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

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

FAQs

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