5415 Monroe StToledo, OH 43623
- Office properties
- 8,532 SF
For Sale
$925,000
View listing
Property Details for 5415 Monroe St
- Year built
- 1984
- Lot size
- 0.72 AC
- Property size (Sq ft)
- 8,532 SF
- Zone code
- 20-C2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 78-51024
- APU
- 7851024
Description
This exceptional Class A medical office building, located at 5415 Monroe St, Toledo, OH 43623, presents a unique investment or owner-user opportunity. The 8,532 square foot building, constructed in 1984 and extensively renovated in 2022, boasts 4,200 square feet of net rentable space. Situated on a 0.72-acre lot with 65 parking spaces, it offers over 145 feet of frontage on Monroe Street, ensuring high visibility. The property features a multi-tenant occupancy with long-term tenants occupying the first floor
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,460,576
- 6.5%
- $1,348,224
- 7%
- $1,251,922
-
Comparable approach
- Method
- Valuation
- Relative Method
- $798,083
- Geo Method
- $798,083
-
Alternative Use
- Use
- Valuation
- Residential
- $1,671,797
- Hospitality
- $1,531,357
- Educational
- $1,274,071
- Medical
- $1,317,888
- Retail
- $1,981,889
5415 Monroe St, Toledo, Ohio
Location Insight
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Latitude
- 41.7048
- Longitude
- -83.6624
- 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
$21,929
$99,400
$112,700
$212,100
-
$284,000
$322,000
$606,000
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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