3171 Republic BlvdToledo, OH 43615

  • Office properties
  • 18,032 SF
For Lease
$12/SF/YR View listing

Property Details for 3171 Republic Blvd

Year built
1973
Lot size
0.92 AC
Property size (Sq ft)
18,032 SF
Zone code
20-C2
Property type
Office properties
Property subtype
Office buildings
APN
78-69181
APU
7869181

Description

This exceptional Toledo property, located at 3171 N Republic Boulevard, offers a unique blend of executive office and warehouse space, ideal for a variety of businesses. The 18,032 square foot building sits on a 0.918-acre lot and features a total of five suites, with flexible space options ranging from a minimum of 530 square feet to a maximum contiguous space of 3,224 square feet. Currently, 5,966 square feet is available for lease. Built in 1973 and renovated in 1990, the two-story building boasts ceiling heights ranging from 8 to 14 feet, providing ample vertical space. The property is zoned for Highway General Commercial District use (Lucas County APN: 69181

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,086,861
    6.5%
    $2,849,410
    7%
    $2,645,881
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,686,713
    Geo Method
    $1,686,713
  • Alternative Use

    Use
    Valuation
    Residential
    $3,533,268
    Hospitality
    $3,236,455
    Educational
    $2,692,692
    Medical
    $2,785,298
    Retail
    $4,188,633
3171 Republic Blvd, Toledo, Ohio

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.6788
Longitude
-83.6756
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
$14,837
$75,355
$67,200
$142,555
-
$215,300
$192,000
$407,300

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