1811 Reynolds RdToledo, OH 43615

Property Details for 1811 Reynolds Rd

Year built

1972

Lot size

0.44 AC

Property size (Sq ft)

7,600 SF

Zone code

10-CR

Property type

Office buildings

APN

20-46228

APU

2046228

Description

This well-maintained, single-story office building at 1811 N. Reynolds Rd in Toledo, Ohio, offers 7,600 square feet of flexible space. Ideally situated in West Toledo/Sylvania, this Class C property boasts a convenient location near numerous amenities including Schmucker's Restaurant, Walgreens, Rite Aid, Rockets Cafe, Tim Horton's, and Super Fitness. The building, constructed in 1972, features multiple suite options, with a minimum divisible space of 750 square feet and a maximum contiguous space of 750 square feet. The property is suitable for various office uses, including executive, creative, medical, and traditional office settings. Recent renovations include updated restrooms and freshly painted suites. Ample parking is available with approximately 26 spaces located at the building's front entrance. The 0.44-acre lot provides convenient access and visibility. The building is currently available for immediate occupancy. A carpet allowance is offered to new tenants. This property presents a unique opportunity for businesses seeking a well-located and adaptable office space in a thriving Toledo submarket. The building is comprised of one suite, offering a total of 7,600 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,301,028

  6.5%

  $1,200,949

  7%

  $1,115,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $710,904

  Geo Method

  $710,904

• Alternative Use

  Use

  Valuation

  Residential

  $1,489,177

  Hospitality

  $1,364,078

  Educational

  $1,134,897

  Medical

  $1,173,928

  Retail

  $1,765,395

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6571

Longitude

-83.668

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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