1811 Reynolds RdToledo, OH 43615
- Office properties
- 7,600 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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