3900 Sunforest CtToledo, OH 43623

Property Details for 3900 Sunforest Ct

Year built

1980

Property size (Sq ft)

800 SF

Property type

Office properties

Property subtype

Other office properties

APN

22-65319

APU

2265319

Description

This exceptional 2,335-square-foot medical office space, located at 3900 Sunforest Court, Suites 110-116, Toledo, OH 43623, presents a unique investment opportunity. Priced at $23,350 ($10 per square foot), the property requires updates to flooring, cabinetry, and wall coverings, reflected in the asking price. The suite boasts six treatment rooms, three private offices, a reception area, and a waiting room, along with two interior restrooms. Additional restrooms are conveniently located within the building's common areas. Basement storage is also available. Condominium dues of $8.00 per square foot encompass utilities, janitorial services, third-party management, property maintenance, and trash removal. The building enjoys a strong medical presence, including an on-site laboratory and pharmacy. Excellent visibility is ensured through monument signage at the building entrance and interior signage in multiple directories. The property benefits from its proximity to a TARTA bus route, enhancing accessibility. This is an ideal opportunity for medical professionals or investors seeking a well-located, adaptable space in a thriving medical community.

• CAP approach

  CAP return

  Valuation

  6%

  $136,950

  6.5%

  $126,416

  7%

  $117,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $74,832

  Geo Method

  $74,832

• Alternative Use

  Use

  Valuation

  Residential

  $156,755

  Hospitality

  $143,587

  Educational

  $119,463

  Medical

  $123,571

  Retail

  $185,831

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6892

Longitude

-83.6313

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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