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    Property profile & analytics
    OFF-MARKET Estimated value $590,000
    Retail space

    1101 Mccord Rd, Toledo, OH 43615-4123

    6,000 SF 1.01 ac lot Built 2003
    Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US66-0245242
    Property summary
    AI-generated overview

    This exceptional commercial property at 1101 N McCord Road, Unit 1101, Toledo, OH, presents a unique investment opportunity. Situated on a 1.03-acre lot, the property boasts a total of 6,000 square feet of space. A thriving 4,000 square foot Oriental Food Mart currently occupies a significant portion, benefiting from a loyal customer base drawn to its diverse selection of specialty goods. This established business represents a strong foundation for continued success. Adjacent to the market is a substantial 2,000 square foot vacant space, ripe with potential. This area offers flexibility for expansion of the existing business, the addition of a complementary enterprise, or independent leasing for supplemental income generation. The property's high-traffic location ensures excellent visibility and accessibility, maximizing the potential for both existing and future operations. The asking price for the real estate is $600,000. The existing business is available for separate purchase at an additional cost of $150,000. This presents a compelling opportunity for investors seeking a blend of established income and significant growth potential. Don't miss this chance to acquire a prime commercial property in a thriving Toledo location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2003
    Total area 6,000 SF
    Lot 1.01 ac (43,778 SF)
    Zoning code 19-C2
    APN 65-46293
    UPID US66-0245242
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Tee Oriental Food & Gifts (Bike/Boat/Book/etc) Store Grocery & Convenience Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $600k
    Comparable Approach Comparable
    $624k
    Blend (final) Blend
    $590k
    Owner & transaction history
    Somkiet Thepsourinthone
    Somkiet Thepsourinthone
    1 recorded transaction
    1969
    Zoning & alternative use
    19-C2 · Toledo, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $945,000 +92.2%
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