Freestanding Retail Building For
1131 W Alexis Rd Toledo, OH 43612
1131 W Alexis Rd, Toledo, OH, 43612
$399,000
For Sale
$399,000
Single-tenant retail building with ample parking and signage.
Property Size4,750 SF
Lot Size0.38 Acres
Price / SF$84
Days on Market145
Property Features for 1131 W Alexis Rd
General Information
- Standard status
- Active
- Size
- 4,750 SF
- Lot size
- 0.38 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1971
Listing agency
NAI Harmon Group
(419) 705-3662
Listed by
Kevin Carr · License #OH #SAL.2023005394
(419) 705-3662
Source
Naiglobal
Added: Feb 26 Updated: Jul 10 at 1:13PM Checked: Jul 10 at 1:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Harmon Group
Investment Insights
Based on property information with market context.
This freestanding single-tenant retail building provides 4,750 square feet of space on a 0.38-acre parcel. The property features 93 feet of frontage along W Alexis Rd, along with prominent signage, one curb cut for access, and ample parking. The interior is wide open. The property is zoned CR, which allows for various potential uses. It is surrounded by major national retailers.
Key Highlights
- Freestanding single‑tenant retail building.
- CR zoning allows for various potential uses.
- 4,750 SF of space on 0.38 acres.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.9k | $10.08 |
| − Vacancy | −$3.6k | −$0.77 |
| EGI | $44.2k | $9.31 |
| − OpEx | −$13.3k | −$2.79 |
| NOI | $31.0k | $6.52 |
4,750 SF · lease $10.08/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$442.4K
$387.1K – $516.2K
NOI $30,969 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$790.5K
$691.7K – $922.3K
NOI $55,336 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dayton/Encompass Appliance Parts
Big Box & Wholesale Store
Similar For Sale Nearby
Similar Off Market Nearby
- Kroger Floral Department — 833 W Alexis Rd, Toledo, OH 43612
FAQs
What type of property is this?
Storefront property - Single-tenant retail building with ample parking and signage.
Where is this storefront property located?
The property is located at 1131 W Alexis Rd Toledo, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Freestanding single‑tenant retail building.; CR zoning allows for various potential uses.; 4,750 SF of space on 0.38 acres.
