Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1158 South Expressway Drive Toledo, OH 43608

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr

    4,800 SF flex space with I-75 access.

    Type:Industrial
    Property size:
    4,800 SF
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 26 at 12:13 am

    Property Features for 1158 South Expressway Drive

    General Information

    Standard status
    Active
    Size
    4,800 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1968

    Spaces For Lease

    at 1158 South Expressway Drive Contact us

    We can help!

    Listing Contact
    Stephanie Pilgrim
    Stephanie Pilgrim

    Listing agent Stephanie Pilgrim License #OH #SAL. 2019004374

    Listing office

    Listing date Mar 6, 2026

    Source Svn

    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 Stephanie Pilgrim

    Overview

    Flex Space Near I-75

    Available for lease is 4,800 SF of flex space within a 20,550 SF industrial building. The property benefits from its convenient location with easy access to I-75 and I-280. The current configuration includes a lobby, common area, a 3,600 SF warehouse, a 960 SF private office, two restrooms, and a mezzanine/storage area. Ample parking is provided with 23 on-site parking spots available in the rear of the building. The General Industrial zoning permits a variety of uses. The location provides direct access to I-75. The property includes two 12x14 overhead doors, fascia signage, LED lighting in the rear of the building and one curb cut.
    Location Intelligence

    Current Use by Public Records

    Ray Collier Carpet ... Carpet & Flooring Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.522
    Latitude
    41.6891

    Nearby Similar for Lease

    • Contact for pricing

      Ottawa Hills Office Space Available

      Second floor office space for lease in Ottawa Hills.
      4334 Central Avenue, Toledo, OH 43615
      View Details
    • Contact for pricing

      Retail Space Near Byrne Road

      Retail space for lease in South Toledo near major retail.
      803 S Byrne Rd, Toledo, OH 43609
      View Details
    • $20/mo

      Medical Space on Sylvania Avenue

      Sub-lease opportunity: 6,023 SF medical space with high visibility.
      3546 W Sylvania Ave, Toledo, OH 43623
      View Details
    • Sponsored
      Contact for pricing

      OH, Toledo - Franklin Park

      3950 Sunforest Ct, Unit 2ND, Toledo, OH 43623
      View Details
    • $14/mo

      Retail Space Near I-475

      Retail space available near I-475 and Dorr St interchange.
      1101 N McCord Rd, Toledo, OH 43615
      View Details
    • $15/mo

      Retail Space at Signalized Intersection

      1,250 SF retail space in high-traffic Toledo location.
      1208 South Reynolds Road, Toledo, OH 43615
      View Details
    • $12/mo

      Fort Industry Square Commercial Space

      Class "A" commercial space in downtown Toledo's revitalized district.
      100 North Summit Street, Toledo, OH 43604
      View Details
    • $12/mo

      Toledo Westgate Area Office Building

      Seven-story office building in Toledo's Westgate area for sale/lease.
      3103 & 3301 Executive Pkwy, Toledo, OH 43606
      View Details
    • $11/mo

      Retail Space with Drive-Thru Window

      1,280 SF retail space with drive-thru at signalized intersection.
      1702 W Laskey Rd, Toledo, OH 43613
      View Details
    • $12/mo

      Toledo Office/Commercial Space For Lease

      23,600 SF of versatile space in historic Toledo building.
      241 N Superior St, Toledo, OH 43604
      View Details
    • $16/mo

      Retail Suite at St. James

      Retail space available at St. James Club in Toledo, OH.
      7337 W. Bancroft St., Toledo, OH
      View Details
    • $5/mo

      Retail Space in Airport Square

      Retail suites available in established South Toledo shopping center.
      5225 Airport Highway, Toledo, OH 43615
      View Details

    FAQs

    What type of property is this?
    Flex space - 4,800 SF flex space with I-75 access.
    Where is this flex space located?
    The property is located at 1158 South Expressway Drive Toledo, OH.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Excellent location with direct access to I‑75 and I‑280; 4,800 SF of flex space suitable for a variety of uses due to General Industrial zoning; Includes a **3,600 SF warehouse** and a 960 SF private office
    (419) 540-8888
    We can help!
    Listing Contact
    Stephanie Pilgrim
    Stephanie Pilgrim
    Real Estate License ID: OH #SAL. 2019004374
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!