Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3324 Secor Rd Toledo, OH 43606

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $17 SF/Yr

    5,000 SF retail space in busy shopping center.

    Property size:
    21,212 SF
    Lot size:
    21,212 SF

    Property Features for 3324 Secor Rd

    General Information

    Size
    21,212 SF

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Rami Sebai
    Rami Sebai
    Source: Svn

    Listing Agent: Rami Sebai

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in West Toledo

    Available for lease is a 5,000 square foot space within a 21,212 square foot retail shopping center. The property is located in the heart of West Toledo's primary retail corridor, at a signalized intersection on Secor Road, a main four-lane thoroughfare with a turning lane. It is situated near multiple Tarta bus stops and just 1/3 mile south of the I-475 interchange. The location offers good visibility with excellent monument and fascia signage availability, easy access via a signalized intersection and three additional curb cuts, and ample on-site parking with over 100 spaces. Current co-tenants include Subway, Kira Japanese Steakhouse & Sushi, Classy Nail & Spa, QQ Kitchen, Influence Cafe, and Port Royal Tobacconist. The property is near Costco, Home Depot, The Fresh Market, Kroger, and Best Buy, and immediately adjacent to multiple recently constructed hotels. It is in close proximity to the University of Toledo and dense residential neighborhoods, within the heavy retail area of Secor Road between Central Avenue and the I-75 Interchange. Traffic counts are 21,473 vehicles per day on Secor Road, 20,346 vehicles per day on Central Avenue, and 63,469 vehicles per day on I-475.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Port Royal Cigars Tobacco Shop QQ Kitchen Asian Restaurant Subway Caterer Kira Japanese Steakhouse Japanese Steakhouse Classy nail & spa Nail Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.6211741
    Latitude
    41.6814389

    Nearby Similar for Lease

    • $14 SF/Yr
      34,693 SF

      Prime Retail Space in Toledo

      Highly visible 4,265 SF retail space in a fitness club.
      7337 W Bancroft St, Toledo, OH 43615
      View Details
    • $12 SF/Yr
      172,000 SF

      Prime Downtown Commercial Space Available

      Retail, office, and medical space in downtown Toledo.
      100 North Summit St, Toledo, OH 43604
      View Details
    • $19 SF/Yr
      90,882 SF

      Downtown Toledo Retail/Office Space

      First-floor retail/office space in a renovated mixed-use building.
      15 S Ontario St, Toledo, OH 43604
      View Details
    • $13 SF/Yr
      60,042 SF

      Retail Space in Colonial Village

      Retail space for lease in South Toledo neighborhood center.
      4400 Heatherdowns Blvd, Toledo, OH 43614
      View Details
    • $5 SF/Yr
      187,124 SF

      Retail Space in Airport Square

      Retail suites available in established South Toledo shopping center.
      5225 Airport Hwy, Toledo, OH 43615
      View Details
    • $11 SF/Yr
      39,904 SF

      Executive Parkway Medical/Dental Office Space

      Medical/dental office space in a high-traffic area, move-in ready.
      3425 Executive Pkwy, Toledo, OH 43606
      View Details
    • $22 SF/Yr

      Sylvania Township Office Space Available

      Office space for lease in desirable Sylvania Township location.
      7335 Crossleigh Ct, Toledo, OH 43617
      View Details
    • $25 SF/Yr
      46,656 SF

      Renovated Retail Space in Sylvania

      High-visibility retail space in a recently renovated shopping center.
      6710 W Central Ave, Toledo, OH 43617
      View Details
    • $10 SF/Yr
      17,644 SF

      Toledo Warehouse with Office Space

      17,644 SF warehouse with 2,000 SF office space for lease.
      5625 Enterprise Blvd, Toledo, OH 43612
      View Details
    • $375 /Mo
      120,550 SF

      Historic Office Space in Toledo

      Renovated office spaces in downtown Toledo's Innovation District.
      1300 Jefferson Ave, Toledo, OH 43604
      View Details
    • Contact for pricing

      Paved Lot with Mobile Office

      0.589 acre paved lot with 800 SF mobile office.
      736 Woodville Rd, Toledo, OH 43605
      View Details
    • $13 SF/Yr
      11,496 SF

      Updated Office Suite in Sylvania

      Highly visible office space with easy access and no city tax.
      5550 W Central Ave, Toledo, OH 43615
      View Details

    FAQs

    What type of property is this?
    Shopping center - 5,000 SF retail space in busy shopping center.
    Where is this shopping center located?
    The property is located at 3324 Secor Rd Toledo, OH.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in West Toledo's main retail corridor at a signalized intersection on Secor Rd.; - High traffic volume: Secor Rd (21,473 VPD), Central Ave (20,346 VPD), I-475 (63,469 VPD).; - Proximity to major retailers and recently constructed hotels.
    (419) 540-8888
    Request Owner's contact information
    3324 Secor Rd Toledo, OH 43606
    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.
    3324 Secor Rd
    Toledo, OH 43606
    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
    3324 Secor Rd Toledo, OH 43606
    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

    We can help!
    Listing Contact
    Rami Sebai
    Rami Sebai
    Real Estate License ID: #SAL.2021006201
    (419) 540-8888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.