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    4735 Monroe St Toledo, OH 43623

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    For Sale
    $990,000

    6,000 SF retail plaza with high visibility and traffic.

    Property size:
    6,000 SF
    Lot size:
    0.83 Acres

    Property Features for 4735 Monroe St

    General Information

    Size
    6,000 SF
    Lot size
    0.83 Acres

    Source: Reichle | Klein Group Agent Duke Wheeler

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

    Overview

    Multi-Tenant Retail Strip Plaza

    This 6,000 SF multi-tenant retail strip plaza features two long-term tenants, Cirilla's and Steel Addictions Tattoo, along with a new tenant, Total Wireless. The property benefits from excellent visibility, enhanced by pylon signage at both entrances. It experiences high vehicular traffic, supported by easy access to Monroe Street and Sylvania Avenue, with 18,779 vehicles per day on Sylvania Ave. and 20,308 vehicles per day on Monroe St. The location has a dense daytime population of approximately 102,000 people within a 3-mile radius. Ample parking is available on the property. The property has a cap rate of 7.59% and a Net Operating Income of $75,180, with an average rent of $12.53/SF NNN.
    Location Intelligence

    Current Use by Public Records

    Tim Hortons Coffee Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -83.6289809
    Latitude
    41.6919964

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    FAQs

    What type of property is this?
    Strip mall - 6,000 SF retail plaza with high visibility and traffic.
    Where is this strip mall located?
    The property is located at 4735 Monroe St Toledo, OH.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: - High vehicular traffic (18,779 vpd on Sylvania Ave. and 20,308 vpd on Monroe St.); - Boasts a Cap Rate of 7.59%; - Net Operating Income = $75,180
    (419) 346-5826
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    Toledo, OH 43623
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    Realmo Value Estimation

    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.

    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.

    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
    4735 Monroe St Toledo, OH 43623
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