NNN Leased Investment
For Sale
$600,000
4842 Dorr St, Toledo, OH 43615
NNN leased investment property in Toledo, OH with 15-year lease.
Property Size3,304 SF
Price / SF$181.60
Days on Market20749
Property Features for 4842 Dorr St
General Information
Standard status
Active
Size
3,304 SF
Property subtype
Retail
Zoning
CR
Amenities
Water
Sewer
Building Details
Year Built
2008
Listing Agency:
SVN | Silveri Company
Listed By:
Peter Colvin · License #6501197270
(616) 893-1398
Source:
Carwm.resimplifi
Added: Jan 1, 1970
Changed: Sep 25
Last Checked: Oct 20 at 5:16PM
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 SVN | Silveri Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This NNN leased investment property is located in Toledo, OH. The property is situated on a hard corner near Inverness Club. It features a 15-year absolute triple net lease with 1.5% annual rent increases, plus renewal options. The property is leased to Costa Ten Minute Oil Change, a quick lube company with approximately 50 current locations and plans to open 250 more locations. The property previously housed an auto detail business with a tunnel car wash before being converted into a two-bay Costa Oil Change and car wash. The tunnel wash remains and generates income for the Costa Oils operator and serves their customers as well as the area residents. The property is located in a heavily populated area with over 220,000 people living within a 5-mile radius. The building size is 3,304 square feet.
Key Highlights
- 15‑year absolute triple net lease with 1.5% annual rent increases and renewal options.
- NNN leased investment property with generous cap rate and price.
- Located on a hard corner in Ottawa Hills, Toledo OH.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,157
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,140
$503.1K
Cap Rate 7%
$359,386
$359.4K
Cap Rate 9%
$279,522
$279.5K
Market Conditions
NOI Build-Up for 3,304 SF
Gross rent
$35.7K $10.80/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$33.5K $10.15/SF
− OpEx
−$8.4K −$2.54/SF
NOI
$25.2K $7.61/SF
Area
Toledo, OH
Vacancy
6.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,140
Cap Rate 7%
$359,386
Cap Rate 9%
$279,522
Alternative Uses
Best Use
Specialty Retail
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 4.19%
Second Best
Retail
$307.7K
$269.3K – $359.0K
NOI $21,541 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$549.9K
$481.1K – $641.5K
NOI $38,490 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
20k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
15,656 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
4,138 visits/mo
0.5 miles
Demographics for 43615, OH
39,449
Population
19,620
Households
2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
16.5 sq mi
ZIP Area
2,391
Density / Sq Mi
$58,466
Median Household Income
$38,196
Median Earnings
$1,014
Median Rent
$137,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Piasecki Towing Service — Suite A, 5055 Dorr St, Toledo, OH 43615
- Rads Automotive Repair — 1629 Hess Rd, Toledo, OH 43615
- Costa Oil - 10 Minute Oil Change - Toledo Dorr St. — 4842 Dorr St, Toledo, OH 43615
- Hasty's Service, Inc — 4738 Dorr St, Toledo, OH 43615
- Savoy Motors — 1921 N Reynolds Rd, Toledo, OH 43615
Frequently Asked Questions
What type of property is this?
Auto shop - NNN leased investment property in Toledo, OH with 15-year lease.
Where is this auto shop located?
The property is located at 4842 Dorr St Toledo, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 15‑year absolute triple net lease with 1.5% annual rent increases and renewal options.; NNN leased investment property with generous cap rate and price.; Located on a hard corner in Ottawa Hills, Toledo OH.
