Salon Retail
1651 Hess Rd, Toledo, OH 43615
For Sale
New
Contact for pricing
Salon infrastructure and additional second-floor and adjacent-suite space are part of the offering.
Property Size3,296 SF
Price / SF$91.02
Days on Market6
Property Features for 1651 Hess Rd
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Site & Location
Neighborhood
Additional Details
Cap Rate
Tenant in Place
Listing Agency:
Wiens & Roth Real Estate
Listed By:
Aaron Wiens · License #6504386409
(734) 777-0490
Source:
Moodyscre
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 6 at 9:52AM
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 Wiens & Roth Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,296-square-foot retail property includes salon improvements, eight active stations, a second-floor area and neighboring suites. Its CR zoning allows personal-service, office and specialty retail uses.
The property is located at 1651 Hess Rd in Toledo, Ohio. Current in-place income reflects a 9.83% cap rate.
The property is located at 1651 Hess Rd in Toledo, Ohio. Current in-place income reflects a 9.83% cap rate.
Key Highlights
- Eight active salon stations; salon infrastructure transfers with the property
- 3,296 square feet of retail space
- CR zoning allows personal service, office and specialty retail uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,489
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,780
$429.8K
Cap Rate 7%
$306,986
$307.0K
Cap Rate 9%
$238,767
$238.8K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$33.2K $10.08/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$30.7K $9.31/SF
− OpEx
−$9.2K −$2.79/SF
NOI
$21.5K $6.52/SF
Area
Toledo, OH
Vacancy
7.60%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,780
Cap Rate 7%
$306,986
Cap Rate 9%
$238,767
Alternative Uses
Best Use
Retail
$307.0K
$268.6K – $358.2K
NOI $21,489 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.5K
$480.0K – $640.0K
NOI $38,397 @ 7.0% cap · market cap 12.80%
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
501
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 42%
Apparel 2%
Electronics 1%
Speedway
Shops & Services
15,656 visits/mo
0.2 miles
Taco Bell
Dining
9,063 visits/mo
0.2 miles
Tim Hortons
Dining
6,285 visits/mo
0.2 miles
Fifth Third Bank & ATM
Shops & Services
4,138 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,391 visits/mo
0.1 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
Properties on Market for Retail space in Toledo
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Salon infrastructure and additional second-floor and adjacent-suite space are part of the offering.
Where is this retail space located?
The property is located at 1651 Hess Rd Toledo, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Eight active salon stations; salon infrastructure transfers with the property; 3,296 square feet of retail space; CR zoning allows personal service, office and specialty retail uses
