Residential Income Property Needing
For Sale
Contact for pricing
2010 Airport Hwy, Toledo, OH 43609
Residential income property requiring renovation before completion or repositioning.
Property Size2,178 SF
Price / SF$6.89
Days on Market62
Property Features for 2010 Airport Hwy
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
renovations needed
Site & Location
Neighborhood
Robert J. Worthington, President
Listing Agency:
Blacktree Realty LLC
(419) 654-0399
Listed By:
John Tyler Adams
(419) 779-4933
Source:
Exprealty
Added: Aug 27
Changed: Oct 26
Last Checked: Oct 26 at 4:44PM
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 Blacktree Realty LLC
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Investment Insights
Based on property information with market context.
This residential income property contains 2,178 square feet and requires renovation. The unfinished condition allows the next owner to determine the final scope and direction of the improvements.
The property is located at 2010 Airport Hwy in Toledo, Ohio. Seller financing is available as a potential transaction structure.
The property is located at 2010 Airport Hwy in Toledo, Ohio. Seller financing is available as a potential transaction structure.
Key Highlights
- 2,178‑square‑foot residential income property
- Renovation required, allowing the next owner to define the improvement scope
- Located at 2010 Airport Hwy in Toledo, OH
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,354
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,080
$367.1K
Cap Rate 7%
$262,200
$262.2K
Cap Rate 9%
$203,933
$203.9K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$34.8K $15.96/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$33.4K $15.32/SF
− OpEx
−$15.0K −$6.89/SF
NOI
$18.4K $8.43/SF
Area
Toledo, OH
Vacancy
4.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,080
Cap Rate 7%
$262,200
Cap Rate 9%
$203,933
Alternative Uses
Best Use
Apartment 5plus
$262.2K
$229.4K – $305.9K
NOI $18,354 @ 7.0% cap · market cap 122.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.5K
$317.2K – $422.9K
NOI $25,373 @ 7.0% cap · market cap 169.15%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
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Business Placement
Demographics for 43609, OH
20,519
Population
10,272
Households
2
Avg Household Size
34
Median Age
11%
College-Educated
79%
High-School Grad
4.8 sq mi
ZIP Area
4,275
Density / Sq Mi
$42,510
Median Household Income
$32,819
Median Earnings
$913
Median Rent
$58,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property requiring renovation before completion or repositioning.
Where is this residential income property located?
The property is located at 2010 Airport Hwy Toledo, OH.
What are key features of this property?
This property features: 2,178‑square‑foot residential income property; Renovation required, allowing the next owner to define the improvement scope; Located at 2010 Airport Hwy in Toledo, OH
