2040 Ottawa River Rd, Toledo, OH
Multi-tenant retail property in Toledo, OH with seller financing.
- Added:
- Nov 24, 2025
- Days on Market:
- 221
- Last Refresh:
- May 20 at 9:55 pm
Property Features for 2040 Ottawa River Rd
General Information
- Standard status
- Active
- Size
- 11,116 SF
- Lot size
- 1.01 Acres
- Property subtype
- RETAIL
Listing office Legacy Real Estate Advisors (248) 450-3257
Listing date Nov 24, 2025
Source Moodyscre
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 Legacy Real Estate Advisors
HighLights
- Seller financing available (75% LTV)
- Roof replaced in 2021 with a 20‑year transferable warranty
- High traffic counts: 11,000+ vehicles pass the site daily
- Dense demographics: 33,000+ residents within a 3‑mile radius
- Strong daytime employee base: 21,000+ within a 3‑mile radius
- Multi‑tenant property in Toledo, OH
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.1k | $10.80 |
| − Vacancy | −$7.2k | −$0.65 |
| EGI | $112.8k | $10.15 |
| − OpEx | −$28.2k | −$2.54 |
| NOI | $84.6k | $7.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Wood
- State
- Ohio
- Longitude
- -83.4981
- Latitude
- 41.7082
