Clear Span Industrial
2717 N Reynolds Rd Toledo, OH 43615
2717 N Reynolds Rd, Toledo, OH, 43615
$350,000
For Sale
$350,000
Small clear-span industrial building with updated office space and mezzanine storage plus fenced storage behind.
Property Size4,160 SF
Price / SF$84.13
Days on Market614
Property Features for 2717 N Reynolds Rd
General Information
- Standard status
- Active
- Size
- 4,160 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1959
Listing agency
Signature Associates - Toledo
(419) 215-1008
Listed by
Megan Malczewski
(419) 215-1008
Source
Cpix.resimplifi
Added: Nov 15, 2024 Updated: Jul 22 at 10:26AM Checked: Jul 22 at 10:26AM
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 Signature Associates - Toledo
Investment Insights
Based on property information with market context.
This small, functional industrial/commercial building features clear-span space with an updated office area. Additional storage includes mezzanine storage, along with a storage area located behind the building.
The property is in Sylvania Twp, with convenient proximity to Central Avenue and US-23/I-475.
Ideal for users seeking compact clear-span space supported by dedicated office and vertical/mezzanine storage options, with supplementary storage available behind the structure.
The property is in Sylvania Twp, with convenient proximity to Central Avenue and US-23/I-475.
Ideal for users seeking compact clear-span space supported by dedicated office and vertical/mezzanine storage options, with supplementary storage available behind the structure.
Key Highlights
- 1959‑built small clear‑span industrial/commercial building
- Updated office area
- Mezzanine storage
Local Financial Insights For Warehouse
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 | $37.4k | $9.00 |
| − Vacancy | −$1.4k | −$0.33 |
| EGI | $36.1k | $8.67 |
| − OpEx | −$5.4k | −$1.30 |
| NOI | $30.6k | $7.37 |
4,160 SF · lease $9.00/SF/yr · vacancy 3.71% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$437.8K
$383.0K – $510.7K
NOI $30,643 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$692.3K
$605.8K – $807.7K
NOI $48,462 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Self-Storage at U-Haul — 2701 N Reynolds Rd, Toledo, OH 43615
FAQs
What type of property is this?
Warehouse - Small clear-span industrial building with updated office space and mezzanine storage plus fenced storage behind.
Where is this warehouse located?
The property is located at 2717 N Reynolds Rd Toledo, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1959‑built small clear‑span industrial/commercial building; Updated office area; Mezzanine storage
