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    Retail Shopping Center Inline Space Title is generated by Realmo AI

    3324 Secor Rd, Toledo, OH 43606

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    For Lease
    $17 SF/Yr $7,083/Mo (calc)

    Inline retail space within a busy shopping center anchored by major retailers and supported by strong street visibility.

    Type:Retail
    Property size:
    5,000 SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 1:46 am

    Property Features for 3324 Secor Rd

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1965

    Spaces For Lease

    at 3324 Secor Rd Contact us

    We can help!

    Listing Contact
    Rami Sebai
    Rami Sebai

    Listing agent Rami Sebai License #OH #SAL.2021006201

    Listing office SVN Ascension

    Listing date Jun 1, 2026

    Source Svn-acre

    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 Ascension

    HighLights

    • 5,000 SF inline retail space available for lease within a 21,212 SF shopping center
    • Located at a signalized intersection on Secor Rd (4 lanes with turning lane) in West Toledo’s primary retail corridor
    • Near multiple Tarta bus stops and just 1/3 mile south of the I‑475 interchange
    • 100+ onsite parking spaces; easy access via signalized intersection plus 3 additional curb cuts
    • Signage available: monument and fascia signage
    • High traffic counts: Secor Rd 21,473 VPD (24), Central Ave 20,346 VPD (24), I‑475 63,469 VPD (25)

    Overview

    An approximately 5,000 SF inline retail space is available within a 21,212 SF retail shopping center. The center offers monument and fascia signage options and is positioned to provide straightforward storefront presence along a primary retail corridor.

    The property sits at a signalized intersection on Secor Rd, a main Toledo throughfare with four lanes and a turning lane. It is located near multiple TARTA bus stops and is about one-third mile south of the I-475 interchange, supporting convenient access for both drivers and transit users. Additional access is available via three extra curb cuts, along with ample onsite parking with 100+ spaces.

    This setting is well suited for a wide range of retail tenants seeking co-tenancy among established neighbors, including Subway and other current operators such as Kira Japanese Steakhouse & Sushi, Classy Nail & Spa, QQ Kitchen, Influence Cafe, and Port Royal Tobacconist. With nearby big-box retailers including Costco, Home Depot, The Fresh Market, Kroger, and Best Buy, the center’s tenant mix supports everyday traffic and visibility for complementary retail and service concepts.
    Location Intelligence

    Current Use by Public Records

    Port Royal Cigars (Bike/Boat/Book/etc) Store QQ Kitchen Restaurant Subway Take-out & Catering Kira Japanese Steakhouse Restaurant Classy nail & spa Nail Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.6211741
    Latitude
    41.6814389

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    FAQs

    What type of property is this?
    Shopping center - Inline retail space within a busy shopping center anchored by major retailers and supported by strong street visibility.
    Where is this shopping center located?
    The property is located at 3324 Secor Rd Toledo, OH.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 5,000 SF inline retail space available for lease within a 21,212 SF shopping center; Located at a signalized intersection on Secor Rd (4 lanes with turning lane) in West Toledo’s primary retail corridor; Near multiple Tarta bus stops and just 1/3 mile south of the I‑475 interchange
    (419) 377-0797
    We can help!
    Listing Contact
    Rami Sebai
    Rami Sebai
    Real Estate License ID: OH #SAL.2021006201
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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