Stand-Alone Retail
For Sale
$100,000
410 Winthrop St, Toledo, OH 43620
Standalone retail building with 8 styling-bay layout, off-street parking, and a newer HVAC system.
Property Size1,248 SF
Price / SF$80.13
Days on Market58
Property Features for 410 Winthrop St
General Information
Standard status
Active
Size
1,248 SF
Total Parking Spaces
12
Additional Details
Business Included
Yes
Highway Access
Yes
Listing Agency:
RE/MAX Preferred Associates
(419) 720-5600
Listed By:
Matthew Robert Watson
(419) 913-7570
Source:
Exprealty
Added: Jul 10
Changed: Aug 21
Last Checked: Sep 4 at 7:55AM
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 RE/MAX Preferred Associates
Investment Insights
Based on property information with market context.
410 Winthrop St is a standalone commercial retail building with approximately 1,248 sq. ft. The interior is currently laid out with a welcoming front reception room, a private back office, and an expansive main floor configured for eight styling bays. The property is delivered 100% vacant and ready for immediate possession.
The sale includes existing salon/barbershop furniture and equipment, which can remain with the building. Interior finishes need fresh paint and new flooring, creating a clean slate for a new concept. Construction features include solid block construction and a low-maintenance flat roof, along with a newer HVAC/Central AC system.
The property also benefits from approximately 12 dedicated off-street parking spaces, and an adjacent vacant lot is included with the sale for future expansion or additional parking. Easy access to downtown Toledo and I-75 is noted. The property is sold as-is.
The sale includes existing salon/barbershop furniture and equipment, which can remain with the building. Interior finishes need fresh paint and new flooring, creating a clean slate for a new concept. Construction features include solid block construction and a low-maintenance flat roof, along with a newer HVAC/Central AC system.
The property also benefits from approximately 12 dedicated off-street parking spaces, and an adjacent vacant lot is included with the sale for future expansion or additional parking. Easy access to downtown Toledo and I-75 is noted. The property is sold as-is.
Key Highlights
- Standalone 1,248 SF commercial retail building at 410 Winthrop St, currently 100% vacant and available for immediate possession
- Built‑out layout includes a front reception area, private back office, and expansive main floor with 8 styling bays
- Includes existing salon/barbershop furniture and equipment that can remain with the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,137
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$162,740
$162.7K
Cap Rate 7%
$116,243
$116.2K
Cap Rate 9%
$90,411
$90.4K
Market Conditions
NOI Build-Up for 1,248 SF
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.
Gross rent
$12.6K $10.08/SF
− Vacancy
−$956 −$0.77/SF
EGI
$11.6K $9.31/SF
− OpEx
−$3.5K −$2.79/SF
NOI
$8.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$162,740
Cap Rate 7%
$116,243
Cap Rate 9%
$90,411
Alternative Uses
Best Use
Retail
$116.2K
$101.7K – $135.6K
NOI $8,137 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.7K
$181.7K – $242.3K
NOI $14,539 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,900 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
3,795 visits/mo
0.3 miles
Demographics for 43620, OH
5,019
Population
3,003
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
80%
High-School Grad
1.1 sq mi
ZIP Area
4,563
Density / Sq Mi
$21,405
Median Household Income
$30,539
Median Earnings
$584
Median Rent
$115,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Standalone retail building with 8 styling-bay layout, off-street parking, and a newer HVAC system.
Where is this storefront property located?
The property is located at 410 Winthrop St Toledo, OH.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Standalone 1,248 SF commercial retail building at 410 Winthrop St, currently 100% vacant and available for immediate possession; Built‑out layout includes a front reception area, private back office, and expansive main floor with 8 styling bays; Includes existing salon/barbershop furniture and equipment that can remain with the property
