Multipurpose Commercial
4256 Secor Rd Toledo, OH 43623
New
For Sale
$995,000
11,184 SF building available for sale or lease on Secor Rd with regional commercial zoning.
Property Size11,184 SF
Price / SF$88.97
Days on Market4
Property Features for 4256 Secor Rd
General Information
Standard status
Active
Size
11,184 SF
Property subtype
Retail - Freestanding
Building Details
Year Built
1953
Listing Agency:
SVN | Ascension Commercial Realty
(419) 540-8888
Listed By:
Rami Sebai · License ##SAL.2021006201
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 28 at 9:32AM
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 Commercial Realty
Investment Insights
Based on property information with market context.
This 11,184 SF building is available for sale or lease and is located on Secor Rd in Toledo. The property has been used in the past as a dog spa, and the remarks also reference a former Knights of Columbus use, supporting flexible reuse possibilities for appropriate tenants. Zoning is described as Regional Commercial and Single Family Residence.
The site is positioned on Secor Rd between W Sylvania Ave and Laskey Rd, across from Toledo Clinic, with St. Anne's Hospital directly across the street as well. It is just over 1/2 mile north of the I-475 entrance, and is minutes from Franklin Park Mall and Westgate Shopping.
The building’s current fit and best uses should be confirmed based on the zoning and tenant requirements, but the layout has accommodated both service-oriented and community-oriented operations in prior use.
The site is positioned on Secor Rd between W Sylvania Ave and Laskey Rd, across from Toledo Clinic, with St. Anne's Hospital directly across the street as well. It is just over 1/2 mile north of the I-475 entrance, and is minutes from Franklin Park Mall and Westgate Shopping.
The building’s current fit and best uses should be confirmed based on the zoning and tenant requirements, but the layout has accommodated both service-oriented and community-oriented operations in prior use.
Key Highlights
- 11,184 SF building built in 1953 available for sale or lease on Secor Rd
- Regional Commercial zoning, with Single Family Residence zoning noted for the property
- Former dog spa—previous business use for potential repurposing
Financial Insights For 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 | $112.7k | $10.08 |
| − Vacancy | −$8.6k | −$0.77 |
| EGI | $104.2k | $9.31 |
| − OpEx | −$31.3k | −$2.79 |
| NOI | $72.9k | $6.52 |
11,184 SF · lease $10.08/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.04M
$911.5K – $1.22M
NOI $72,917 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,289 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 11,184 SF building available for sale or lease on Secor Rd with regional commercial zoning.
Where is this retail space located?
The property is located at 4256 Secor Rd Toledo, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 11,184 SF building built in 1953 available for sale or lease on Secor Rd; Regional Commercial zoning, with Single Family Residence zoning noted for the property; Former dog spa—previous business use for potential repurposing
