Building Details

Year Built 1973

Stories 1

Listing Agency: Signature Associates Toledo

Listed By: Joe Francis · License #Ohio and Michigan Show Phone

Source: Crexi

Added: Dec 7, 2023 Changed: Oct 4 Last Checked: Oct 5 at 3:33PM

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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 commercial real estate offering features a 21,463 square foot industrial warehouse. The property is available for sale.

Key Highlights

• Established property built in 1973

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$158,100

Cap Rate

7.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,162,000 $3.2M

Cap Rate 7%

$2,258,571 $2.3M

Cap Rate 9%

$1,756,667 $1.8M

Market Conditions

NOI Build-Up for 21,463 SF

Gross rent

$193.2K $9.00/SF

− Vacancy

−$7.2K −$0.33/SF

EGI

$186.0K $8.67/SF

− OpEx

−$27.9K −$1.30/SF

NOI

$158.1K $7.37/SF

Area

Toledo, OH

Vacancy

3.71%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,162,000

Cap Rate 7%

$2,258,571

Cap Rate 9%

$1,756,667

Alternative Uses

Best Use

Warehouse

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,100 @ 7.0% cap · market cap 7.90%

Second Best

Industrial

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,200 @ 7.0% cap · market cap 6.51%

Theoretical Best

Office A

$3.57M

$3.13M – $4.17M (±1% cap)

NOI $250,035 @ 7.0% cap · market cap 12.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Z and r trucking Trucking Company Freedom Trans LLC Trucking Company

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

290

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 43612, OH

29,718

Population

13,409

Households

2.2

Avg Household Size

35

Median Age

13%

College-Educated

90%

High-School Grad

11.5 sq mi

ZIP Area

2,584

Density / Sq Mi

$50,484

Median Household Income

$33,770

Median Earnings

$976

Median Rent

$89,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 21,463 sqft warehouse available for sale.

Where is this warehouse located?

The property is located at 4310 Lagrange Street Toledo, OH.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Established property built in 1973