Automotive Dealership and Service
For Sale
Contact for pricing
441 Spencer St, Toledo, OH 43609
Portfolio offering two automotive sites with fenced lots and commercial zoning, featuring dealership/showroom, retail, and service shop buildings.
Property Size30,000 SF
Price / SF$150
Days on Market254
Property Features for 441 Spencer St
General Information
Standard status
Active
Size
30,000 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Sarah Abts
Fenced Yard
Yes
Additional Details
Business Included
Yes
Building Details
Buildings
4
Listing Agency:
Hanna Commercial Real Estate | Ann Arbor
(734) 222-0418
Listed By:
David Mrachko · License #SAL.2012003123
(216) 214-1197
Source:
Moodyscre
Added: Feb 16
Changed: Oct 25
Last Checked: Oct 26 at 7:26PM
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 Hanna Commercial Real Estate | Ann Arbor
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This portfolio includes two separate automotive real estate locations, each comprised of multiple parcels that could not be merged due to differing directions of the parcels. The first site at 1020 N Reynolds Rd, Toledo, OH 43615 includes parcels including 1002 N Reynolds, 1020 N Reynolds, and 1024 N Reynolds, plus parcels at 5145 Ancil and 5141 Ancil. This location has two buildings: a 3,060 SF shop and a 2,644 SF retail building.
The second site at 441 Spencer St, Toledo, OH 43609 includes parcels listed as 441 Spencer St and multiple parcels on South Ave (1338, 1332, 1334, and 1356 South Ave). This site also has two buildings: a 7,680 SF dealership building with showroom/parts/service bays and a 2,663 SF shop. Both locations include fenced lots and are identified as having commercial zoning.
The second site at 441 Spencer St, Toledo, OH 43609 includes parcels listed as 441 Spencer St and multiple parcels on South Ave (1338, 1332, 1334, and 1356 South Ave). This site also has two buildings: a 7,680 SF dealership building with showroom/parts/service bays and a 2,663 SF shop. Both locations include fenced lots and are identified as having commercial zoning.
Key Highlights
- Two automotive locations in Toledo, OH, each with fenced lots and commercial zoning
- 1020 N Reynolds Rd site: 2 buildings totaling 3,060 SF shop and 2,644 SF retail building
- 1020 N Reynolds Rd parcels listed: 1002 N Reynolds, 1020 N Reynolds, 1024 N Reynolds, 5145 Ancil, and 5141 Ancil (approx. 1.2 acres total)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$195,592
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,911,840
$3.9M
Cap Rate 7%
$2,794,171
$2.8M
Cap Rate 9%
$2,173,244
$2.2M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$302.4K $10.08/SF
− Vacancy
−$23.0K −$0.77/SF
EGI
$279.4K $9.31/SF
− OpEx
−$83.8K −$2.79/SF
NOI
$195.6K $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 Rate 5%
$3,911,840
Cap Rate 7%
$2,794,171
Cap Rate 9%
$2,173,244
Alternative Uses
Best Use
Retail
$2.79M
$2.44M – $3.26M
NOI $195,592 @ 7.0% cap · market cap 4.35%
Second Best
Industrial
$2.60M
$2.27M – $3.03M
NOI $181,988 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$4.99M
$4.37M – $5.82M
NOI $349,488 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Marco's Pizza
Dining
2,887 visits/mo
0.3 miles
Demographics for 43609, OH
20,519
Population
10,272
Households
2
Avg Household Size
34
Median Age
11%
College-Educated
79%
High-School Grad
4.8 sq mi
ZIP Area
4,275
Density / Sq Mi
$42,510
Median Household Income
$32,819
Median Earnings
$913
Median Rent
$58,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Dave's Auto Service — 906 Woodsdale Ave, Toledo, OH 43609
- South toledo towing service — 1710 arlington ave, toledo, oh 43609
- Easy Auto Repairs Mobile Mechanic — 1710 Arlington Ave, Toledo, OH 43609
- Big Chop's Custom Cycle Parts & Repair — 2128 Broadway St, Toledo, OH 43609
- K & K Auto Body — 1450 South Ave, Toledo, OH 43609
Frequently Asked Questions
What type of property is this?
Auto shop - Portfolio offering two automotive sites with fenced lots and commercial zoning, featuring dealership/showroom, retail, and service shop buildings.
Where is this auto shop located?
The property is located at 441 Spencer St Toledo, OH.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two automotive locations in Toledo, OH, each with fenced lots and commercial zoning; 1020 N Reynolds Rd site: 2 buildings totaling 3,060 SF shop and 2,644 SF retail building; 1020 N Reynolds Rd parcels listed: 1002 N Reynolds, 1020 N Reynolds, 1024 N Reynolds, 5145 Ancil, and 5141 Ancil (approx. 1.2 acres total)
