Listing Agency: Reichle | Klein Group Show Phone

Listed By: Jerry Malek, CCIM, SIOR Show Phone

Source: Moodyscre

Added: May 30, 2025 Changed: Oct 10 Last Checked: Oct 16 at 11:25AM

Report an Issue

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 Reichle | Klein Group

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This truck terminal occupies an open 6.7-acre property on South Ave. Improvements include an 8,800-square-foot warehouse, 960 square feet of office space, and a 2,640-square-foot garage. The site layout includes truck terminals positioned at the center, with truck and trailer areas on both the east and west sides.

Open land surrounds the improvements and supports ingress, egress, and navigation across the property. The combined building area totals 12,400 square feet, offering warehouse, office, and garage components within one industrial operation.

Key Highlights

• Open 6.7‑acre property on South Ave.
• 8,800 SF warehouse
• 960 SF of office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$91,341

Cap Rate

5.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,826,820 $1.8M

Cap Rate 7%

$1,304,871 $1.3M

Cap Rate 9%

$1,014,900 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,400 SF

Gross rent

$111.6K $9.00/SF

− Vacancy

−$4.1K −$0.33/SF

EGI

$107.5K $8.67/SF

− OpEx

−$16.1K −$1.30/SF

NOI

$91.3K $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%

$1,826,820

Cap Rate 7%

$1,304,871

Cap Rate 9%

$1,014,900

Alternative Uses

Best Use

Warehouse

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,341 @ 7.0% cap · market cap 5.74%

Second Best

Industrial

$1.07M

$940.3K – $1.25M (±1% cap)

NOI $75,222 @ 7.0% cap · market cap 4.73%

Theoretical Best

Office A

$2.06M

$1.81M – $2.41M (±1% cap)

NOI $144,455 @ 7.0% cap · market cap 9.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

YRC Freight Trucking Company

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Restaurant Nail Salon

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

163

Businesses Nearby

Explore this area Business Placement

Demographics for 43615, OH

39,449

Population

19,620

Households

2

Avg Household Size

40

Median Age

28%

College-Educated

93%

High-School Grad

16.5 sq mi

ZIP Area

2,391

Density / Sq Mi

$58,466

Median Household Income

$38,196

Median Earnings

$1,014

Median Rent

$137,300

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

Similar For Sale Nearby

See more

Two-Building Industrial Warehouse

2114 Champlain St, Toledo, OH 43611

$325,000

View details

Warehouse Near I-75

399 Phillips Ave, Toledo, OH 43612

$1,500,000

29,092 SF

View details

Warehouse with Office and Shop Space

3112 Bellevue Rd, Toledo, OH 43606

Contact for pricing

12,554 SF

View details

Flex Warehouse with Loading Access

3116-3124 Bellevue Rd, Toledo, OH 43606

Contact for pricing

12,554 SF

View details

Connected Warehouse Space Near UT

3164 Bellevue Rd, Toledo, OH 43606

Contact for pricing

12,846 SF

View details

Warehouse with Loading Docks

7311 W Central Ave, Toledo, OH 43617

$2,100,000

View details

Flex Space with Heavy Power

300 S Byrne Rd, Toledo, OH 43607

$700,000

22,797 SF

View details

Industrial Warehouse with Secure Fencing

304 N Westwood Ave, Toledo, OH 43607

Contact for pricing

9,828 SF

View details

Secure-Fenced Warehouse Facility

300 North Westwood Avenue, Toledo, OH 43607

Contact for pricing

9,828 SF

View details

Warehouse With Dock Access

227 S Fearing Blvd, Toledo, OH 43609

Contact for pricing

17,469 SF

View details

Auto Shop with Repair Bays

3338 Dorr St, Toledo, OH 43607

$499,999

3,680 SF

View details

Industrial Warehouse For Sale

4310 Lagrange Street, Toledo, OH 43612

Contact for pricing

21,463 SF

View details

Frequently Asked Questions

What type of property is this?

Truck terminal - Industrial property combines warehouse, office, garage, and open land supporting truck and trailer movement.

Where is this truck terminal located?

The property is located at 4431 South Ave Toledo, OH.

What is the asking price?

The asking price for this property is $1,590,000.

What are key features of this property?

This property features: Open 6.7‑acre property on South Ave.; 8,800 SF warehouse; 960 SF of office space