Freestanding Equipped
For Sale
Contact for pricing
4782 Monroe, Toledo, OH 43623
Existing restaurant improvements support full-service or quick-service reuse.
Property Size6,878 SF
Lot Size1.31 Acres
Price / SF$200
Days on Market63
Property Features for 4782 Monroe
General Information
Standard status
Active
Size
6,878 SF
Total Parking Spaces
78
Lot size
1.31 Acres
Property subtype
RETAIL
Site & Location
Traffic Count
20,714 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Equipment Included
Yes
Building Details
Buildings
1
Listing Agency:
NAI Harmon Group
(419) 960-4410
Listed By:
Kevin Carr · License ##SAL.2023005394
(419) 705-3662
Source:
Moodyscre
Added: Aug 14
Changed: Oct 10
Last Checked: Oct 12 at 8:35PM
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 NAI Harmon Group
Investment Insights
Based on property information with market context.
This freestanding conventional restaurant includes a 6,878-square-foot building on 1.3094 acres. The property is fully equipped for restaurant operations and offers 78 on-site parking spaces, supporting both full-service and quick-service reuse. Four curb cuts provide access, including three along Monroe St and one at the rear on Violet Rd.
The property is positioned within the established West Toledo/Sylvania retail corridor, where Monroe St carries 20,714 VPD. The surrounding five-mile area has an estimated population of +/- 218,000, with Franklin Park Mall, ProMedica Flower Hospital, dining options, I-475, and US 23 located within minutes.
The existing building, site access, parking, and restaurant infrastructure provide a defined base for continued food-service use or potential redevelopment.
The property is positioned within the established West Toledo/Sylvania retail corridor, where Monroe St carries 20,714 VPD. The surrounding five-mile area has an estimated population of +/- 218,000, with Franklin Park Mall, ProMedica Flower Hospital, dining options, I-475, and US 23 located within minutes.
The existing building, site access, parking, and restaurant infrastructure provide a defined base for continued food-service use or potential redevelopment.
Key Highlights
- 6,878 SF restaurant building situated on 1.3094 acres
- Fully equipped freestanding restaurant with 78 on‑site parking spaces
- Four curb cuts: 3 on Monroe St and 1 on rear Violet Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,369
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,380
$1.0M
Cap Rate 7%
$748,129
$748.1K
Cap Rate 9%
$581,878
$581.9K
Market Conditions
NOI Build-Up for 6,878 SF
Gross rent
$74.3K $10.80/SF
− Vacancy
−$4.5K −$0.65/SF
EGI
$69.8K $10.15/SF
− OpEx
−$17.5K −$2.54/SF
NOI
$52.4K $7.61/SF
Area
Toledo, OH
Vacancy
6.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,380
Cap Rate 7%
$748,129
Cap Rate 9%
$581,878
Alternative Uses
Best Use
Specialty Retail
$748.1K
$654.6K – $872.8K
NOI $52,369 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,126 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
20,714 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,561
Businesses Nearby
489k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 54%
Dining 23%
Shops & Services 22%
Electronics 1%
DICK'S Sporting Goods
Apparel
101,399 visits/mo
0.5 miles
Kohl's
Apparel
78,232 visits/mo
0.2 miles
JCPenney
Apparel
49,131 visits/mo
0.4 miles
Barnes & Noble
Shops & Services
27,080 visits/mo
0.4 miles
Dollar Tree
Shops & Services
25,914 visits/mo
0.3 miles
Demographics for 43623, OH
20,320
Population
10,056
Households
2
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
6.7 sq mi
ZIP Area
3,033
Density / Sq Mi
$65,908
Median Household Income
$40,496
Median Earnings
$933
Median Rent
$167,500
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant improvements support full-service or quick-service reuse.
Where is this conventional restaurant located?
The property is located at 4782 Monroe Toledo, OH.
What is the asking price?
The asking price for this property is $1,375,600.
What are key features of this property?
This property features: 6,878 SF restaurant building situated on 1.3094 acres; Fully equipped freestanding restaurant with 78 on‑site parking spaces; Four curb cuts: 3 on Monroe St and 1 on rear Violet Rd
