Freestanding Equipped
For Sale
$1,375,600
4782 Monroe St, Toledo, OH 43623
Standalone restaurant facility with existing improvements, substantial parking, and multiple curb cuts along a retail corridor.
Property Size6,878 SF
Days on Market52
Property Features for 4782 Monroe St
General Information
Standard status
Active
Size
6,878 SF
Property subtype
Restaurant/Bar and Redevelopment Opportunity
Building Details
Building Size
6,878 SF
Listing Agency:
NAI Harmon Group
Listed By:
Kevin Carr · License #OH #SAL.2023005394
(419) 705-3662
Source:
Naiglobal
Added: Aug 16
Changed: Sep 29
Last Checked: Oct 5 at 3:21PM
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 restaurant property includes a 6,878-square-foot building on 1.3094 acres. The facility is fully equipped and offers an existing restaurant format suitable for either quick-service or full-service reuse. On-site parking and multiple access points support customer circulation and daily operations.
The property fronts Monroe St, where traffic is reported at 20,714 VPD, with three curb cuts on Monroe St and a fourth access point from Violet Rd. It is positioned within the established West Toledo/Sylvania retail corridor and is minutes from Franklin Park Mall, ProMedica Flower Hospital, dining destinations, I-475, and US 23. The surrounding area has an estimated population of +/- 218,000 within 5 mi.
The property fronts Monroe St, where traffic is reported at 20,714 VPD, with three curb cuts on Monroe St and a fourth access point from Violet Rd. It is positioned within the established West Toledo/Sylvania retail corridor and is minutes from Franklin Park Mall, ProMedica Flower Hospital, dining destinations, I-475, and US 23. The surrounding area has an estimated population of +/- 218,000 within 5 mi.
Key Highlights
- 6,878 SF freestanding restaurant building on 1.3094 acres
- Fully equipped restaurant facility for quick‑service or full‑service reuse
- 78 on‑site parking spaces
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.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Standalone restaurant facility with existing improvements, substantial parking, and multiple curb cuts along a retail corridor.
Where is this conventional restaurant located?
The property is located at 4782 Monroe St 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 freestanding restaurant building on 1.3094 acres; Fully equipped restaurant facility for quick‑service or full‑service reuse; 78 on‑site parking spaces
