5038 & 5044 Lewis Ave, Toledo, OH 43612
Two adjacent commercial buildings configured for restaurant use.
- Added:
- Feb 28, 2026
- Days on Market:
- 103
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 5038 & 5044 Lewis Ave
General Information
- Standard status
- Active
- Size
- 4,260 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing agent Becky Beck License #OH SAL.2023004979
Listing office NAI Harmon Group
Listing date Feb 28, 2026
Source Crexi
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
HighLights
- Two adjacent commercial buildings totaling 4,260 SF
- Currently configured for restaurant use
- Two commercial kitchens
- Dining area improvements
- Back of house equipment included
- All FF&E is included in the sale
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.0k | $10.80 |
| − Vacancy | −$2.8k | −$0.65 |
| EGI | $43.2k | $10.15 |
| − OpEx | −$10.8k | −$2.54 |
| NOI | $32.4k | $7.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Wood
- State
- Ohio
- Longitude
- -83.5659373
- Latitude
- 41.7081638
