Waterfront Commercial Property with
For Sale
Contact for pricing
5044 Suder Ave, Toledo, OH 43611
Waterfront commercial property with expansion potential and dock access.
Property Size1,769 SF
Price / SF$197.85
Days on Market175
Property Features for 5044 Suder Ave
General Information
Standard status
Active
Size
1,769 SF
Property subtype
Retail
Zoning
Commercial
Building Details
Year Built
1967
Listing Agency:
Miller Diversified
Listed By:
Matt Kwiatkowski · License #OH 2016004854
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 11 at 6:48PM
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 Miller Diversified
Investment Insights
Based on property information with market context.
This commercial property is located on a busy corner in the Point Place area of Toledo. The property includes a building with over 1,700 square feet of space. There is space available for expansion, along with a large patio overlooking the water with dock access. The property also features two large volleyball courts and frontage on both Suder Avenue and Shoreland Avenue. The zoning allows for potential income opportunities with water frontage and expressway access. The property benefits from high visibility and accessibility.
Key Highlights
- Waterfront property with dock access and large patio overlooking the water.
- High‑visibility corner location in the Point Place area of Toledo with frontage on two streets.
- 1,700+ SF building with space to expand.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,533
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,660
$230.7K
Cap Rate 7%
$164,757
$164.8K
Cap Rate 9%
$128,144
$128.1K
Market Conditions
NOI Build-Up for 1,769 SF
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.
Gross rent
$17.8K $10.08/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$16.5K $9.31/SF
− OpEx
−$4.9K −$2.79/SF
NOI
$11.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,660
Cap Rate 7%
$164,757
Cap Rate 9%
$128,144
Alternative Uses
Best Use
Retail
$164.8K
$144.2K – $192.2K
NOI $11,533 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.4K
$257.6K – $343.5K
NOI $20,608 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 43611, OH
18,505
Population
8,854
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
2,535
Density / Sq Mi
$58,135
Median Household Income
$36,185
Median Earnings
$832
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Waterfront commercial property with expansion potential and dock access.
Where is this retail space located?
The property is located at 5044 Suder Ave Toledo, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Waterfront property with dock access and **large patio overlooking the water.**; High‑visibility corner location in the Point Place area of Toledo with frontage on two streets.; 1,700+ SF building with space to expand.
