Retail Space Available For
For Sale
Contact for pricing
5455 Airport Hwy, Toledo, OH 43615
16,691 SqFt retail space available for purchase.
Property Size16,691 SF
Price / SF$104.85
Days on Market203
Property Features for 5455 Airport Hwy
General Information
Standard status
Active
Size
16,691 SF
Property subtype
Retail
Zoning
commercial
Building Details
Year Renovated
2018
Listing Agency:
CRS, Commercial Real Estate Services
Listed By:
Leo Gonzalez · License #MI 6502126741
Source:
Crexi
Added: Mar 18
Changed: Sep 24
Last Checked: Oct 5 at 4:32PM
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 CRS, Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This is a retail space offering, encompassing 16,691 square feet. The property is located on Airport Hwy in Toledo, OH. It is suitable for retail use.
Key Highlights
- Retail Property
- 16,691 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,821
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,176,420
$2.2M
Cap Rate 7%
$1,554,586
$1.6M
Cap Rate 9%
$1,209,122
$1.2M
Market Conditions
NOI Build-Up for 16,691 SF
Gross rent
$168.2K $10.08/SF
− Vacancy
−$12.8K −$0.77/SF
EGI
$155.5K $9.31/SF
− OpEx
−$46.6K −$2.79/SF
NOI
$108.8K $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 Rate 5%
$2,176,420
Cap Rate 7%
$1,554,586
Cap Rate 9%
$1,209,122
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,821 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,443 @ 7.0% cap · market cap 11.11%
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
381
Businesses Nearby
90k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Home Improvements & Furnishings 30%
Shops & Services 21%
Electronics 13%
Lowe's
Home Improvements & Furnishings
26,669 visits/mo
0.2 miles
Wendy's
Dining
13,729 visits/mo
0.2 miles
Starbucks
Dining
11,710 visits/mo
0.2 miles
Pet Supplies Plus
Shops & Services
10,023 visits/mo
0.0 miles
Verizon
Electronics
6,673 visits/mo
0.2 miles
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 16,691 SqFt retail space available for purchase.
Where is this retail space located?
The property is located at 5455 Airport Hwy Toledo, OH.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Retail Property; 16,691 SqFt
