Manufacturing Building with
For Sale
Contact for pricing
6255 Suder Ave, Toledo, OH 43611
Manufacturing building with heavy power, four 10-ton cranes, gas and air compressor lines, and large perimeter warehouse exhaust fans.
Property Size45,320 SF
Price / SF$99.18
Days on Market121
Property Features for 6255 Suder Ave
General Information
Standard status
Active
Size
45,320 SF
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 6255 Suder Ave Contact us- Floor
- 1
- Size
- 45,320 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
- Sublease
- No
6255 Suder Ave
Heavy power with existing cranes
• Gas lines and compressor lines throughout
...
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Contact us
Listing Agency:
Reichle | Klein Group
(419) 861-1100
Listed By:
Joe Belinske · License #0000320016
(419) 367-1001
Source:
Moodyscre
Added: May 20
Changed: Sep 3
Last Checked: Sep 16 at 4:23PM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
This manufacturing property is set up for heavy industrial use, with heavy power and air lines throughout the building. The facility includes four (4) 10-ton cranes and large exhaust fans on perimeter walls in the warehouse. Gas lines and compressor lines are located throughout, supporting process air needs.
On-site compressed air includes two air compressor/dryers: a primary unit rated at 50 Hp with 6,100 hours, and a secondary unit rated at 25 Hp with 3,000 hours. The property totals 45,320 square feet and is located at 6255 Suder Ave in Toledo, Ohio.
From an access standpoint, the site is 1.08 miles to I-75 and approximately 17 miles to I-80/90. It is located on the Ohio and Michigan border, supporting regional logistics connectivity.
On-site compressed air includes two air compressor/dryers: a primary unit rated at 50 Hp with 6,100 hours, and a secondary unit rated at 25 Hp with 3,000 hours. The property totals 45,320 square feet and is located at 6255 Suder Ave in Toledo, Ohio.
From an access standpoint, the site is 1.08 miles to I-75 and approximately 17 miles to I-80/90. It is located on the Ohio and Michigan border, supporting regional logistics connectivity.
Key Highlights
- Four (4) 10‑ton cranes for heavy lifts
- Heavy power and air lines throughout the building
- Gas lines and compressor lines throughout
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
$274,923
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
6.12%
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%
$5,498,460
$5.5M
Cap Rate 7%
$3,927,471
$3.9M
Cap Rate 9%
$3,054,700
$3.1M
Market Conditions
NOI Build-Up for 45,320 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
$407.9K $9.00/SF
− Vacancy
−$15.1K −$0.33/SF
EGI
$392.7K $8.67/SF
− OpEx
−$117.8K −$2.60/SF
NOI
$274.9K $6.07/SF
Area
Toledo, OH
Vacancy
3.71%
Lease Rate
$9.00 /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%
$5,498,460
Cap Rate 7%
$3,927,471
Cap Rate 9%
$3,054,700
Alternative Uses
Best Use
Industrial
$3.93M
$3.44M – $4.58M
NOI $274,923 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.54M
$6.60M – $8.80M
NOI $527,960 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing building with heavy power, four 10-ton cranes, gas and air compressor lines, and large perimeter warehouse exhaust fans.
Where is this manufacturing property located?
The property is located at 6255 Suder Ave Toledo, OH.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Four (4) 10‑ton cranes for heavy lifts; Heavy power and air lines throughout the building; Gas lines and compressor lines throughout
