Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Dorr Street Development Site Title is generated by Realmo AI

    649 Dorr St, Toledo, OH 43604

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.55 acre development site on Dorr Street for sale.

    Type:Land
    Lot size:
    0.55 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    95
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 649 Dorr St

    General Information

    Standard status
    Active
    Lot size
    0.55 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mike Scannell
    Mike Scannell

    Listing agent Mike Scannell License #OH 292744

    Listing office SVN Ascension Commercial Realty

    Listing date Feb 6, 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 SVN Ascension Commercial Realty

    HighLights

    • Located in a Toledo Opportunity Zone, offering potential capital gains tax advantages.
    • 0.55 acre development site on Dorr St, a major thoroughfare.
    • Proximity to Downtown Toledo (1 mile) and The University of Toledo.
    • Convenient access to I‑75 interchange (1/2 mile).
    • Frontage on Dorr St, providing high visibility.
    • Situated near the Collingwood Blvd and Dorr St intersection.

    Overview

    This 0.55-acre development site is available for sale. It fronts Dorr Street, a main thoroughfare connecting Downtown Toledo to The University of Toledo. The property is situated just west of the Collingwood Boulevard and Dorr Street intersection, approximately 0.5 miles west of the I-75 interchange, and about 1 mile west of Downtown Toledo. The location is within a Toledo Opportunity Zone, potentially offering capital gains tax advantages for qualifying investments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.5595301
    Latitude
    41.6527075

    Nearby Similar for Sale

    • $814,999
      8,820 SF

      New Mixed-Use Building For Sale

      100% occupied, newly constructed mixed-use building near Ohio/Michigan border.
      6195 Lewis Ave, Toledo, OH 43612
      View Details
    • $799,000
      13,200 SF

      Historical Building in Toledo Warehouse

      13,200 SF historical building in Toledo's Warehouse District.
      20 S. Ontario St., Toledo, OH 43604
      View Details
    • $600,000
      3,304 SF

      NNN Leased Investment Property

      NNN leased investment property in Toledo, OH with 15-year lease.
      4842 Dorr St, Toledo, OH
      View Details
    • $399,000
      4,750 SF

      Freestanding Retail Building For Sale

      Single-tenant retail building with ample parking and signage.
      1131 W Alexis Rd | Toledo, OH 43612
      View Details
    • $850,000
      23,600 SF

      Historic Building in Prime Location

      23,600 SF historic building in the heart of the city.
      241 N Superior St, Toledo, OH 43604
      View Details
    • $380,000
      7,200 SF

      West Toledo Multi-Use Opportunity

      7,200 SF office building for sale or lease.
      4221 W Alexis Rd, Toledo, OH 43613
      View Details
    • $375,000

      Established Car Wash Business Opportunity

      Operating car wash with automatic and self-service bays for sale.
      2812 Douglas Road, Toledo, OH 43606
      View Details
    • $849,999
      2,306 SF

      Freestanding Building at Ohio/Michigan Border

      Freestanding building with retail and flex space for lease.
      6195 Lewis Ave, Toledo, OH
      View Details
    • $245,000

      Toledo Car Wash For Sale

      Operating car wash business, equipment, and real estate for sale.
      919 Western Avenue, Toledo, OH 43609
      View Details
    • $3,995,000
      105,674 SF

      Toledo Westgate Area Office Building

      Seven-story office building for sale or lease in Toledo.
      3103 & 3301 Executive Pkwy, Toledo, OH 43606
      View Details
    • $500,000

      Heatherdowns Blvd Car Wash For Sale

      Car wash with manual and touchless bays on heavily travelled road.
      4425 Heatherdowns Blvd., Toledo, OH 43614
      View Details
    • $3,995,000
      6,344 SF

      Executive Building Office Space Available

      Office spaces for lease in Toledo's Westgate area.
      3103 Executive Pkwy, Toledo, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.55 acre development site on Dorr Street for sale.
    Where is this commercial land located?
    The property is located at 649 Dorr St Toledo, OH.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Located in a Toledo Opportunity Zone, offering potential capital gains tax advantages.; 0.55 acre development site on Dorr St, a major thoroughfare.; Proximity to Downtown Toledo (1 mile) and The University of Toledo.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Scannell
    Mike Scannell
    Real Estate License ID: OH 292744
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    649 Dorr St, Toledo, OH 43604
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!