Mixed-Use Retail and Office
For Sale
Contact for pricing
6820 W Sylvania Ave, Sylvania, OH 43560
B-1-zoned property combines retail, office, and an apartment unit with parking behind the building.
Property Size11,200 SF
Price / SF$0.00
Days on Market276
Property Features for 6820 W Sylvania Ave
General Information
Standard status
Active
Size
11,200 SF
Total Parking Spaces
90
Property subtype
Retail, Industrial
Zoning
B-1
Property Condition
Severity
Repairs Needed
Evidence
Building needs TLC.
Building Details
Building Size
11,200 SF
Year Built
1952
Stories
2
Listing Agency:
Signature Associates - Toledo
Listed By:
Zachary Liber
(419) 367-4331
Source:
Cpix.resimplifi
Added: Jan 14
Changed: Oct 12
Last Checked: Oct 16 at 5:41AM
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 Signature Associates - Toledo
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Investment Insights
Based on property information with market context.
This 11,200-square-foot mixed-use building contains retail and office areas along with an apartment unit. Constructed in 1952, the property requires TLC and may be reconfigured for multiple tenants. Lifts are available for separate purchase.
The property is zoned B-1 and includes substantial parking behind the building. Prospective users should verify permitted uses under the applicable zoning. The existing combination of commercial and residential space provides a varied configuration within one building.
The property is zoned B-1 and includes substantial parking behind the building. Prospective users should verify permitted uses under the applicable zoning. The existing combination of commercial and residential space provides a varied configuration within one building.
Key Highlights
- 11,200‑square‑foot mixed‑use building with retail, office, and apartment space
- B‑1 zoning; verify permitted uses
- Substantial parking behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,593
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,860
$1.2M
Cap Rate 7%
$851,329
$851.3K
Cap Rate 9%
$662,144
$662.1K
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$87.4K $7.80/SF
− Vacancy
−$2.2K −$0.20/SF
EGI
$85.1K $7.60/SF
− OpEx
−$25.5K −$2.28/SF
NOI
$59.6K $5.32/SF
Area
Lucas County, OH
Vacancy
2.55%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,860
Cap Rate 7%
$851,329
Cap Rate 9%
$662,144
Alternative Uses
Best Use
Mixed Use
$1.37M
$1.20M – $1.60M
NOI $96,057 @ 7.0% cap · market cap 800,475.00%
Second Best
Office B
$1.32M
$1.16M – $1.54M
NOI $92,618 @ 7.0% cap · market cap 771,816.67%
Theoretical Best
Specialty Retail
$2.05M
$1.79M – $2.39M
NOI $143,489 @ 7.0% cap · market cap 1,195,741.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 43560, OH
34,204
Population
13,107
Households
2.6
Avg Household Size
42
Median Age
53%
College-Educated
98%
High-School Grad
21.2 sq mi
ZIP Area
1,613
Density / Sq Mi
$104,865
Median Household Income
$59,940
Median Earnings
$1,102
Median Rent
$262,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B-1-zoned property combines retail, office, and an apartment unit with parking behind the building.
Where is this mixed-use property located?
The property is located at 6820 W Sylvania Ave Sylvania, OH.
What are key features of this property?
This property features: 11,200‑square‑foot mixed‑use building with retail, office, and apartment space; B‑1 zoning; verify permitted uses; Substantial parking behind the building
