Warehouse with Loading
For Sale
$2,100,000
7311 W Central Ave, Toledo, OH 43617
Warehouse space includes grade-level doors, two loading docks, and office and conference space.
Property Size28,900 SF
Days on Market182
Property Features for 7311 W Central Ave
General Information
Standard status
Active
Size
28,900 SF
Class
B
Property subtype
Industrial - Warehouse/Distribution
Site & Location
Traffic Count
33,137 vehicles/day
Highway Access
Yes
Additional Details
Dock-High Doors
2
Building Details
Building Size
28,900 SF
Year Built
1968
Year Renovated
1999
Units
2
Listing Agency:
NAI Harmon Group
Listed By:
Kevin Carr · License ##SAL.2023005394
(419) 705-3662
Source:
Commercialcafe
Added: Apr 22
Changed: Oct 10
Last Checked: Oct 19 at 4:12AM
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 NAI Harmon Group
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Investment Insights
Based on property information with market context.
This industrial warehouse facility is suited for warehousing, distribution, logistics, and light manufacturing. The layout includes three offices, one conference room, three restrooms, two loading docks, and numerous grade-level doors designed to support day-to-day operations.
The property is in Sylvania Township, approximately 1 mile from major highway transportation routes, including SR-475. It also provides visibility along W Central Ave with 33,137 vehicles passing by daily, supporting both logistics access and customer-facing presence.
Buildings can be leased together or separately, offering flexibility for different operating needs. The combination of loading capabilities and office support makes the site practical for organizations seeking an industrial base with on-site administrative space.
The property is in Sylvania Township, approximately 1 mile from major highway transportation routes, including SR-475. It also provides visibility along W Central Ave with 33,137 vehicles passing by daily, supporting both logistics access and customer-facing presence.
Buildings can be leased together or separately, offering flexibility for different operating needs. The combination of loading capabilities and office support makes the site practical for organizations seeking an industrial base with on-site administrative space.
Key Highlights
- Warehouse/distribution/light manufacturing space built in 1968 in Sylvania Township
- High‑visibility location on W Central Ave with 33,137 vehicles passing by daily
- Just 1 mile from US‑475 for convenient major highway access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,315
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,506,300
$3.5M
Cap Rate 7%
$2,504,500
$2.5M
Cap Rate 9%
$1,947,944
$1.9M
Market Conditions
NOI Build-Up for 28,900 SF
Gross rent
$260.1K $9.00/SF
− Vacancy
−$9.6K −$0.33/SF
EGI
$250.5K $8.67/SF
− OpEx
−$75.1K −$2.60/SF
NOI
$175.3K $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 Rate 5%
$3,506,300
Cap Rate 7%
$2,504,500
Cap Rate 9%
$1,947,944
Alternative Uses
Best Use
Warehouse
$3.04M
$2.66M – $3.55M
NOI $212,883 @ 7.0% cap · market cap 10.14%
Second Best
Industrial
$2.50M
$2.19M – $2.92M
NOI $175,315 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$4.81M
$4.21M – $5.61M
NOI $336,673 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Dock-high doors
33,137 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 43617, OH
7,659
Population
3,248
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
1,473
Density / Sq Mi
$131,935
Median Household Income
$61,927
Median Earnings
$1,145
Median Rent
$271,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Distribution center - Warehouse space includes grade-level doors, two loading docks, and office and conference space.
Where is this distribution center located?
The property is located at 7311 W Central Ave Toledo, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Warehouse/distribution/light manufacturing space built in 1968 in Sylvania Township; High‑visibility location on W Central Ave with 33,137 vehicles passing by daily; Just 1 mile from US‑475 for convenient major highway access
