Retail Property on Alexis
845 W Alexis Rd Toledo, OH 43612
845 W Alexis Rd, Toledo, OH, 43612
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For Sale
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Retail property with high traffic count on Alexis Road.
Property Size22,809 SF
Price / SF$78.70
Days on Market79
Property Features for 845 W Alexis Rd
General Information
- Standard status
- Active
- Size
- 22,809 SF
- Property subtype
- RETAIL
Listing Agency
Kin Properties Inc.
(561) 620-9200
Listed by
David Roth
(914) 610-5193
Source
Moodyscre
Added: Apr 29 Checked: Jul 16 at 7:19 am
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 Kin Properties Inc.
Investment Insights
Based on property information with market context.
This retail property is located on W Alexis Road and benefits from a traffic count of over 24,000 vehicles. A prominent pylon sign is included. The property is situated within a very active retail corridor. The lot size is 22,809 square feet.
Key Highlights
- High traffic count (+24,000 on W Alexis Road)
- Prominent pylon sign
- Located in an active retail corridor
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.9k | $10.08 |
| − Vacancy | −$17.5k | −$0.77 |
| EGI | $212.4k | $9.31 |
| − OpEx | −$63.7k | −$2.79 |
| NOI | $148.7k | $6.52 |
22,809 SF · lease $10.08/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.12M
$1.86M – $2.48M
NOI $148,709 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M
NOI $265,716 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
OfficeMax Tech Services
Tech Support Center
OfficeMax Print & Copy ...
(Bike/Boat/Book/etc) Store
OfficeMax
(Bike/Boat/Book/etc) Store
DigitalInvestigation
Law Firm
Coinhub Bitcoin ATM ...
Atm
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FAQs
What type of property is this?
Retail property - Retail property with high traffic count on Alexis Road.
Where is this retail property located?
The property is located at 845 W Alexis Rd Toledo, OH.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: High traffic count (+24,000 on W Alexis Road); Prominent pylon sign; Located in an active retail corridor
