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    5122 Heatherdowns Blvd Toledo, OH 43614

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Medical & Retail Space Available

    Lot size:
    24,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 24,300 square foot multi-tenant building, located at 5122 Heatherdowns Blvd in Toledo, Ohio, presents a unique investment opportunity. Originally constructed in 1974 and extensively renovated in 2009, the property boasts a blend of medical office and specialty retail space, perfectly suited for a variety of businesses. Situated in Lucas County, the building's convenient location offers excellent visibility and accessibility. Currently, there are 1,500 square feet of office space and 1,200 square feet of retail space immediately available for lease. The building's substantial size and adaptable layout provide ample room for expansion or customization to meet specific tenant needs. This property represents a strong investment in a thriving Toledo market, offering a blend of established infrastructure and modern amenities. The building's history of successful tenancy speaks to its desirability and potential for continued growth. Interested parties are encouraged to inquire about lease terms and availability for the currently vacant spaces. The property's strategic location within Lucas County, coupled with its versatile design, makes it an ideal choice for businesses seeking a prominent presence in the Toledo area. This is a rare opportunity to acquire a well-maintained and strategically located commercial property in a high-demand market. The 43614 zip code offers easy access to major transportation routes and a diverse range of amenities.

    Property Features for 5122 Heatherdowns Blvd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,300 SF
    Total Rate
    24300

    Building Details

    Year Built/Renovated
    1974/2009

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    1,200 SF
    Rate per SF
    $12
    Space
    Available Space 2
    Size
    1,500 SF
    Rate per SF
    $15

    HighLights

    • 24,300 SF multi‑tenant building in Toledo, OH.
    • Built in 1974, extensively renovated in 2009; features medical office and retail space.
    • 1,500 SF of office and 1,200 SF of retail currently available for lease.
    • Excellent location near I‑80/90 and I‑475/23, with high traffic counts on Heatherdowns Blvd. (25,639 VPD) and N. Reynolds Rd. (32,300 VPD).
    • Strong demographics: 10,837 population within 1 mile radius, median income of $38,693. 62,756 population within 3 miles, median income of $42,938.
    Property Profile Location Intelligence

    Current Use by Public Records

    Perfect Fit Alterations Tailor CrysStyles Hair Salon Hair Salon Cinco De Mayo ... Mexican Restaurant Bernardo D Martinez ... Vascular Surgeon FoodieCards Marketing Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6630188
    Latitude
    41.5956523

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    FAQs

    What type of property is this?
    Medical office - Prime Medical & Retail Space Available
    Where is this medical office located?
    The property is located at 5122 Heatherdowns Blvd Toledo, OH.
    What is the lease rate?
    The lease rate is $12-$15 SF/Yr.
    What are key features of this property?
    This property features: 24,300 SF multi-tenant building in Toledo, OH.; Built in 1974, extensively renovated in 2009; features medical office and retail space.; 1,500 SF of office and 1,200 SF of retail currently available for lease.
    Request Owner's contact information
    5122 Heatherdowns Blvd Toledo, OH 43614
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    Realmo Value Estimation

    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.

    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.

    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
    5122 Heatherdowns Blvd Toledo, OH 43614
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