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    5224 Dorr St Toledo, OH 43615

    Sponsored
    For Sale
    Contact for pricing

    Prime retail space, high traffic location, vacant.

    Property size:
    11,030 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,030-square-foot retail building, formerly a Rite Aid, is available for sale or lease. Situated on a prominent 1.65-acre corner lot at the intersection of Dorr Street and North Reynolds Road in Toledo, Ohio, this property boasts unparalleled visibility and accessibility. The location benefits from high daily traffic counts exceeding 45,000 vehicles on both streets. The single-tenant building, constructed in 1998, features a convenient drive-thru and ample parking for 51 vehicles. Its 10-CR zoning designation allows for a variety of commercial uses. The property's strategic location offers easy access to major interstates I-475 and I-75, placing it within close proximity to a large consumer base. Within a three-mile radius, the average household income surpasses $78,538, and the population within five miles exceeds 210,451. The property is less than a mile from the Inverness Golf Course and 2.3 miles from the University of Toledo. Nearby national retailers include Walgreens, Speedway, O'Reilly Auto Parts, and many more, further enhancing the property's desirability. This is a rare opportunity to acquire a well-positioned retail asset in a thriving Toledo market. The building is currently vacant, presenting a blank canvas for a new tenant or owner.

    Property Features for 5224 Dorr St

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,030 SF
    Lot Size
    71,874 SF

    Building Details

    Year Built
    1998

    HighLights

    • Hard corner location with excellent fundamentals.
    • 11,030 SF single‑story masonry building with drive‑thru on 1.65 acres.
    • High traffic corner: Dorr St (23,631 VPD+) and North Reynolds Rd (21,867 VPD+).
    • 10‑CR (Regional Commercial) zoning.
    • Strong demographics: $78,538 average household income within 3 miles, over 210,451 population within 5 miles.
    • Proximity to Inverness Golf Course and University of Toledo.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store Coinhub Bitcoin ATM ... Atm Melanie Prisby Pharmacy Western Union Money Transfer Service higi Health Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.665883655659
    Latitude
    41.653430436826

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    FAQs

    What type of property is this?
    Individual retail property - Prime retail space, high traffic location, vacant.
    Where is this individual retail property located?
    The property is located at 5224 Dorr St Toledo, OH.
    What are key features of this property?
    This property features: Hard corner location with excellent fundamentals.; 11,030 SF single-story masonry building with drive-thru on 1.65 acres.; High traffic corner: Dorr St (23,631 VPD+) and North Reynolds Rd (21,867 VPD+).
    Request Owner's contact information
    5224 Dorr St Toledo, OH 43615
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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
    5224 Dorr St Toledo, OH 43615
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