Industrial Warehouse For
For Sale
Contact for pricing
4310 Lagrange Street, Toledo, OH 43612
21,463 sqft warehouse available for sale.
Property Size21,463 SF
Price / SF$93.18
Days on Market988
Property Features for 4310 Lagrange Street
General Information
Standard status
Active
Size
21,463 SF
Property subtype
Industrial
Zoning
IG - General Industrial & CR
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1973
Stories
1
Listing Agency:
Signature Associates Toledo
(248) 948-0115
Listed By:
Joe Francis · License #Ohio and Michigan
Source:
Crexi
Added: Dec 7, 2023
Changed: Aug 17
Last Checked: Aug 20 at 8:24PM
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
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 21,463 square foot industrial warehouse. The property is available for sale.
Key Highlights
- Established property built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$158,100
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,162,000
$3.2M
Cap Rate 7%
$2,258,571
$2.3M
Cap Rate 9%
$1,756,667
$1.8M
Market Conditions
NOI Build-Up for 21,463 SF
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.
Gross rent
$193.2K $9.00/SF
− Vacancy
−$7.2K −$0.33/SF
EGI
$186.0K $8.67/SF
− OpEx
−$27.9K −$1.30/SF
NOI
$158.1K $7.37/SF
Area
Toledo, OH
Vacancy
3.71%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,162,000
Cap Rate 7%
$2,258,571
Cap Rate 9%
$1,756,667
Alternative Uses
Best Use
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,100 @ 7.0% cap · market cap 7.90%
Second Best
Industrial
$1.86M
$1.63M – $2.17M
NOI $130,200 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,035 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43612, OH
29,718
Population
13,409
Households
2.2
Avg Household Size
35
Median Age
13%
College-Educated
90%
High-School Grad
11.5 sq mi
ZIP Area
2,584
Density / Sq Mi
$50,484
Median Household Income
$33,770
Median Earnings
$976
Median Rent
$89,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Pack — 307 Dura Ave, Toledo, OH 43612
Frequently Asked Questions
What type of property is this?
Warehouse - 21,463 sqft warehouse available for sale.
Where is this warehouse located?
The property is located at 4310 Lagrange Street Toledo, OH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Established property built in 1973
