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    5225 Airport Hwy Toledo, OH 43615

    Sponsored
    For Lease
    $5 SF/Yr

    Toledo Retail Center - High Traffic Area

    Lot size:
    187,124 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Airport Square Shopping Center, a Class A retail property in Toledo, Ohio, presents a compelling investment opportunity. This established neighborhood center boasts 187,124 square feet across three single-story buildings, situated on a substantial 22.91-acre lot. The property features 5 suites, with available leasable space ranging from 1,233 square feet to a sizable 25,000 square foot junior anchor space (44,830 square feet currently vacant). Built in 1986 and renovated in 2008, the center offers ample parking with 900+ spaces. Its prime location at the hard corner of Airport Highway and Reynolds Road, both four-lane highways with dedicated turning lanes, ensures high visibility and accessibility. The property benefits from excellent traffic counts and proximity to major thoroughfares, including I-475 (one mile east), and is strategically located near other significant retail destinations such as Spring Meadows Place, Springfield Commons, and an Amazon last-mile facility. The zoning is Regional Commercial, and the property's APN is 20-06431 and 20-06411 in Lucas County. This well-maintained center offers a unique chance to acquire a significant retail presence in a thriving South Toledo location.

    Property Features for 5225 Airport Hwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    187,124 SF
    Class
    A
    Total Rate
    77968.33

    Building Details

    Year Built/Renovated
    1986/2008
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 6B
    Size
    1,535 SF
    Rate per SF
    $12
    Space
    Suite 6A
    Size
    1,233 SF
    Rate per SF
    $12
    Space
    Suite 1
    Size
    25,000 SF
    Rate per SF
    $5
    Space
    Suite 8
    Size
    10,062 SF
    Rate per SF
    $10
    Space
    Suite 5
    Size
    7,000 SF
    Rate per SF
    $10

    HighLights

    • High visibility with 1,695 feet of frontage, two pylon signs, and fascia signage.
    • Easy access from Airport Hwy and S Reynolds Rd via three curb cuts.
    • Ample surface parking: over 960 spaces.
    • Strong tenant mix including Urban Air Adventure Park, Pet Supplies Plus, DaVita Dialysis, Discount Fashion Warehouse, ChenMed, and Athena Career Center.
    • High traffic counts: Airport Hwy 31,525 VPD, N Reynolds Rd 24,169 VPD, I‑475 87,179 VPD (2023 data).
    Property Profile Location Intelligence

    Current Use by Public Records

    Qwick Bitcoin ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.666039
    Latitude
    41.616016

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    FAQs

    What type of property is this?
    Neighborhood center - Toledo Retail Center - High Traffic Area
    Where is this neighborhood center located?
    The property is located at 5225 Airport Hwy Toledo, OH.
    What is the lease rate?
    The lease rate is $5-$12 SF/Yr.
    What are key features of this property?
    This property features: High visibility with 1,695 feet of frontage, two pylon signs, and fascia signage.; Easy access from Airport Hwy and S Reynolds Rd via three curb cuts.; Ample surface parking: over 960 spaces.
    Request Owner's contact information
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    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
    5225 Airport Hwy Toledo, OH 43615
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