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    Property profile & analytics

    111 Burbank Dr Toledo, OH 43607-3319

    • Retail space
    • 14,090 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Last Sale
    Jul 10, 2025
    $315,000
    Location Intelligence
    Property ID
    US66-1967206
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Blackout window tinting / Window Tinting Service
    • Perfect Landscape / Landscaper

    Property Details for 111 Burbank Dr

    Year built
    1955
    Lot size
    0.70 lot acres
    Property size
    14,090 SF
    Zone code
    10-IG
    Property type
    Retail space
    APN
    20-46087
    APU
    2046087

    Description

    This exceptional industrial property, located at 111 Burbank Dr, Toledo, OH 43607, presents a compelling investment opportunity. The 14,090-square-foot warehouse, built in 1965, sits on a 0.7-acre lot and is zoned Industrial General (IG). The single-story building features five dock-high doors, providing convenient access for loading and unloading. Ceiling heights range from 14'3" to 16'3", offering ample vertical space for storage and operations. The property includes 20 parking spaces for employees and visitors. Currently, the building houses a single income-producing tenant on a month-to-month lease, operating below market rate, and expressing a desire to remain. Utilities are separately metered for efficient cost management. The asking price is $390,000, translating to $23 per square foot. The property's APN is 05465077, 46087. This multi-tenant building offers significant potential for immediate income and future growth, making it an attractive addition to any investment portfolio. The property's location in Lucas County provides easy access to major transportation routes. This is a rare opportunity to acquire a well-maintained, income-generating industrial property in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $510,000
      6.5%
      $495,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $530,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $525,000
      Retail
      $520,000
      Mixed-Use
      $485,000
      Hospitality
      $470,000
      Educational
      $500,000
      Residential Income
      $555,000
      Energy
      $450,000
      Income-Based Land
      $435,000
      Food Service
      $545,000

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6094
    Latitude
    41.6402
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,623
    $8,155
    $98,770
    $106,925
    -
    $23,300
    $282,200
    $305,500

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    Toledo, OH 43607-3319
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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
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