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    5333 Secor Rd Toledo, OH 43623

    For Lease
    $8 SF/Yr ($19,000 /Mo)

    Toledo Industrial Property: Multiple Suites Available

    Lot size:
    28,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 28,500 square foot industrial flex space property, located at 5333 Secor Road in Toledo, Ohio, presents a compelling investment opportunity. The single-story building, constructed in 1972, features 20 individual suites, with 1,500 square feet currently vacant, offering immediate potential for rental income. The property sits on a 1.42-acre lot and boasts ample parking with 100 spaces available. Ceiling heights range from 8 to 9 feet, providing versatile space for a variety of uses. The property is zoned IL - Limited Industrial, allowing for a range of industrial and light commercial activities. The convenient West Toledo location, near McGregor, provides easy access to major transportation routes. The property's multiple tenancy structure offers flexibility and diversification of income streams. The APN is 23-36194 and the zip code is 43623. This is an excellent opportunity to acquire a well-located, established industrial property with significant upside potential. The existing infrastructure and ample parking make this a highly desirable location for businesses seeking flexible and functional space. The current vacancy provides an immediate opportunity to increase revenue and occupancy. This property is offered as a triple net lease (NNN).

    Property Features for 5333 Secor Rd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,500 SF
    Total Rate
    19000

    Building Details

    Year Built
    1972
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 10
    Size
    1,500 SF
    Rate per SF
    $8
    Space
    Unit 20
    Size
    1,250 SF
    Rate per SF
    $8

    HighLights

    • Tenant responsible for electric and gas utilities.
    • Landlord covers water and sewer expenses.
    • Perfect for small businesses and startups.
    • High vehicular traffic volume.
    • Convenient expressway access.
    • Build‑to‑suit options available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bob's Custom Store ... Cabinet Maker Oravecz & Associates, LLC. Land Surveyor Honei B Collection Hair Salon Done In A Day Detailing ... Car Detailing Service Horton Hauls Junk ... Waste Management Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6258893
    Latitude
    41.7127943

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    FAQs

    What type of property is this?
    Flex space - Toledo Industrial Property: Multiple Suites Available
    Where is this flex space located?
    The property is located at 5333 Secor Rd Toledo, OH.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Tenant responsible for electric and gas utilities.; Landlord covers water and sewer expenses.; Perfect for small businesses and startups.
    Request Owner's contact information
    5333 Secor Rd Toledo, OH 43623
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    Toledo, OH 43623
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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
    5333 Secor Rd Toledo, OH 43623
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