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    3164 Bellevue Rd Toledo, OH 43606

    For Sale
    $395,000

    12,846 SF Multi-Tenant Warehouse

    Property size:
    12,846 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity encompasses three interconnected warehouse buildings totaling 12,846 square feet, strategically located in Toledo, Ohio, at 3164, 3168, and 3172 Bellevue Road. The property features a mix of occupied and vacant space, presenting immediate income potential and future expansion possibilities. Building 3172 boasts 8,730 square feet, including a mezzanine with drive-under storage, front and rear drive-in overhead doors, and a recently installed ($35,000) flat rubber roof with skylights. Buildings 3164 and 3168, totaling 4,116 square feet, are internally connected but separated by a cinder block wall and chain link fence. 3164 is currently leased for $1,500 per month plus utilities, while the 4,000 square foot 3168 portion is vacant. The entire complex benefits from newer roofs and has undergone asbestos abatement. Its prime location near the University of Toledo, Westgate, and I-475 offers excellent accessibility and visibility. Nearby amenities include a CVS, gas station, restaurant, and ice cream shop. The property also enjoys proximity to Toledo Edison's adjacent paved lot, which provides access to their cell tower. This multi-tenant industrial property offers a compelling combination of income generation, expansion potential, and a highly desirable location, making it an attractive investment opportunity. The asking price is $395,000, representing a price per square foot of $30.75.

    Property Features for 3164 Bellevue Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    12,846 SF

    HighLights

    • Three interconnected warehouse buildings totaling 12,846 square feet in Toledo, OH.
    • Prime location near University of Toledo, Westgate, and I‑475, with excellent visibility and accessibility.
    • Building 3172 (8,730 SF) features a mezzanine, drive‑in doors, and a recently replaced flat rubber roof with skylights.
    • Buildings 3164 (currently leased for $1,500/month) and 3168 (4,000 SF vacant) total 4,116 SF and are internally connected.
    • Asking price: $395,000 ($30.75/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Greenleaf Custom Home ... Remodeler GreenLeaf Landscaping LLC Landscape Designer

    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
    -83.6037106
    Latitude
    41.6790393

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    FAQs

    What type of property is this?
    Distribution property - 12,846 SF Multi-Tenant Warehouse
    Where is this distribution property located?
    The property is located at 3164 Bellevue Rd Toledo, OH.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Three interconnected warehouse buildings totaling 12,846 square feet in Toledo, OH.; Prime location near University of Toledo, Westgate, and I-475, with excellent visibility and accessibility.; Building 3172 (8,730 SF) features a mezzanine, drive-in doors, and a recently replaced flat rubber roof with skylights.
    Request Owner's contact information
    3164 Bellevue Rd Toledo, OH 43606
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    Toledo, OH 43606
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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
    3164 Bellevue Rd Toledo, OH 43606
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