Renovated Restaurant
For Sale
Contact for pricing
924 N REYNOLDS RD, Toledo, OH 43615
Single-unit restaurant property with renovation and existing equipment in place.
Property Size1,512 SF
Price / SF$195.11
Days on Market57
Property Features for 924 N REYNOLDS RD
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Retail
Building Details
Year Renovated
2026
Buildings
1
Units
1
Listing Agency:
Wiens & Roth Real Estate
Listed By:
Michael McCarthy · License #Ohio
(419) 265-4765
Source:
Crexi
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 19 at 5:58AM
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 Wiens & Roth Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,512-square-foot restaurant building is configured as a single unit and has been renovated with restaurant equipment in place. The property is identified as a former Dunkin Donuts location and is situated at 924 N Reynolds Rd in Toledo, Ohio 43615.
Key Highlights
- 1,512 SF restaurant building
- Single‑unit configuration
- Renovated restaurant property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,512
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,240
$230.2K
Cap Rate 7%
$164,457
$164.5K
Cap Rate 9%
$127,911
$127.9K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$16.3K $10.80/SF
− Vacancy
−$980 −$0.65/SF
EGI
$15.3K $10.15/SF
− OpEx
−$3.8K −$2.54/SF
NOI
$11.5K $7.61/SF
Area
Toledo, OH
Vacancy
6.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,240
Cap Rate 7%
$164,457
Cap Rate 9%
$127,911
Alternative Uses
Best Use
Specialty Retail
$164.5K
$143.9K – $191.9K
NOI $11,512 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.6K
$220.2K – $293.6K
NOI $17,614 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 37%
Electronics 1%
Speedway
Shops & Services
15,656 visits/mo
0.3 miles
Taco Bell
Dining
9,063 visits/mo
0.2 miles
Tim Hortons
Dining
6,285 visits/mo
0.2 miles
AutoZone
Shops & Services
5,141 visits/mo
0.2 miles
Fifth Third Bank & ATM
Shops & Services
4,138 visits/mo
0.2 miles
Demographics for 43615, OH
39,449
Population
19,620
Households
2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
16.5 sq mi
ZIP Area
2,391
Density / Sq Mi
$58,466
Median Household Income
$38,196
Median Earnings
$1,014
Median Rent
$137,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-unit restaurant property with renovation and existing equipment in place.
Where is this conventional restaurant located?
The property is located at 924 N REYNOLDS RD Toledo, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,512 SF restaurant building; Single‑unit configuration; Renovated restaurant property
