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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Strip malls
4024 Holland Sylvania Rd Toledo, OH 43623-4810
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0026079
Property summary
AI-generated overview
This exceptional retail property, located at 4024 N Holland Sylvania Rd in Toledo, Ohio, 43623, presents a fantastic leasing opportunity. The single-story building, constructed in 1971, boasts a total of 20,400 square feet, with 1,200 square feet currently available for lease. Situated on a generous 3.054-acre lot, the property offers ample parking with 60 spaces available for customers and employees. The building is served by Toledo Edison power. Its convenient location on N Holland Sylvania Rd, with cross-street access to Sylvania Avenue, ensures high visibility and accessibility for businesses. The property is zoned for commercial use, making it ideal for a variety of retail ventures. The building does not include elevators. This is a multi-tenant property offering a prime opportunity to establish or expand your business in a thriving Toledo commercial district. The available space is 1,200 square feet, perfect for a smaller retail operation or office space. Don't miss this chance to secure a prominent location in a busy commercial area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Total area
21,592 SF
Lot
2.68 ac (116,915 SF)
Zoning code
20-MX
APN
78-21277
UPID
US66-0026079
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Code Ninjas Training Center Tutoring Service
-
Oak Tree Shopping Center Shopping Center & Mall
-
Nathan Ensey - State Farm Insurance Agent Insurance Agency
-
The Spot Sylvania Cafe & Coffee Shop
-
Mia Dessert Bar Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.33M
Owner & transaction history
Sylvania Monroe Plaza LLC · 21 yrs held
Sylvania Monroe Plaza LLC
since 2005
7 recorded transactions
Zoning & alternative use
20-MX · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+5.0%
Auto repair, garage
$1.6M
+2.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,525,000
Current use
MEDICAL BUILDING
$1,600,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,560,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,315,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$62 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,094
Tax year 2023
Assessed value
$441,000
Assessed 2023
Previous assessed
$441,000
+0.0% YoY
Effective rate
10.45%
On assessed value
Assessed land
$140,140
Assessed improvement
$300,860
Land market value
$400,400
Improvement market value
$859,600
Total market value
$1,260,000
Applied tax rate
78.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Heating
NONE
Stories
1
Total area
21,592 SF
Lot
2.68 ac (116,915 SF)
Zoning code
20-MX
APN
78-21277
UPID
US66-0026079
Jurisdiction
LUCAS
Zoning & alternative use
20-MX · Toledo, OH
Zoning 20-MX · permitted uses
20-MX · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Sylvania Monroe Plaza LLC
Entity
Mailing address
3455 BRIARFIELD BLVD STE B, MAUMEE, OH 43537-8933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2016
—
Sylvania Of Monroe Plaza LLC
—
Deed
related
$23,486,841 · Fifth Third Bk
Apr 24, 2012
—
Sylvania Of Monroe Plaza LLC
—
Deed Of Trust
related
$10,750,642 · Pnc Bank
Mar 14, 2005
—
Sylvania Monroe Plaza LLC
Jlmj Investments LLC
Warranty Deed
—
May 20, 2004
—
Jlmj Investments LLC
Morrin,jeffrey A
Grant Deed
related
—
—
—
Sylvania Monroe Plaza LLC
—
Deed Of Trust
related
$450,460 · Pnc Bank
—
—
Sylvania Monroe Plaza LLC
—
Deed Of Trust
related
$1,700,000 · Pnc Bank
—
—
Sylvania Of Monroe Plaza LLC
—
Deed Of Trust
related
$1,500,000 · Fifth Third Bk
—
—
Sylvania Of Monroe Plaza LLC
—
Loan Modification
related
$23,486,841 · Fifth Third Bk
—
—
Jeffrey A Morrin
—
Deed Of Trust
related
$280,000 · National City Bank
—
—
Jeffrey A Morrin
—
Deed Of Trust
related
$495,000 · National City Bank
—
—
Sylvania Monroe Plaza LLC
—
Deed Of Trust
related
$1,700,000 · Pnc Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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