Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4024 Holland Sylvania Rd Toledo, OH 43623

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail space, two suites available.

    Lot size:
    20,400 SF

    Property Features for 4024 Holland Sylvania Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,400 SF
    Total Rate
    23800

    Building Details

    Year Built
    1971
    Stories
    2

    Spaces For Lease

    at 4024 Holland Sylvania Rd, Toledo, OH 43623 Contact us
    Unit Unit 1

    $14 /Mo

    Size
    1,200 SF
    Contact us
    Unit Unit 2

    $14 /Mo

    Size
    1,200 SF
    Contact us

    We can help!

    Listing Contact
    Rob Keleghan
    Rob Keleghan

    Listing Agency: Signature Associates Listing Agent: Rob Keleghan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail property, located at 4024 N Holland Sylvania Rd in Toledo, Ohio, presents a fantastic opportunity for businesses seeking high visibility and accessibility. The property boasts a total of 20,400 square feet, spread across two suites within a two-story strip center. Currently, 2,400 square feet is available for lease, offering a flexible space adaptable to various retail needs. Built in 1971, the building sits on a generous 3.04-acre lot, providing ample space and parking for customers and employees. With 120 parking spaces available, customer convenience is ensured. The property benefits from a strategic location, easily accessible from Sylvania Avenue, and is zoned MX. The property features 200 amp/120V power. The Lucas County location, with its address at 4024 N Holland Sylvania Rd, Toledo, OH 43623, offers excellent access to a thriving consumer base. The property's parcel numbers are 21277 and 30012117. This is an ideal opportunity to establish or expand your retail presence in a high-demand area. Don't miss this chance to secure a prime retail space in a well-established location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Code Ninjas Training Center Oak Tree Shopping ... Shopping Center & Mall Nathan Ensey - State ... Insurance Agency The Spot Sylvania Cafe & Coffee Shop Mia Dessert Bar Bakery

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6845785
    Latitude
    41.6920339

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      OH, Toledo - Franklin Park

      Discover many ways to work your way in University Executive Park
      3950 Sunforest Ct, Toledo, OH 43623
      View Details
    • $20 SF/Yr
      10,872 SF

      Medical Space on Sylvania Avenue

      Sub-lease opportunity: 6,023 SF medical space with high visibility.
      3546 W Sylvania Ave, Toledo, OH 43623
      View Details
    • Contact for pricing
      133,750 SF

      Downtown Toledo Office Suites Available

      Move-in ready office suites in the heart of downtown Toledo.
      420 Madison Ave, Toledo, OH 43604
      View Details
    • $5 SF/Yr
      187,124 SF

      Retail Space in Airport Square

      Retail suites available in established South Toledo shopping center.
      5225 Airport Hwy, Toledo, OH 43615
      View Details
    • $10 SF/Yr
      17,644 SF

      Toledo Warehouse with Office Space

      17,644 SF warehouse with 2,000 SF office space for lease.
      5625 Enterprise Blvd, Toledo, OH 43612
      View Details
    • $1,200 /Mo

      Retail Space Near Byrne Road

      Retail space for lease in South Toledo near major retail.
      803 S Byrne Rd, Toledo, OH 43609
      View Details
    • $610 /Mo

      Ottawa Hills Office Space Available

      Second floor office space for lease in Ottawa Hills.
      4334 Central Ave, Toledo, OH 43615
      View Details
    • $9 SF/Yr
      3,000 SF

      Retail Space in Toledo, OH

      Retail space available with diverse anchor tenants in Toledo.
      627-631 E Manhattan Blvd, Toledo, OH 43608
      View Details
    • $7 SF/Yr
      2,970 SF

      Freestanding Flex Space with Showroom

      Freestanding flex space with showroom, restroom, and high ceilings.
      2295 Starr Ave, Toledo, OH 43605
      View Details
    • $12 SF/Yr
      1,535 SF

      Retail Space with High Visibility

      Retail space with excellent frontage and ample parking.
      5325 Airport Hwy, Toledo, OH 43615
      View Details
    • $10 SF/Yr
      3,680 SF

      Historic Office Building in Toledo

      7,360 SF office/retail space for lease in Toledo's business district.
      1600 Madison Ave, Toledo, OH 43604
      View Details
    • $18 SF/Yr
      2,718 SF

      Downtown Toledo Retail Space Available

      Mixed-use property in the Warehouse District near Fifth Third Field.
      608 Market St, Toledo, OH 43604
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space, two suites available.
    Where is this neighborhood center located?
    The property is located at 4024 Holland Sylvania Rd Toledo, OH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 20,400 SF retail space available for lease in a two-story strip center in Toledo, OH.; High-visibility location at a busy intersection in Sylvania Township with excellent vehicle and pedestrian traffic.; Conveniently located 1.5 miles from I-475/US 23 interchange.
    (419) 249-6323 Call to check price and availability
    Request Owner's contact information
    4024 Holland Sylvania Rd Toledo, OH 43623
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4024 Holland Sylvania Rd
    Toledo, OH 43623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4024 Holland Sylvania Rd Toledo, OH 43623
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rob Keleghan
    Rob Keleghan
    Real Estate License ID: FL SL3432546
    (419) 249-6323 (419) 680-7663 (419) 249-7070
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!