Retail Space For
For Sale
Contact for pricing
309-337 Alexis Road, Toledo, OH 43612
Retail space available for purchase.
Property Size19,520 SF
Price / SF$92.21
Days on Market856
Property Features for 309-337 Alexis Road
General Information
Standard status
Active
Size
19,520 SF
Total Parking Spaces
64
Property subtype
Retail
Zoning
C-R (Regional Commercial)
Occupancy
100%
Lease Type
NNN
Building Details
Year Renovated
2011
Tenancy
Multi
Listing Agency:
CMP Real Estate Group
Listed By:
Andrew Roye · License #MI
(248) 538-2000
Source:
Crexi
Added: Jun 12, 2024
Changed: Sep 30
Last Checked: Oct 12 at 4:42PM
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 CMP Real Estate Group
Investment Insights
Based on property information with market context.
A retail space is available for sale. The property has a size of 19520 square feet.
Key Highlights
- No property information was provided to analyze.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,265
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,545,300
$2.5M
Cap Rate 7%
$1,818,071
$1.8M
Cap Rate 9%
$1,414,056
$1.4M
Market Conditions
NOI Build-Up for 19,520 SF
Gross rent
$196.8K $10.08/SF
− Vacancy
−$15.0K −$0.77/SF
EGI
$181.8K $9.31/SF
− OpEx
−$54.5K −$2.79/SF
NOI
$127.3K $6.52/SF
Area
Toledo, OH
Vacancy
7.60%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,545,300
Cap Rate 7%
$1,818,071
Cap Rate 9%
$1,414,056
Alternative Uses
Best Use
Retail
$1.82M
$1.59M – $2.12M
NOI $127,265 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,400 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
199k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 35%
Groceries 24%
Dining 20%
Shops & Services 16%
Target
Superstores
69,162 visits/mo
0.3 miles
Kroger
Groceries
46,982 visits/mo
0.5 miles
McDonald's
Dining
28,773 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
17,481 visits/mo
0.5 miles
GameStop
Electronics
7,547 visits/mo
0.4 miles
Demographics for 43612, OH
29,718
Population
13,409
Households
2.2
Avg Household Size
35
Median Age
13%
College-Educated
90%
High-School Grad
11.5 sq mi
ZIP Area
2,584
Density / Sq Mi
$50,484
Median Household Income
$33,770
Median Earnings
$976
Median Rent
$89,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 309-337 Alexis Road Toledo, OH.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: No property information was provided to analyze.
