Retail Space For
309-337 Alexis Road Toledo, OH 43612
309-337 Alexis Road, Toledo, OH, 43612
Contact for pricing
For Sale
Contact for pricing
Retail space available for purchase.
Property Size19,520 SF
Price / SF$92.21
Days on Market765
Property Features for 309-337 Alexis Road
General Information
- Standard status
- Active
- Size
- 19,520 SF
- Property subtype
- Retail
Listing Agency
CMP Real Estate Group
(248) 538-2000
Listed by
Andrew Roye · License #MI
Source
Crexi
Added: Jun 12, 2024 Checked: Jul 15 at 9:05 am
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.8k | $10.08 |
| − Vacancy | −$15.0k | −$0.77 |
| EGI | $181.8k | $9.31 |
| − OpEx | −$54.5k | −$2.79 |
| NOI | $127.3k | $6.52 |
19,520 SF · lease $10.08/SF/yr · vacancy 7.60% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
