Add Listing
    For Sale
    • 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

    5744 Southwyck Blvd Toledo, OH 43614

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

    Toledo Multifamily Building, High Potential

    Property size:
    15,072 SF

    Property Features for 5744 Southwyck Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,072 SF
    Lot Size
    53,884 SF

    Building Details

    Stories
    2

    We can help!

    Listing Contact
    David Mrachko
    David Mrachko

    Listing Agency: Hanna Commercial Real Estate | Ann Arbor Listing Agent: David Mrachko

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 15,072 square foot, two-story apartment building in Toledo, Ohio, presents a fantastic redevelopment opportunity. Situated on a 1.237-acre lot at 5744 Southwyck Blvd, 43614, this mixed-use property is zoned CO and offers significant upside. Its prime location boasts unparalleled convenience, with immediate proximity to an Amazon distribution facility, ensuring high visibility and potential for strong rental demand. The property enjoys easy access to the Ohio Turnpike (I-80/I-90), simplifying commutes and transportation. Furthermore, the building's location is highly desirable, within walking distance of various restaurants and retail establishments, providing residents with a wealth of amenities. Recreational opportunities abound, with Brookwood Metropark just steps away, offering residents access to green spaces and outdoor activities. Families will appreciate the nearby Maumee Valley Country Day School. The asking price for this investment property is $425,000. This is a rare chance to acquire a strategically located property with substantial redevelopment potential in a thriving area. Don't miss this chance to capitalize on this promising investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6690479
    Latitude
    41.605738

    Nearby Similar for Sale

    • $849,999

      New Mixed-Use Building For Sale

      100% occupied, newly constructed mixed-use building near Ohio/Michigan border.
      6195 Lewis Ave, Toledo, OH 43612
      View Details
    • $799,000

      Historical Building in Toledo Warehouse

      13,200 SF historical building in Toledo's Warehouse District.
      20 S Ontario St, Toledo, OH 43604
      View Details
    • $850,000

      Historic Building in Prime Location

      23,600 SF historic building in the heart of the city.
      241 N Superior St, Toledo, OH 43604
      View Details
    • $600,000
      3,304 SF

      NNN Leased Investment Property

      NNN leased investment property in Toledo, OH with 15-year lease.
      4842 Dorr St, Toledo, OH 43615
      View Details
    • $350,000

      Retail Space on Airport Highway

      Retail space with high visibility and strong upside potential.
      5310 Airport Hwy, Toledo, OH 43615
      View Details
    • $2,750,000

      Fully Leased Retail Building For Sale

      22,009 SF retail building near Franklin Park Mall.
      5033 Monroe St, Toledo, OH 43623
      View Details
    • $3,995,000

      Toledo Westgate Area Office Building

      Seven-story office building for sale or lease in Toledo.
      3103 Executive Pkwy, Toledo, OH 43606
      View Details
    • $849,999
      1,666 SF

      Freestanding Building at Ohio/Michigan Border

      Freestanding building with retail and flex space for lease.
      6195 Lewis Ave, Toledo, OH 43612
      View Details
    • $380,000

      West Toledo Multi-Use Opportunity

      7,200 SF office building for sale or lease.
      4221 W Alexis Rd, Toledo, OH 43613
      View Details
    • $399,999

      Toledo Building For Sale

      6,702 SF building in Whitmer-Trilby area of West Toledo.
      3131 Tremainsville Rd, Toledo, OH 43613
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Toledo Multifamily Building, High Potential
    Where is this multifamily property located?
    The property is located at 5744 Southwyck Blvd Toledo, OH.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Excellent redevelopment potential.; Adjacent to Amazon distribution center.; Easy access to I-80/I-90 Ohio Turnpike.
    (216) 214-1197 Call to check price and availability
    Request Owner's contact information
    5744 Southwyck Blvd Toledo, OH 43614
    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.
    5744 Southwyck Blvd
    Toledo, OH 43614
    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
    5744 Southwyck Blvd Toledo, OH 43614
    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 David Mrachko
    David Mrachko
    Real Estate License ID: 2012003123
    (216) 214-1197 (734) 222-0418 (216) 839-2014
    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!