Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2201-2181 Tedrow Rd Toledo, OH 43614
    Property profile & analytics

    2201-2181 Tedrow Rd, Toledo, OH 43614

    View on Map
    • Warehouses
    • 11,550 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2201-2181 Tedrow Rd

    Year built
    1996
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional investment opportunity presents a 11,550 square foot industrial warehouse located at 2201-2181 Tedrow Road, Toledo, Ohio 43614. The property consists of three single-story buildings, totaling 65 units, built in 1996/1998 and extensively renovated in 2024. Currently occupied by a single tenant under a triple-net (NNN) lease, this property offers a secure and passive income stream. The tenant, Konecranes, a publicly traded company, signed a brand new five-year lease commencing February 1st, 2024. Konecranes has a long history with this location, having been a tenant since the early 2000s, demonstrating a strong commitment to the property. The asking price is $850,000, projecting a pro-forma cap rate of 10%. This is a rare opportunity to acquire a stable, high-yielding industrial and self-storage investment with a strong tenant and a proven track record. The property's location in Lucas County, Ohio provides excellent access to major transportation routes and a robust local economy. Detailed financial information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6195
    Latitude
    41.5989

    Comparable in this City

    • Value Estimation by Request
      93,760 SF

      5105 Glendale Ave

      Distribution properties
      5105 Glendale Ave, Toledo, OH 43614
      View Details
    • Value Estimation by Request
      31,081 SF

      2930 Glanzman Rd

      WAREHOUSE, STORAGE
      2930 Glanzman Rd, Toledo, OH 43614
      View Details
    • Value Estimation by Request
      9,600 SF

      1413 Detroit Ave

      WAREHOUSE, STORAGE
      1413 Detroit Ave, Toledo, OH 43614
      View Details
    • Value Estimation
      $1,185,000
      101,082 SF

      2145 Tedrow Rd

      WAREHOUSE, STORAGE
      2145 Tedrow Rd, Toledo, OH 43614-3827
      View Details
    • Value Estimation
      $640,000
      11,874 SF

      2221 Tedrow Rd

      WAREHOUSE, STORAGE
      2221 Tedrow Rd, Toledo, OH 43614-3860
      View Details
    • Value Estimation
      $1,040,000
      57,926 SF

      3770 Detroit Ave

      WAREHOUSE, STORAGE
      3770 Detroit Ave, Toledo, OH 43614-4455
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Toledo Apartment Community For Sale

      32-unit apartment community with recent upgrades in Toledo, Ohio.
      1819 Garden Ridge Dr, Toledo, OH 43614
      View Details
    • Contact for pricing

      Glendale Avenue Duplex Investment Opportunity

      Duplex near river with income potential in South Toledo.
      1820 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing

      Harvard Terrace Duplex For Sale

      Well-maintained duplex in Harvard Terrace with stable rental history.
      127 University Blvd, Toledo, OH 43614
      View Details
    • Contact for pricing
      6,811 SF

      Commercial Pad Site on Glendale

      1.6-acre commercial pad site with high visibility.
      2915 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing

      Reynolds Road Commercial Land Available

      Commercial land with high visibility and frontage on Reynolds Rd.
      2325 S Reynolds Rd, Toledo, OH 43614
      View Details
    • Contact for pricing

      Commercial Land with High Visibility

      Land with frontage and easy highway access in Toledo.
      2325 S Reynolds Rd, Toledo, OH 43614
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,869 SF

      South Toledo Retail/Industrial Space

      23,873 SF former grocery store suitable for retail/industrial use.
      5105-5115 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing

      Glendale Avenue Commercial Space Available

      Commercial, office, warehouse, and retail spaces for lease.
      5105 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing

      Retail Space on Glendale Avenue

      Retail space available on Glendale Avenue, Toledo, OH.
      3015 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing
      3,500 SF

      Retail Spaces Available for Lease

      Retail spaces available immediately, tenant improvement allowance potential.
      1339-1415 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at 2040 S. Byrne Road, Toledo.
      2040 S Byrne Rd, Toledo, OH 43614
      View Details
    • Contact for pricing
      2,945 SF

      Retail Suites Available for Lease

      Retail suites available with full basement for storage.
      2030-2040 S Byrne Rd, Toledo, OH 43614
      View Details
    Request Owner's contact information
    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.
    2201-2181 Tedrow Rd
    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
    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

    Thank You for Inquiry
    2201-2181 Tedrow Rd, Toledo, OH, 43614
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!