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Property profile & analytics
OFF-MARKET
Lifestyle centers

4011 Secor Rd Toledo, OH 43623

15,500 SF
Property ID
Property summary
AI-generated overview

This 15,500 square foot shopping center in Toledo, Ohio, presents a compelling investment opportunity. Located at 4011-4015 Secor Road, this multi-tenant property boasts 100% occupancy with established, long-term tenants demonstrating strong commitment to the area. The property features ample parking (90 paved spaces) and excellent accessibility via three curb cuts. High traffic counts (20,950 vehicles per day) on Secor Road, combined with prominent frontage on both Secor Road and Sylvania Avenue, ensure significant visibility. The strong demographics are further supported by a population of 104,218 within a 3-mile radius, and the property benefits from proximity to major businesses including Mercy Health/St. Anne Hospital, Toledo Clinic, Rite Aid, Walgreens, Kroger, and Best Buy. The property is offered at $2,575,000, with a pro-forma cap rate of 7.55%. The lease type is NNN. Below-market rents suggest potential for increased returns. This is a rare opportunity to acquire a well-positioned, fully occupied retail investment property in a thriving Toledo location.

Property profile
Verified
Property type Lifestyle centers
Total area 15,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cash Plus Bank Credit Union
  • Eric Hohenberger, OD Ophthalmologist (Bike/Boat/Book/etc) Store
  • Three Amigos Optical Ophthalmologist (Bike/Boat/Book/etc) Store
  • D. Levine Physician
  • Michael A. Cooper, OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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