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Property profile & analytics
OFF-MARKET
Neighborhood centers

5225 Airport Hwy Toledo, OH 43615

187,124 SF 22.91 ac lot Built 1986
Property ID
Property summary
AI-generated overview

Airport Square Shopping Center, a Class A retail property in Toledo, Ohio, presents a compelling investment opportunity. This established neighborhood center boasts 187,124 square feet across three single-story buildings, situated on a substantial 22.91-acre lot. The property features 5 suites, with available leasable space ranging from 1,233 square feet to a sizable 25,000 square foot junior anchor space (44,830 square feet currently vacant). Built in 1986 and renovated in 2008, the center offers ample parking with 900+ spaces. Its prime location at the hard corner of Airport Highway and Reynolds Road, both four-lane highways with dedicated turning lanes, ensures high visibility and accessibility. The property benefits from excellent traffic counts and proximity to major thoroughfares, including I-475 (one mile east), and is strategically located near other significant retail destinations such as Spring Meadows Place, Springfield Commons, and an Amazon last-mile facility. The zoning is Regional Commercial, and the property's APN is 20-06431 and 20-06411 in Lucas County. This well-maintained center offers a unique chance to acquire a significant retail presence in a thriving South Toledo location.

Property profile
Verified
Property type Neighborhood centers
Year built 1986
Total area 187,124 SF
Lot 22.91 ac (997,960 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
  • Qwick Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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