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Property profile & analytics
OFF-MARKET
Land

3015 Glendale Ave Toledo, OH 43614

12 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12-acre site in Toledo, Ohio, presents a fully entitled opportunity for a single-story self-storage development. Located at 3015 Glendale Ave, in Lucas County, this prime location boasts high visibility with 7,450 vehicles passing daily. The project, approved in February 2024, includes all necessary entitlements, eliminating lengthy permitting processes. Detailed plans are in place, encompassing full engineering and civil plans, an ALTA survey, a completed Phase 1 environmental study, geo-technical plans, and elevations. The development features 922 units, totaling 133,825 net rentable square feet (NRSF). A significant advantage is the site's adjacency to a Walmart Supercenter, ensuring high traffic and strong consumer demand. All contingencies, including Walmart's approval, have been successfully addressed, concluding a 12-month process. This turnkey opportunity allows for immediate commencement of construction, offering significant potential for a high-return investment. The asking price for this fully approved self-storage land is $900,000. The property is zoned for self-storage use.

Property profile
Verified
Property type Land
Lot 12 ac (522,720 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
  • Hong Kong Buffet Restaurant Buffet
  • Walmart Deli Food Market Restaurant
  • GameStop Arcade & Gaming Center Electronics & Wireless Store
  • Toledo Commons Shopping Center & Mall
  • Moes Smokes (Bike/Boat/Book/etc) Store Alternative Medicine Practice
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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