Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    505 Jefferson Ave Toledo, OH 43604
    Back to Search
    Property profile & analytics

    505 Jefferson Ave, Toledo, OH 43604

    View on Map
    • Neighborhood centers
    • 12,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • IDER security / Security Service
    • Whiskey Red Saloon / Bar & Pub
    • Pre-Paid Legal Services Inc. Independent Associate / Law Firm
    • Tiffany M. Muirhead, LPN / Physician
    • Merchant Service Partners Toledo / Business To Business Service

    Property Details for 505 Jefferson Ave

    Property type
    Neighborhood centers
    Property subtype
    Shopping centers

    Description

    This exceptional restaurant opportunity is situated at 505 Jefferson Avenue in the heart of Downtown Toledo, Ohio, a vibrant and rapidly growing area. The property boasts a substantial 12,000 square feet of improved retail space, ideal for a large-scale restaurant operation. Its strategic location places it between the Mud Hens baseball stadium (5/3rd Field) and the Walleye hockey arena (Huntington Center), ensuring high visibility and foot traffic. Across the street lies the Seagate Convention Center, complemented by two newly constructed hotels offering over 500 rooms. This prime location is within the central business district, boasting the highest concentration of office workers in Northwest Ohio, providing a substantial daytime customer base. The area is experiencing significant residential growth, with an anticipated influx of 1,000 new residents within the next 12-18 months, thanks to the addition of 156 new apartments nearby. This presents a unique opportunity to capitalize on a burgeoning market with a strong existing infrastructure and a promising future. The property is easily accessible and benefits from excellent visibility on Jefferson Avenue, near the intersection with North Superior Street, in Lucas County, zip code 43604. This is a rare chance to establish a thriving restaurant business in a dynamic and expanding urban core.

    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
    -83.5374
    Latitude
    41.6503

    Comparable in this City

    • Value Estimation by Request
      12,240 SF

      523 Monroe St

      Individual retail properties
      523 Monroe St, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      30,780 SF

      725 Jefferson Ave

      Individual retail properties
      725 Jefferson Ave, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      20,000 SF

      405 Huron St

      Individual retail properties
      405 Huron St, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      55,207 SF

      1002-1004 Water St

      Individual retail properties
      1002-1004 Water St, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      55,207 SF

      1002-1004 Water St

      Individual retail properties
      1002-1004 Water St, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      60,269 SF

      151 Michigan St

      Restaurants
      151 Michigan St, Toledo, OH 43604
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      14,970 SF

      Toledo Doggie Daycare & Boarding

      Downtown Toledo doggie daycare and boarding facility for sale.
      1707 Monroe St, Toledo, OH 43604
      View Details
    • Contact for pricing
      10,424 SF

      Toledo Commercial Opportunity on Dorr

      Highly visible commercial property near downtown and University of Toledo.
      551 Dorr St, Toledo, OH 43604
      View Details
    • Contact for pricing
      16,560 SF

      Downtown Toledo Freestanding Office Building

      Freestanding office building in Downtown Toledo with parking available.
      622 Jefferson Ave, Toledo, OH 43604
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Toledo Commercial Space Available

      Prime commercial space in downtown Toledo, fully renovated.
      710 Monroe St, Toledo, OH 43604
      View Details
    • Contact for pricing

      Downtown Toledo Freestanding Commercial Building

      1,215 SF retail/restaurant space in high-traffic downtown location.
      222 S Summit St, Toledo, OH 43604
      View Details
    • Contact for pricing

      Historic Building in Downtown Toledo

      Prime leasing opportunity in a dynamic, thriving downtown location.
      33 N Huron St, Toledo, OH 43604
      View Details
    • Contact for pricing
      5,880 SF

      Downtown Toledo Office Tower Space

      First-class office tower with on-site amenities and stunning city views.
      300 300 Madison Ave, Toledo, OH 43604
      View Details
    • Contact for pricing
      29,920 SF

      Versatile Retail/Office/Medical Space Available

      Adaptable space suitable for retail, office, or medical tenants.
      152 N Summit St, Toledo, OH 43604
      View Details
    • Contact for pricing
      1,250 SF

      Downtown Toledo Retail/Office/Medical Space

      Retail, office, or medical space in downtown Toledo.
      100-152 S Summit St, Toledo, OH 43604
      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.
    505 Jefferson Ave
    Toledo, OH 43604
    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
    505 Jefferson Ave, Toledo, OH, 43604
    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!