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    1256 Broadway St Toledo, OH 43609

    • Strip malls
    • 11,860 SF
    • 0.72 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $435,000
    Last Sale
    Mar 08, 2024
    $425,000
    Location Intelligence
    Property ID
    US66-2062104
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 5 star mini market llc / Grocery Store
    • Stop & Go / Convenience Store / Check Cashing Service
    • Athena Bitcoin ATM / Crypto Atm / Atm
    • Bitcoin of America ATM / Atm

    Property Details for 1256 Broadway St

    Year built
    1987
    Lot size
    0.72 lot acres
    Property size
    11,860 SF
    Zone code
    10-CS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    02-21251
    APU
    221251

    Description

    Heritage South Plaza, located at 1256 Broadway Street in Toledo, Ohio (43609), presents a compelling retail investment opportunity. This single-story, 11,860 square foot strip center, built in 1987, sits on a 0.72-acre lot and offers ample parking with 36 spaces. Currently, there are multiple units available, ranging from a minimum of 1,419 square feet to a maximum contiguous space of 2,640 square feet. A total of 4,059 square feet is currently vacant, providing flexibility for various retail concepts. The property is zoned CS - Commercial Service and is conveniently located near Western Avenue in Toledo's South/Southwest submarket. The property's APN is 02-21251, and it's situated in Lucas County. This well-positioned center offers excellent visibility and accessibility, making it an ideal location for businesses seeking a strong presence in a thriving commercial area. The property's single-story design and ample parking provide convenience for both tenants and customers. This is a rare opportunity to secure retail space in a desirable Toledo location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $485,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $445,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $495,000
      Retail
      $395,000
      Mixed-Use
      $450,000
      Hospitality
      $495,000
      Educational
      $410,000
      Residential Income
      $475,000
      Energy
      $430,000
      Income-Based Land
      $380,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5528
    Latitude
    41.6338
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,376
    $27,615
    $73,675
    $101,290
    -
    $78,900
    $210,500
    $289,400

    Comparable in this City

    • Value Estimation
      $315,000
      8,554 SF

      2604 Airport Hwy

      SHOPPING CENTER, STRIP CENTER • 8,554 SF
      2604 Airport Hwy, Toledo, OH 43609
      View Details
    • Value Estimation by Request
      6.59 Acres

      2857 Airport Hwy

      SHOPPING CENTER, STRIP CENTER • 6.59 Acres
      2857 Airport Hwy, Toledo, OH 43609-1545
      View Details
    • Value Estimation
      $205,000
      3,807 SF

      1419 Ss Ave

      SHOPPING CENTER, STRIP CENTER • 3,807 SF
      1419 Ss Ave, Toledo, OH 43609-1142
      View Details
    • Value Estimation
      $230,000
      4,930 SF

      1907 Broadway St

      SHOPPING CENTER, STRIP CENTER • 4,930 SF
      1907 Broadway St, Toledo, OH 43609-3203
      View Details
    • Value Estimation
      $215,000
      3,300 SF

      886 Woodsdale Ave

      SHOPPING CENTER, STRIP CENTER • 3,300 SF
      886 Woodsdale Ave, Toledo, OH 43609
      View Details
    • Value Estimation
      $490,000
      29,940 SF

      2857 Airport Hwy

      SHOPPING CENTER, STRIP CENTER • 29,940 SF
      2857 Airport Hwy, Toledo, OH 43609-1545
      View Details

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    Similar Nearby for Lease

    • $8 SF/Yr
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      Heritage South Plaza Retail Space

      Toledo Retail Center: Prime Location, Multiple Units Available
      1256 Broadway St, Toledo, OH 43609
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    1256 Broadway St
    Toledo, OH 43609
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    Realmo Value Estimation

    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.

    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.

    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
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