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Property profile & analytics

5650 Central Ave Toledo, OH 43615

  • Office buildings
  • 33,840 SF
  • 1.84 lot acres
Value Estimation
$840,000
Last Sale
Jul 05, 2022
$965,000
Location Intelligence
Property ID
US66-0249949
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

  • Full Zoom / Video Production Service
  • Greater Toldeo USBC / Leagues Club
  • Bridge Center / Bridge Club
  • Sylvania Office Space / Real Estate Agency
  • Associated Pathologists Inc / Medical Clinic / Pathologist

Property Details for 5650 Central Ave

Year built
1971
Lot size
1.84 lot acres
Property size
33,840 SF
Zone code
20-C2
Property type
Office buildings
APN
78-36517
APU
7836517

Description

This single-tenant office space, totaling 3,000 square feet, is located at 5650 Central Avenue, Suite A, in Toledo's Sylvania Township. The property boasts excellent visibility and accessibility on a major thoroughfare, with ample surface parking (175 spaces) and two curb cuts. The building, a 33,840 square foot Class B structure built in 1971, features a planned 2024 facade and parking lot renovation. The space itself includes a kitchenette/break area, three private offices, and an open workspace. All utilities are included in the monthly rent; tenant is responsible for in-suite janitorial expenses. The C-2 zoning allows for diverse commercial uses. The location offers easy access to numerous restaurants and major retailers, and is conveniently situated one mile east of the I-475/US-23 interchange. High traffic counts are reported for Central Avenue (23,316 VPD), I-475/US-23 (95,051 VPD), and Holland Sylvania (19,159 VPD). The property sits on a 3.23-acre lot (APN: 7836517 & 7836537) and benefits from Sylvania Township's lack of personal income tax. This is an exceptional opportunity for businesses seeking high-visibility office or retail space in a prime Toledo location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $835,000
  • CAP approach

    CAP return
    Estimation
    6%
    $895,000
    6.5%
    $850,000
    7%
    $830,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $855,000
    Geo Method
    $940,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $945,000
    Retail
    $945,000
    Mixed-Use
    $870,000
    Hospitality
    $845,000
    Educational
    $730,000
    Residential Income
    $855,000
    Energy
    $845,000
    Income-Based Land
    $790,000
    Food Service
    $705,000

Location Insight

  • Map
  • Local Demand
City
Toledo
County
Lucas
State
Ohio
Longitude
-83.6767
Latitude
41.6777
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
$25,707
$110,915
$131,320
$242,235
-
$316,900
$375,200
$692,100
More about this property
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