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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1045 Matzinger Rd Toledo, OH 43612

    • Truck terminals
    • 7,200 SF
    • 2.71 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Last Sale
    Sep 23, 2024
    $215,000
    Value Estimations
    $225,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6304252
    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

    • Tri-Dim Filter Corporation / Auto Parts Store / Electrician

    Property Details for 1045 Matzinger Rd

    Year built
    1965
    Lot size
    2.71 lot acres
    Property size
    7,200 SF
    Zone code
    10-IG
    Property type
    Truck terminals
    APN
    22-80574
    APU
    2280574

    Description

    This exceptional single-tenant industrial property, located in Lucas County, offers 7,200 square feet of warehouse space situated on a 2.5-acre lot. Built in 1965 and extensively renovated in 2024, this Class C building boasts a 15-foot ceiling height, perfect for various distribution needs. The property features twelve loading docks and one drive-in door, ensuring efficient loading and unloading operations. Heavy power is available to support demanding operations. The property's ample space and convenient features make it ideal for logistics and distribution businesses. The landlord is open to providing tenant improvements and build-to-suit options, offering flexibility to tailor the space to specific operational requirements. Access to product forwarding and third-party logistics (3PL) services is also available, streamlining operations and enhancing efficiency. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with significant potential for growth and success. The single-story building provides easy access and maneuverability, while the substantial land area allows for future expansion or additional development. This property represents a compelling investment opportunity in a thriving industrial market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $215,000
      ML approach
      $215,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $253,000
      Market price range: $152k - $264k

    • Alternative Use

      Use
      Estimation
      TRUCK TERMINAL (MOTOR FREIGHT)
      $200,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $275,000
      Change: +37% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5217
    Latitude
    41.7074
    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
    $8,612
    $11,655
    $68,670
    $80,325
    -
    $33,300
    $196,200
    $229,500

    Comparable in this City

    • Value Estimation
      $700,000
      89,299 SF

      1507 Matzinger Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 89,299 SF
      1507 Matzinger Rd, Toledo, OH 43612
      View Details
    • Value Estimation
      $320,000
      11,040 SF

      502 Matzinger Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 11,040 SF
      502 Matzinger Rd, Toledo, OH 43612-2629
      View Details
    • Value Estimation
      $480,000
      9,600 SF

      435 Dura Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 9,600 SF
      435 Dura Ave, Toledo, OH 43612-2619
      View Details
    • Value Estimation
      $215,000
      7,200 SF

      5400 Progress Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 7,200 SF
      5400 Progress Ave, Toledo, OH 43612
      View Details
    • Value Estimation
      $705,000
      220,400 SF

      1212 Alexis Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 220,400 SF
      1212 Alexis Rd, Toledo, OH 43612-3974
      View Details
    • Value Estimation
      $565,000
      20,900 SF

      1260 Matzinger Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 20,900 SF
      1260 Matzinger Rd, Toledo, OH 43612-3849
      View Details

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      99,408 SF

      99,408 SF Manufacturing Building

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    Similar Nearby for Lease

    • $6 SF/Yr
      230,000 SF

      Industrial Warehouse with Truck Docks

      309,968 SF industrial warehouse with abundant truck docks.
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      View Details
    • $6 SF/Yr
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      Prime Toledo Warehouse Space

      309,968 SF Industrial Warehouse, 28.5 Acres
      1435 Matzinger Rd, Toledo, OH 43612
      View Details
    • Contact for pricing
      21,463 SF

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    • Contact for pricing
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      Class A Industrial Space Available in Toledo, OH
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    • $7 SF/Yr
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      Prime Lucas County Warehouse

      7,200 SF Warehouse, 2.5 Acres
      1045 Matzinger Rd, Toledo, OH 43612
      View Details
    • $4 SF/Yr
      66,742 SF

      Warehouse Space Near I-75

      66,742 SF warehouse with convenient highway access.
      3863 Lagrange St, Toledo, OH 43612
      View Details
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    Toledo, OH 43612
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    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
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