111 Burbank Dr Toledo, OH 43607-3319
This exceptional industrial property, located at 111 Burbank Dr, Toledo, OH 43607, presents a compelling investment opportunity. The 14,090-square-foot warehouse, built in 1965, sits on a 0.7-acre lot and is zoned Industrial General (IG). The single-story building features five dock-high doors, providing convenient access for loading and unloading. Ceiling heights range from 14'3" to 16'3", offering ample vertical space for storage and operations. The property includes 20 parking spaces for employees and visitors. Currently, the building houses a single income-producing tenant on a month-to-month lease, operating below market rate, and expressing a desire to remain. Utilities are separately metered for efficient cost management. The asking price is $390,000, translating to $23 per square foot. The property's APN is 05465077, 46087. This multi-tenant building offers significant potential for immediate income and future growth, making it an attractive addition to any investment portfolio. The property's location in Lucas County provides easy access to major transportation routes. This is a rare opportunity to acquire a well-maintained, income-generating industrial property in a desirable location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
10-IG · Toledo, OHToledo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.