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Property profile & analytics
OFF-MARKET
Estimated value
$21,430,000
Outlet malls
1115 Alexis Rd Toledo, OH 43612
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1590616
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2008
Total area
230,400 SF
Lot
18.37 ac (800,101 SF)
Zoning code
10-CR
APN
22-75329
UPID
US66-1590616
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.11M
Comparable Approach
Comparable
$19.41M
Blend (final)
Blend
$21.43M
Owner & transaction history
MENARD INC, A WISCONSIN CORP
MENARD INC, A WISCONSIN CORP
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.1M
+39.0%
Auto repair, garage
$16.8M
+36.6%
Neighborhood: shopping center
$16.3M
+32.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,035,000
6.5%
$23,110,000
7%
$21,460,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$17,065,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,775,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,250,000
Change: +32% · Conversion: Moderate
OFFICE BUILDING
$14,605,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$14,040,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$21.43M
Range $19.29M – $23.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$353,271
Tax year 2023
Assessed value
$3,721,060
Assessed 2023
Previous assessed
$3,721,060
+0.0% YoY
Effective rate
9.49%
On assessed value
Assessed land
$685,860
Assessed improvement
$3,035,200
Land market value
$1,959,600
Improvement market value
$8,672,000
Total market value
$10,631,600
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
230,400 SF
Lot
18.37 ac (800,101 SF)
Zoning code
10-CR
APN
22-75329
UPID
US66-1590616
Jurisdiction
LUCAS
Zoning & alternative use
10-CR · Toledo, OHZoning 10-CR · permitted uses
10-CR · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$17.1M
AUTO REPAIR, GARAGE
Est. value
$16.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.3M
OFFICE BUILDING
Est. value
$14.6M
COMMERCIAL (GENERAL)
Est. value
$14.0M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Lot
18.37 ac
Current owner
From public records · entity-resolved
MENARD INC, A WISCONSIN CORP
Entity
Free & Clear · 0 yrs held
Mailing address
4777 MENARD DR, EAU CLAIRE, WI 54703-9604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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