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Property profile & analytics
OFF-MARKET
Estimated value
$11,055,000
Outlet malls
1136 Alexis Rd Toledo, OH 43612-4204
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-2105463
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2003
Total area
132,601 SF
Lot
14.41 ac (627,787 SF)
Zoning code
10-MX
APN
23-00877
UPID
US66-2105463
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
Current use
Occupant on record · Public records
-
Installation Services General Contractor
-
Lowe's Garden Center Garden Center
-
Lowes Indoor Lumber Yard Big Box & Wholesale Store Building Supply
-
Lowe's Home Improvement Building Supply Industrial Manufacturer
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.82M
CAP Approach
CAP
$13.30M
Comparable Approach
Comparable
$10.31M
Blend (final)
Blend
$11.06M
Owner & transaction history
Agree Toledo Oh LLC · 6 yrs held
Agree Toledo Oh LLC
since 2020
Last sale
$11.4M
1 recorded transaction
Zoning & alternative use
10-MX · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.8M
+39.0%
Auto repair, garage
$9.7M
+36.6%
Neighborhood: shopping center
$9.4M
+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
$7,205,000
ML approach
$6,815,000
CAP Approach
CAP Return
Estimation
6%
$14,410,000
6.5%
$13,300,000
7%
$12,350,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,065,000
Current use
MEDICAL BUILDING
$9,820,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,655,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,350,000
Change: +32% · Conversion: Moderate
OFFICE BUILDING
$8,405,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,080,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$11.06M
Range $9.95M – $12.16M · ±10% · vs last sale $11.40M (Jan 14 2020)
Last sale anchor
$11.40M
Jan 14 2020
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
$83 / 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
$170,541
Tax year 2023
Assessed value
$1,770,615
Assessed 2023
Previous assessed
$1,770,615
+0.0% YoY
Effective rate
9.63%
On assessed value
Assessed land
$382,445
Assessed improvement
$1,388,170
Land market value
$1,092,700
Improvement market value
$3,966,200
Total market value
$5,058,900
Applied tax rate
23.0000
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
2003
Heating
NONE
Stories
1
Total area
132,601 SF
Lot
14.41 ac (627,787 SF)
Zoning code
10-MX
APN
23-00877
UPID
US66-2105463
Jurisdiction
LUCAS
Zoning & alternative use
10-MX · Toledo, OHZoning 10-MX · permitted uses
10-MX · 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
RETAIL STORES Current
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$9.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.4M
OFFICE BUILDING
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$8.1M
RETAIL STORES Current
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
2003
Heating
NONE
Stories
1
Lot
14.41 ac
Current owner
From public records · entity-resolved
Agree Toledo Oh LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
—
Agree Toledo Oh LLC
Srk North Toledo Assn LLC
Grant Deed
—
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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