Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Huron St Toledo, OH 43604-8793

    • Industrial land
    • 10,240 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Aug 18, 2020
    $929,500
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1752509
    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

    • Industrial land

    Property Details for 115 Huron St

    Year built
    1905
    Lot size
    0.12 lot acres
    Property size
    10,240 SF
    Zone code
    10-IL
    Property type
    Industrial land
    APN
    12-17167
    APU
    1217167

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $585,000
      ML approach
      $775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,035,000
      6.5%
      $955,000
      7%
      $885,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $760,000
      AUTO REPAIR, GARAGE
      $740,000
      NEIGHBORHOOD: SHOPPING CENTER
      $720,000
      RETAIL STORES
      $665,000
      OFFICE BUILDING
      $650,000
      COMMERCIAL (GENERAL)
      $625,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5413
    Latitude
    41.6465
    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
    $717
    $6,195
    $0.00
    $6,195
    -
    $17,700
    $0.00
    $17,700

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      429 Hamilton St

      INDUSTRIAL - VACANT LAND • 0.01 Acres
      429 Hamilton St, Toledo, OH 43604-8538
      View Details
    • Value Estimation by Request
      0.02 Acres

      61 Lucas St

      INDUSTRIAL - VACANT LAND • 0.02 Acres
      61 Lucas St, Toledo, OH 43604-8278
      View Details
    • Value Estimation by Request
      0.01 Acres

      1412 Jackson St

      INDUSTRIAL - VACANT LAND • 0.01 Acres
      1412 Jackson St, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      0.08 Acres

      617 Lafayette St

      INDUSTRIAL - VACANT LAND • 0.08 Acres
      617 Lafayette St, Toledo, OH 43604-8721
      View Details
    • Value Estimation by Request
      0.11 Acres

      361 Factory St

      INDUSTRIAL - VACANT LAND • 0.11 Acres
      361 Factory St, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      0.08 Acres

      511 Saint Clair St

      INDUSTRIAL - VACANT LAND • 0.08 Acres
      511 Saint Clair St, Toledo, OH 43604
      View Details

    Similar Nearby for Sale

    • $50,000

      Dorr Street Development Opportunity

      0.55 acre development site on Dorr Street for sale.
      649 Dorr St, Toledo, OH 43604
      View Details
    • $325,000
      1.25 Acres

      Downtown Toledo Development Land

      1.25-acre commercial lot, prime location.
      516 State St, Toledo, OH 43604
      View Details
    • $3,400,000
      175,212 SF

      Secor Building: Toledo Redevelopment

      Historic Toledo building, prime location, high potential.
      425 Jefferson Ave, Toledo, OH 43604
      View Details
    • Contact for pricing
      9,645 SF

      Toledo Retail Corridor NNN Lease

      NNN leased retail property in Toledo's prime retail corridor.
      5290 Monroe St, Toledo, OH 43604
      View Details
    • $549,000

      Industrial Building Near I-280/I-75

      36,159 SF industrial building with highway access.
      922 Locust St, Toledo, OH 43604
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      30,600 SF

      Downtown Toledo Retail Space

      Historic building, 5,395 sq ft available
      33 Huron St, Toledo, OH 43604
      View Details
    • $18 SF/Yr
      2,718 SF

      Downtown Toledo Retail Space Available

      Mixed-use property in the Warehouse District near Fifth Third Field.
      608 Market St, Toledo, OH 43604
      View Details
    • Contact for pricing

      Downtown Toledo Retail Space Available

      Retail space for lease in renovated downtown Toledo building.
      710 Monroe St, Toledo, OH 43604
      View Details
    • $18 SF/Yr
      125,000 SF

      Premier Office Tower with Views

      Northwest Ohio's preeminent office tower with modern design features.
      550 N Summit St, Toledo, OH 43604
      View Details
    • Contact for pricing
      1,800 SF

      Retail Storefront with Ample Parking

      1,440 SF retail space with high traffic and parking.
      5226 Monroe St, Toledo, OH 43604
      View Details
    • $12 SF/Yr

      Toledo Office/Commercial Space For Lease

      23,600 SF of versatile space in historic Toledo building.
      241 N Superior St, Toledo, OH 43604
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Huron St
    Toledo, OH 43604-8793
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!