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Property profile & analytics
OFF-MARKET
Estimated value
$11,925,000
Medical Office Space
1200 Detroit Ave, Toledo, OH 43614-5903
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2801699
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Total area
94,439 SF
Lot
9.85 ac (429,181 SF)
Zoning code
10-CO
APN
18-87704
UPID
US66-2801699
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
-
Dept of Veterans Affairs Veterans Affairs Department Pharmacy
-
Toledo VA Clinic Medical Clinic
-
VA Toledo,Ohio Clinic Physician
-
Robert Zimmerman Physician
-
Gross Thomas H MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.48M
Comparable Approach
Comparable
$13.39M
Blend (final)
Blend
$11.93M
Owner & transaction history
Toledo Va Co LLC · 15 yrs held
Toledo Va Co LLC
since 2011
3 recorded transactions
Zoning & alternative use
10-CO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.9M
+113.0%
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%
$14,595,000
6.5%
$13,475,000
7%
$12,510,000
Alternative Use
Use
Estimation
RESTAURANT
$14,900,000
Change: +113% · Conversion: Difficult
Blend value · Realmo final
$11.93M
Range $10.73M – $13.12M · ±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
$126 / 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
$349,175
Tax year 2023
Assessed value
$3,835,755
Assessed 2023
Previous assessed
$3,835,755
+0.0% YoY
Effective rate
9.10%
On assessed value
Assessed land
$186,830
Assessed improvement
$3,648,925
Land market value
$533,800
Improvement market value
$10,425,500
Total market value
$10,959,300
Applied tax rate
18.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Heating
NONE
Stories
2
Total area
94,439 SF
Lot
9.85 ac (429,181 SF)
Zoning code
10-CO
APN
18-87704
UPID
US66-2801699
Jurisdiction
LUCAS
Zoning & alternative use
10-CO · Toledo, OH
Zoning 10-CO · permitted uses
10-CO · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$14.9M
RESTAURANT
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
2012
Heating
NONE
Stories
2
Lot
9.85 ac
Current owner
From public records · entity-resolved
Toledo Va Co LLC
Entity
Free & Clear · 15 yrs held
Mailing address
27500 DETROIT RD STE #300, WESTLAKE, OH 44145-5913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2012
—
Toledo Va Co LLC
—
Deed Of Trust
related
$15,600,000 · Federal Funding Group INC
Feb 28, 2011
$810,098
Toledo Va Co LLC
University Of Toledo
Grant Deed
related
—
Feb 28, 2011
$810,900
Toledo Va Co LLC
University Of Toledo Foun
Trustees Deed
related
$5,000,000 · Huntington Nat'l Bk/fl
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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