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Property profile & analytics
FOR SALE
Triplexes
123 Erie St Toledo, OH 43604
Entity Owned
4-yr Hold
Property ID
US66-0819853
For Sale
1 / 31
$1,419,000
123 Erie St, Toledo, OH 43604
View Listing →
Property summary
AI-generated overview
Rare opportunity to acquire a fully renovated mixed-use asset in Downtown Toledo. Fully redeveloped in 2019/2020, the property features an expansive 3-bedroom/2.5-bath penthouse loft on the top floor, two luxury 2-bedroom/2-bath apartments on the second floor, and a street-level commercial space occupied by Last Hope Tattoo. The renovation preserved the building's historic character while incorporating high-end modern finishes and updated systems throughout. Located within walking distance of Toledo's entertainment, dining, and riverfront destinations, 123 Erie Street offers a unique opportunity to enjoy luxury downtown living while generating income from the apartments and commercial space below. Financial available upon qualified request.
Property profile
Verified
Property type
Triplexes
Year built
1888
Total area
10,560 SF
UPID
US66-0819853
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
-
Regers Apartment Building
-
123 N Erie St Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
North Erie One LLC · 4 yrs held
North Erie One LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
Triplexes
Status
For Sale
Year built
1888
Total area
10,560 SF
UPID
US66-0819853
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1888
Current owner
From public records · entity-resolved
North Erie One LLC
Entity
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
North Erie One LLC
—
Deed
related
$1,162,000 · The Hamler State Bank
Jul 29, 2024
—
North Erie One LLC
—
Deed
related
$350,000 · The Hamler State Bank
Aug 4, 2021
$985,000
North Erie One LLC
123 N Erie LLC
Warranty Deed
$905,000 · The Hamler State Bank
Feb 11, 2019
—
123 N Erie LLC
—
Deed
related
$570,000 · State Bk&tr
Aug 2, 2017
$115,000
123 N Erie LLC
Rumpf,bnice
Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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