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Property profile & analytics
OFF-MARKET
Estimated value
$3,410,000
Manufacturing properties
1301 Washington St Toledo, OH 43604
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0255815
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Total area
62,440 SF
Lot
3.93 ac (171,220 SF)
Zoning code
10-IL
APN
12-19114
UPID
US66-0255815
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
by Request
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.41M
Owner & transaction history
Lucas County Board Of Commissioners · 3 yrs held
Lucas County Board Of Commissioners
since 2023
5 recorded transactions
Zoning & alternative use
10-IL · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.6M
+138.9%
Auto repair, garage
$4.5M
+132.7%
Neighborhood: shopping center
$4.4M
+127.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,625,000
Change: +139% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,505,000
Change: +133% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,405,000
Change: +127% · Conversion: Difficult
RETAIL STORES
$4,055,000
Change: +109% · Conversion: Moderate
OFFICE BUILDING
$3,955,000
Change: +104% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,805,000
Change: +97% · Conversion: Difficult
Blend value · Realmo final
$3.41M
Range $3.07M – $3.75M · ±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
$55 / 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
$43,013
Tax year 2023
Assessed value
$444,115
Assessed 2023
Previous assessed
$444,115
+0.0% YoY
Effective rate
9.69%
On assessed value
Assessed land
$47,145
Assessed improvement
$396,970
Land market value
$134,700
Improvement market value
$1,134,200
Total market value
$1,268,900
Applied tax rate
12.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Heating
NONE
Stories
2
Total area
62,440 SF
Lot
3.93 ac (171,220 SF)
Zoning code
10-IL
APN
12-19114
UPID
US66-0255815
Jurisdiction
LUCAS
Zoning & alternative use
10-IL · Toledo, OHZoning 10-IL · permitted uses
10-IL · 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
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
RETAIL STORES
Est. value
$4.1M
OFFICE BUILDING
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.8M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1980
Heating
NONE
Stories
2
Lot
3.93 ac
Current owner
From public records · entity-resolved
Lucas County Board Of Commissioners
Entity
Mailing address
1 GOVERNMENT CTR STE #800, TOLEDO, OH 43604-2259
Ownership since
2023
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 8, 2023
—
Lucas County Board Of Commissioners
Lucas County Economic Development C
Limited Warranty Deed
—
Dec 22, 2022
—
Lucas County Economic Development C
Warehouse Partners Ltd
Warranty Deed
—
Sep 19, 2014
—
Warehouse Partners Ltd
—
Loan Modification
related
$2,150,000 · Fifth Third Bk
—
—
Warehouse Partners Ltd
—
Deed Of Trust
related
$246,550 · Fifth Third Bank
—
—
Warehouse Partners Ltd
—
Deed Of Trust
related
$993,504 · Fifth Third Bank
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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