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    135 Airport Hwy Swanton, OH 43558-1408
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    Property profile & analytics

    135 Airport Hwy, Swanton, OH 43558-1408

    View on Map
    • Community centers
    • 19,200 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US66-2565580
    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.
    Value Estimations
    $1,285,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 135 Airport Hwy

    Year built
    1973
    Lot size
    0.33 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    28-053644-00.000
    APU
    2805364400000

    Description

    This exceptional retail opportunity in Swanton, Ohio, presents 10,800 square feet of available space within a larger 22,696 square foot building situated on a 1.66-acre lot. The space, previously occupied by a Family Dollar, offers a versatile layout including 8,460 square feet of showroom space and 2,340 square feet of storage. Built in 1973, the property boasts excellent street visibility enhanced by a large pylon sign. The ample parking accommodates 64 vehicles. The property is zoned commercial and features electrical service ranging from 100 amps to 225 amps, ensuring sufficient power for a variety of retail uses. The property's location at 135 E. Airport Highway, Swanton, OH 43558 (APN 28-053644-00.000, Fulton County) benefits from its proximity to other established businesses, including McDonald's, Wendy's, Kroger, Dollar Tree, Speedway, and Taco Bell, creating a strong retail environment. This multi-tenant building offers a significant opportunity for a business seeking high visibility and convenient access in a thriving commercial area. The property's size and location make it ideal for a variety of retail concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,980,000
      RESTAURANT
      $1,720,000
      MEDICAL BUILDING
      $1,685,000
      COMMERCIAL (GENERAL)
      $1,650,000
      RETAIL STORES
      $1,605,000
      AUTO REPAIR, GARAGE
      $1,310,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Swanton
    County
    Fulton
    State
    Ohio
    Longitude
    -83.8841
    Latitude
    41.5815
    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
    $8,803
    $11,380
    $146,620
    $158,000
    -
    $32,500
    $418,900
    $451,400

    Comparable in this City

    • Value Estimation
      $1,105,000
      15,710 SF

      149 Airport Hwy

      MINI-MALL
      149 Airport Hwy, Swanton, OH 43558-1408
      View Details
    • Value Estimation
      $530,000
      7,050 SF

      147 Airport Hwy

      MINI-MALL
      147 Airport Hwy, Swanton, OH 43558-1408
      View Details
    • Value Estimation by Request
      7,200 SF

      128 Main St

      SHOPPING CENTER, STRIP CENTER
      128 Main St, Swanton, OH 43558-1056
      View Details
    • Value Estimation by Request
      2,052 SF

      111 Main St

      SHOPPING CENTER, STRIP CENTER
      111 Main St, Swanton, OH 43558-1344
      View Details
    • Value Estimation
      $1,335,000
      13,880 SF

      14249 Airport Hwy

      SHOPPING CENTER, STRIP CENTER
      14249 Airport Hwy, Swanton, OH 43558-1501
      View Details
    • Value Estimation by Request
      0.62 Acres

      14249 Airport Hwy

      SHOPPING CENTER, STRIP CENTER
      14249 Airport Hwy, Swanton, OH 43558-1501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,014 SF

      385 W Airport Hwy, Swanton, OH 43558

      Grocery and convenience stores
      385 W Airport Hwy, Swanton, OH 43558
      View Details
    • Contact for pricing
      6,344 SF

      Retail Space Available For Sale

      6,344 SqFt retail space available for purchase.
      13625 Airport Hwy, Swanton, OH 43558
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    • Contact for pricing

      Established Restaurant with Redevelopment Potential

      Long-standing restaurant with liquor license and redevelopment opportunity.
      3045 Wilkins Rd, Swanton, OH 43558
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    • Contact for pricing

      Land Lots Available for Purchase

      Five lots available, purchase together or individually.
      4 Turtle Creek Cir, Swanton, OH 43558
      View Details
    • Contact for pricing

      20.36 Acres of Land

      20.36 acres of land available for sale.
      2901 N Berkey Southern Rd, Swanton, OH 43558
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    • $204,000

      Swanton Development Site For Sale

      3.176 acre development site in Swanton, Ohio.
      203 W Airport Hwy, Swanton, OH 43558
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    Similar Nearby for Lease

    • Contact for pricing

      Development Ready Land For Lease

      Flat land with utilities available for development.
      203 W Airport Hwy, Swanton, OH 43558
      View Details
    • Contact for pricing
      208,000 SF

      Swanton Flex Space Near Airport

      Flex space available in Swanton, Ohio, near the airport.
      10580-10650 Airport Hwy, Swanton, OH 43558
      View Details
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    Swanton, OH 43558-1408
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    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
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