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    Property profile & analytics

    138 3rd St Waterville, OH 43566-1415

    • Manufacturing properties
    • 10,248 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Last Sale
    Mar 07, 2024
    $400,000
    Location Intelligence
    Property ID
    US66-1093392
    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

    • Manufacturing properties

    Property Details for 138 3rd St

    Year built
    1958
    Lot size
    0.24 lot acres
    Property size
    10,248 SF
    Zone code
    39-C2
    Property type
    Manufacturing properties
    APN
    96-11354
    APU
    9611354

    Description

    This exceptional 10,248-square-foot industrial warehouse, located at 138 S Third Street, Waterville, Ohio, presents a significant opportunity for businesses seeking a single-tenant space. Built in 1958, this one-story building sits on a 0.49-acre lot and is zoned C-2. The property boasts 4 loading docks, ensuring efficient loading and unloading operations. Ample parking is available with 10+ spaces. The warehouse features high ceilings ranging from 12 to 16 feet, providing ample vertical space for storage and operations. The electrical service is robust, offering 800 amps, 240 volts, and 3-phase power. The property's address is 138 S Third Street, with a cross street of Locust Street, and is located in Lucas County, Ohio, zip code 43566. The property's APN is 96-11354, 96-11347. The entire 10,248 square feet is currently vacant and ready for immediate occupancy. This property is perfect for distribution and warehouse operations, offering a strategic location and functional layout. Don't miss this chance to secure this well-located and spacious industrial property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $365,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $420,000
      Mixed-Use
      $340,000
      Hospitality
      $425,000
      Educational
      $425,000
      Residential Income
      $320,000
      Energy
      $440,000
      Income-Based Land
      $405,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7205
    Latitude
    41.4971
    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
    $3,286
    $3,185
    $41,720
    $44,905
    -
    $9,100
    $119,200
    $128,300

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    Waterville, OH 43566-1415
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    Realmo Value Estimation

    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.

    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.

    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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