Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1502 Bancroft St Toledo, OH 43606

    • Warehouses
    • 10,208 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2024193
    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

    • Warehouses

    Property Details for 1502 Bancroft St

    Year built
    1945
    Lot size
    0.38 lot acres
    Property size
    10,208 SF
    Zone code
    10-CR
    Property type
    Warehouses
    APN
    01-08477
    APU
    108477

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $300,000
      Market price range: $68.9k - $301k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $365,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5794
    Latitude
    41.6638
    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
    $3,840
    $12,075
    $23,415
    $35,490
    -
    $34,500
    $66,900
    $101,400

    Comparable in this City

    • Value Estimation
      $230,000
      0.10 Acres

      3168 Bellevue Rd

      WAREHOUSE, STORAGE • 0.10 Acres
      3168 Bellevue Rd, Toledo, OH 43606-1801
      View Details
    • Value Estimation
      $215,000
      91,440 SF

      1216 Bancroft St

      WAREHOUSE, STORAGE • 91,440 SF
      1216 Bancroft St, Toledo, OH 43606-4631
      View Details
    • Value Estimation
      $195,000
      7,410 SF

      3322 Bishop St

      WAREHOUSE, STORAGE • 7,410 SF
      3322 Bishop St, Toledo, OH 43606
      View Details
    • Value Estimation by Request
      0.04 Acres

      3218 Bellevue Rd

      WAREHOUSE, STORAGE • 0.04 Acres
      3218 Bellevue Rd, Toledo, OH 43606-2050
      View Details
    • Value Estimation
      $375,000
      15,636 SF

      1987 Hawthorne St

      WAREHOUSE, STORAGE • 15,636 SF
      1987 Hawthorne St, Toledo, OH 43606
      View Details
    • Value Estimation
      $510,000
      23,268 SF

      3320 Bishop St

      WAREHOUSE, STORAGE • 23,268 SF
      3320 Bishop St, Toledo, OH 43606
      View Details

    Similar Nearby for Sale

    • $395,000
      12,846 SF

      Toledo Warehouse Trio: Prime Location

      12,846 SF Multi-Tenant Warehouse
      3164 Bellevue Rd, Toledo, OH 43606
      View Details
    • $375,000
      3,160 SF

      Established Car Wash Business Opportunity

      Operating car wash with automatic and self-service bays for sale.
      2812 Douglas Rd, Toledo, OH 43606
      View Details
    • $195,000

      Commercial Land Near University Campus

      Half-acre commercial land with frontage near the University of Toledo.
      2641-2661 W Bancroft St, Toledo, OH 43606
      View Details
    • $1,400,000
      31,436 SF

      Multi-Use Building on Two Parcels

      Meticulously maintained multi-use building with retail, office, and warehouse spaces.
      2645-2655 W Central Ave, Toledo, OH 43606
      View Details
    • $1,895,000

      Redevelopment Land Near Ottawa Park

      2.143 acres of land eligible for CRA funds.
      2567 W Bancroft St, Toledo, OH 43606
      View Details
    • $275,000
      3,625 SF

      Well-Maintained Office Building For Sale

      Office building with multiple potential uses and additional parking.
      4354 Monroe St, Toledo, OH 43606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Toledo Commercial Land Opportunity

      93 Acres of Prime Commercial Land
      2801 Monroe St, Toledo, OH 43606
      View Details
    • Contact for pricing
      68,680 SF

      Secor Road Retail Space Available

      Toledo Shopping Center: Prime Retail Opportunity
      3420 Secor Rd, Toledo, OH 43606
      View Details
    • $19 SF/Yr
      6,344 SF

      Executive Building Office Space Available

      Office spaces for lease in Toledo's Westgate area.
      3103 Executive Pkwy, Toledo, OH 43606
      View Details
    • $10,416 /Mo

      West Toledo Development Opportunity

      1.26-acre development site in high-traffic Westgate trade area.
      Executive Pkwy, Toledo, OH 43606
      View Details
    • $10 SF/Yr
      57,500 SF

      West Toledo Office Space for Lease

      Versatile Suites, Modern Amenities
      3454 Oak Alley Ct, Toledo, OH 43606
      View Details
    • $17 SF/Yr
      21,212 SF

      Retail Space in West Toledo

      5,000 SF retail space in busy shopping center.
      3324 Secor Rd, Toledo, OH 43606
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1502 Bancroft St
    Toledo, OH 43606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.