Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1514 Detroit Ave Toledo, OH 43614
    Property profile & analytics

    1514 Detroit Ave, Toledo, OH 43614

    View on Map
    • Grocery and convenience stores
    • 64,070 SF
    • 7.04 lot acres
    Off-Market
    Last Sale Nov 13, 2020
    $13,912,100
    Property ID
    US66-1970802
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1514 Detroit Ave

    Year built
    1998
    Lot size
    7.04 lot acres
    Zone code
    10-CR
    Property type
    Grocery and convenience stores
    APN
    18-08495
    APU
    1808495

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 13, 2020 $55,648 Agree Limited Partnership Kroger Co Grant Deed —
    Oct 4, 2019 $4,000,000 Kroger Co Dfg - Glendale & Detroit LLC Warranty Deed —
    Sep 9, 2013 — Dfg-glendale & Detroit LLC — Deed Of Trust · related $19.1M · Prudential Mortgage Capital Co
    Aug 22, 2013 — Dfg-glendale & Detroit LLC Glendale & Detroit 1 LLC Quit Claim Deed · related —
    — — Glendale & Detroit 1 LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6058
    Latitude
    41.6114
    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
    $82,594
    $209,580
    $659,330
    $868,910
    -
    $598,800
    $1,883,800
    $2,482,600

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      2214 Tedrow Rd

      RETAIL STORES (PERSONAL SERVICES)
      2214 Tedrow Rd, Toledo, OH 43614-3859
      View Details
    • Value Estimation by Request
      1,437 SF

      1965 Byrne Rd

      RETAIL STORES (PERSONAL SERVICES)
      1965 Byrne Rd, Toledo, OH 43614-3621
      View Details
    • Value Estimation by Request
      6,278 SF

      2164 Tedrow Rd

      RETAIL STORES (PERSONAL SERVICES)
      2164 Tedrow Rd, Toledo, OH 43614-3800
      View Details
    • Value Estimation
      $540,000
      5,000 SF

      3512 Glendale Ave

      FINANCIAL BUILDING
      3512 Glendale Ave, Toledo, OH 43614
      View Details
    • Value Estimation by Request
      6,300 SF

      1564 Byrne Rd

      RETAIL STORES (PERSONAL SERVICES)
      1564 Byrne Rd, Toledo, OH 43614-3432
      View Details
    • Value Estimation by Request
      2,376 SF

      4342 Detroit Ave

      RETAIL STORES (PERSONAL SERVICES)
      4342 Detroit Ave, Toledo, OH 43614-5367
      View Details

    Similar Nearby for Sale

    • $500,000

      Heatherdowns Blvd Car Wash For Sale

      Car wash with manual and touchless bays on heavily travelled road.
      4425 Heatherdowns Blvd, Toledo, OH 43614
      View Details
    • Contact for pricing

      Glendale Avenue Duplex Investment Opportunity

      Duplex near river with income potential in South Toledo.
      1820 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing

      Harvard Terrace Duplex For Sale

      Well-maintained duplex in Harvard Terrace with stable rental history.
      127 University Blvd, Toledo, OH 43614
      View Details
    • Contact for pricing
      6,811 SF

      Commercial Pad Site on Glendale

      1.6-acre commercial pad site with high visibility.
      2915 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing

      Reynolds Road Commercial Land Available

      Commercial land with high visibility and frontage on Reynolds Rd.
      2325 S Reynolds Rd, Toledo, OH 43614
      View Details
    • Contact for pricing

      Commercial Land with High Visibility

      Land with frontage and easy highway access in Toledo.
      2325 S Reynolds Rd, Toledo, OH 43614
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,869 SF

      South Toledo Retail/Industrial Space

      23,873 SF former grocery store suitable for retail/industrial use.
      5105-5115 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing
      2,945 SF

      Retail Suites Available for Lease

      Retail suites available with full basement for storage.
      2030-2040 S Byrne Rd, Toledo, OH 43614
      View Details
    • Contact for pricing
      3,500 SF

      Retail Spaces Available for Lease

      Retail spaces available immediately, tenant improvement allowance potential.
      1339-1415 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near University

      Retail space available near University of Toledo Medical Center.
      2936-3022 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing

      Retail Space on Glendale Avenue

      Retail space available on Glendale Avenue, Toledo, OH.
      3015 Glendale Ave, Toledo, OH 43614
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at 2040 S. Byrne Road, Toledo.
      2040 S Byrne Rd, Toledo, OH 43614
      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.
    1514 Detroit Ave
    Toledo, OH 43614
    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

    Thank You for Inquiry
    1514 Detroit Ave, Toledo, OH, 43614
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!