Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Manufacturing properties
1635 Coining Dr Toledo, OH 43612-2906
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2470292
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Total area
52,976 SF
Lot
1.35 ac (58,911 SF)
Zoning code
10-IG
APN
22-23007
UPID
US66-2470292
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
Current use
Occupant on record · Public records
-
WestRock Industrial Manufacturer Factory
-
Sun Chemical Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$2.07M
Owner & transaction history
Re Two Toledo LLC · 3 yrs held
Re Two Toledo LLC
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
10-IG · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+115.0%
Commercial (general)
$3.2M
+106.7%
Retail stores
$2.8M
+80.7%
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
$1,920,000
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,560,000
Current use
OFFICE BUILDING
$3,360,000
Change: +115% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,230,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$2,825,000
Change: +81% · Conversion: Moderate
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $2.22M (Dec 29 2022)
Last sale anchor
$2.22M
Dec 29 2022
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
$39 / 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
$59,919
Tax year 2023
Assessed value
$626,850
Assessed 2023
Previous assessed
$626,850
+0.0% YoY
Effective rate
9.56%
On assessed value
Assessed land
$29,085
Assessed improvement
$597,765
Land market value
$83,100
Improvement market value
$1,707,900
Total market value
$1,791,000
Applied tax rate
22.0000
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
1967
Heating
NONE
Stories
2
Total area
52,976 SF
Lot
1.35 ac (58,911 SF)
Zoning code
10-IG
APN
22-23007
UPID
US66-2470292
Jurisdiction
LUCAS
Zoning & alternative use
10-IG · Toledo, OHZoning 10-IG · permitted uses
10-IG · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1967
Heating
NONE
Stories
2
Lot
1.35 ac
Current owner
From public records · entity-resolved
Re Two Toledo LLC
Entity
Mailing address
6885 SPEEDWAY BLVDY102, LAS VEGAS, NV 89115-1733
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$2,220,000
Re Two Toledo LLC
Westrock Commercial LLC
Limited Warranty Deed
$20,000,000 · Re Two Toeldo LLC
Jan 25, 2016
—
Cenveo Commercial Ohio LLC
Cenveo Corp
Quit Claim Deed
—
Dec 23, 2014
—
Cenveo Corp
—
Grant Deed
related
$540,000,000 · Bank Of Ny Mellon
Apr 14, 2011
—
Cenveo Corp
—
Deed Of Trust
related
$1,260,000,000 · Bank Of America
Aug 2, 2005
—
Cenveo Corp
Cenveo Corp
Quit Claim Deed
related
—
—
—
Cenveo Corp
—
Loan Modification
related
$720,000 · Bank Of America
—
—
Cenveo Corp
—
Loan Modification
related
$30,000 · Bank Of America
—
—
Cenveo Corp
—
Deed Of Trust
related
$510,000 · Bank Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1635 Coining Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
