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Property profile & analytics
OFF-MARKET
Estimated value
$5,795,000
Outlet malls
1739 Alexis Rd Toledo, OH 43613-2301
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-0152755
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1975
Total area
126,625 SF
Lot
12.32 ac (536,659 SF)
Zoning code
10-CRSO
APN
22-29631
UPID
US66-0152755
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
-
U-Haul Moving & Storage of North Toledo Car Rental Facility
-
Self-Storage at U-Haul Storage Facility
-
Trailer Hitches at U-Haul Auto Parts Store
-
Collegeboxes at U-Haul Moving & Storage Of North Toledo Moving Company Storage Facility
-
U-Box at U-Haul Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.03M
Blend (final)
Blend
$5.80M
Owner & transaction history
Arec 42 LLC · 6 yrs held
Arec 42 LLC
since 2020
4 recorded transactions
Zoning & alternative use
10-CRSO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.4M
+30.2%
Auto repair, garage
$9.1M
+26.9%
Neighborhood: shopping center
$8.9M
+24.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,200,000
Current use
MEDICAL BUILDING
$9,380,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,135,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,930,000
Change: +24% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$8,870,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$8,025,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,715,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$5.80M
Range $5.22M – $6.37M · ±10%
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
$46 / 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
$72,174
Tax year 2023
Assessed value
$737,765
Assessed 2023
Previous assessed
$737,765
+0.0% YoY
Effective rate
9.78%
On assessed value
Assessed land
$312,795
Assessed improvement
$424,970
Land market value
$893,700
Improvement market value
$1,214,200
Total market value
$2,107,900
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Total area
126,625 SF
Lot
12.32 ac (536,659 SF)
Zoning code
10-CRSO
APN
22-29631
UPID
US66-0152755
Jurisdiction
LUCAS
Zoning & alternative use
10-CRSO · Toledo, OH
Zoning 10-CRSO · permitted uses
10-CRSO · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
OFFICE BUILDING
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$7.7M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1975
Heating
NONE
Stories
1
Lot
12.32 ac
Current owner
From public records · entity-resolved
Arec 42 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
Arec 42 LLC
—
Deed
related
$120,000,000 · New York Life Insurance Company
Apr 9, 2020
—
Arec 42 LLC
Amerco Real Estate Co
Warranty Deed
—
Feb 26, 2019
—
Amerco Real Estate Co
Toledo Corp
Warranty Deed
—
Sep 6, 2005
$800,000
Toledo Corp
Bachmayer Lydia K
Warranty Deed
—
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.
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