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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Strip malls
1855 Reynolds Rd Toledo, OH 43614-1436
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US66-1056763
Property summary
AI-generated overview
This exceptional single-tenant retail property, located at 1855 S Reynolds Rd in Toledo, Ohio, offers 35,676 total square feet on a 3.03-acre lot. Currently, 4,077 square feet is available for lease. Built in 1984 and renovated in 2016, the property boasts a single story design with ample parking for 150 vehicles. The building features 120/208 power, making it suitable for a variety of retail businesses. Its convenient location near Glendale, within Lucas County, benefits from high visibility and accessibility. The property is zoned for commercial regional use, ensuring flexibility for potential tenants. This prime retail space presents a unique opportunity for businesses seeking a well-maintained, spacious location in a thriving area of Toledo. The property's significant size and ample parking make it ideal for businesses requiring substantial space and convenient customer access. The recent renovation ensures modern amenities and a well-maintained building. Interested parties should inquire about lease terms and availability. The property's location near Glendale and its commercial regional zoning provide excellent potential for growth and success.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
35,676 SF
Lot
1.02 ac (44,416 SF)
Zoning code
10-CR
APN
20-90807
UPID
US66-1056763
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
-
Top Relax Massage Alternative Medicine Practice Spa & Massage Center
-
Jessica J. Hernandez: Allstate Insurance Insurance Agency
-
Sunrise Skillet Restaurant
-
The Loft Boutique Salon Hair Salon
-
The Window Doctor Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.39M
Owner & transaction history
Diamond Plaza LLC · 20 yrs held
Diamond Plaza LLC
since 2006
2 recorded transactions
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+5.0%
Auto repair, garage
$2.6M
+2.3%
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
NEIGHBORHOOD: SHOPPING CENTER
$2,515,000
Current use
MEDICAL BUILDING
$2,645,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,575,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$2,315,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$2,260,000
Change: -10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,175,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±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
$67 / 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
$56,351
Tax year 2023
Assessed value
$612,990
Assessed 2023
Previous assessed
$612,990
+0.0% YoY
Effective rate
9.19%
On assessed value
Assessed land
$48,825
Assessed improvement
$564,165
Land market value
$139,500
Improvement market value
$1,611,900
Total market value
$1,751,400
Applied tax rate
20.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Total area
35,676 SF
Lot
1.02 ac (44,416 SF)
Zoning code
10-CR
APN
20-90807
UPID
US66-1056763
Jurisdiction
LUCAS
Zoning & alternative use
10-CR · Toledo, OHZoning 10-CR · permitted uses
10-CR · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1984
Heating
NONE
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Diamond Plaza LLC
Entity
Mailing address
3455 BRIARFIELD BLVD STE B, MAUMEE, OH 43537-8933
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2011
—
Briarfield Village LLC
—
Deed Of Trust
related
$1,000,000 · Fifth Third Bank
Apr 18, 2006
$2,875,000
Diamond Plaza LLC
Pms Investments LLC
Warranty Deed
$2,525,000 · Fifth Third Bank
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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