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    2020 Tiffin Ave Findlay, OH 45840-8514

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    2020 Tiffin Ave Findlay, OH 45840-8514

    View on Map
    • Strip malls
    • 7,000 SF
    • 1.66 lot acres
    Off-Market
    Last Sale Jun 9, 2022
    $950,000
    Property ID
    US66-3156464
    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
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Toasted Yolk Cafe / Restaurant
    • Sage Intentions / Metaphysical Supply Store

    Property Details for 2020 Tiffin Ave

    Year built
    1978
    Construction
    MIXED
    Lot size
    1.66 lot acres
    Property size
    7,000 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    610000339161
    APU
    610000339161

    Description

    This 18,000 square foot single-tenant retail space, situated on 1.67 acres in Findlay's premier retail corridor, presents a compelling opportunity. Built in 1978, the one-story building boasts 3,750 square feet of immediately available space, complemented by 85 parking spaces. The property is zoned C-2 General Commercial District (APN: 610000339161, Hancock County) and enjoys high visibility, ensuring strong foot traffic and brand recognition. The well-maintained structure offers a modern and functional layout, adaptable to various business needs. Its prime location provides convenient access to major highways and a wealth of amenities, enhancing its appeal to both businesses and customers. The existing tenant mix creates a synergistic environment, further boosting the property's value. Competitive lease rates make this an attractive investment, offering a blend of affordability and prime location. The ample parking ensures convenient access for both staff and customers. This property is an excellent choice for businesses seeking a high-traffic, well-maintained space in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,260,000
      ML approach
      $930,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,000,000
      APARTMENT HOUSE (5+ UNITS)
      $890,000
      COMMERCIAL (GENERAL)
      $825,000
      RESTAURANT
      $795,000
      MEDICAL BUILDING
      $720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Findlay
    County
    Hancock
    State
    Ohio
    Longitude
    -83.6047
    Latitude
    41.0548
    CBSA code
    22300
    CBSA name
    FINDLAY, OH MICROPOLITAN 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
    $12,324
    $92,060
    $127,460
    $219,520
    -
    $263,020
    $364,180
    $627,200

    Comparable in this City

    • Value Estimation by Request
      22,230 SF

      1123 Trenton Ave

      SHOPPING CENTER, STRIP CENTER • 22,230 SF
      1123 Trenton Ave, Findlay, OH 45840-1919
      View Details
    • Value Estimation by Request
      18,000 SF

      1107 Tiffin Ave

      SHOPPING CENTER, STRIP CENTER • 18,000 SF
      1107 Tiffin Ave, Findlay, OH 45840-6231
      View Details
    • Value Estimation by Request
      21,995 SF

      15033 Flag City Dr

      SHOPPING CENTER, STRIP CENTER • 21,995 SF
      15033 Flag City Dr, Findlay, OH 45840-8896
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    • Value Estimation by Request
      9,180 SF

      2721 Main St

      SHOPPING CENTER, STRIP CENTER • 9,180 SF
      2721 Main St, Findlay, OH 45840-4042
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      2,562 SF

      2401 Main St

      SHOPPING CENTER, STRIP CENTER • 2,562 SF
      2401 Main St, Findlay, OH 45840-3909
      View Details
    • Value Estimation by Request
      11,120 SF

      2441 Main St

      SHOPPING CENTER, STRIP CENTER • 11,120 SF
      2441 Main St, Findlay, OH 45840-1161
      View Details

    Similar Nearby for Sale

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      High-visibility retail center in Findlay, Ohio, with redevelopment potential.
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      Remodeled Commercial Building on Tiffin

      High-traffic location, remodeled building, parking, ready for business.
      1019 Tiffin Ave, Findlay, OH 45840
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      4,689 SF

      Retail Space Available For Lease

      Retail space for lease with highway signage available.
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      Retail Property with Included Inventory

      Retail property for sale with existing business and included inventory.
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    Similar Nearby for Lease

    • $15 SF/Yr
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      Retail Space Near Findlay Mall

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      Proposed Retail Center in Findlay

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      Retail Space in Findlay, OH

      Prime leasing opportunity in a thriving commercial district.
      1950 Tiffin Ave, Findlay, OH 45840
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      Retail Space Near Findlay Mall

      Well-maintained retail suite in high-traffic commercial area.
      15033 Flag City Dr, Findlay, OH 45840
      View Details
    • Contact for pricing

      Retail Strip Center Near Menards

      Well-maintained retail spaces in Findlay, shadow-anchored by Menards.
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      Findlay Retail Space For Rent

      Retail space in a dynamic Findlay location near downtown.
      1500 N Main St, Findlay, OH 45840
      View Details
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    Findlay, OH 45840-8514
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    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
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