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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Office buildings
2035 Reynolds Rd Toledo, OH 43614-1409
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-0157879
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
13,032 SF
Lot
0.91 ac (39,640 SF)
Zoning code
10-CR
APN
20-01844
UPID
US66-0157879
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
-
CSL Plasma Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$2.02M
Owner & transaction history
Realty Income Us Core Plus 3 LP · 1 yrs held
Realty Income Us Core Plus 3 LP
since 2025
5 recorded transactions
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+149.0%
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
$2,080,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
$2,110,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
RESTAURANT
$2,055,000
Change: +149% · Conversion: Moderate
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±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
$155 / 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
$60,953
Tax year 2023
Assessed value
$664,090
Assessed 2023
Previous assessed
$664,090
+0.0% YoY
Effective rate
9.18%
On assessed value
Assessed land
$83,125
Assessed improvement
$580,965
Land market value
$237,500
Improvement market value
$1,659,900
Total market value
$1,897,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Total area
13,032 SF
Lot
0.91 ac (39,640 SF)
Zoning code
10-CR
APN
20-01844
UPID
US66-0157879
Jurisdiction
LUCAS
Zoning & alternative use
10-CR · Toledo, OH
Zoning 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
Toledo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.1M
RESTAURANT
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
0.91 ac
Current owner
From public records · entity-resolved
Realty Income Us Core Plus 3 LP
Entity
Free & Clear · 1 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
—
Realty Income Us Core Plus 3 LP
Mdc Coastal 20 LLC
Warranty Deed
—
Dec 6, 2021
$2,628,200
Mdc Coastal 20 LLC
Rr Company Of America LLC
Limited Warranty Deed
—
Nov 7, 2017
—
Rr Co Of America LLC
—
Grant Deed
related
$1,300,000 · Whitney Bk
Oct 10, 2017
$650,000
Rr Company Of America LLC
Start R/e LLC
Warranty Deed
—
—
—
Start Real Estate LLC
—
Deed Of Trust
related
$946,260 · Abdul A & Ghazi A Yassine
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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