Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    210 Reynolds Rd Toledo, OH 43615-5989
    Property profile & analytics

    210 Reynolds Rd, Toledo, OH 43615-5989

    View on Map
    • Office buildings
    • 5,000 SF
    • 0.50 lot acres
    Off-Market
    Last Sale Jan 17, 2023
    $150,000
    Property ID
    US66-5493934
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Reflexology & Eft / Alternative Medicine Practice / Spa & Massage Center
    • H R Systems / Employment Agency / Business Service Center
    • Helping Hands Home Care Services / Home Health Care Service / Association / Organization

    Property Details for 210 Reynolds Rd

    Year built
    1977
    Lot size
    0.50 lot acres
    Zone code
    10-CO
    Property type
    Office buildings
    APN
    20-98841
    APU
    2098841

    Description

    This exceptional investment opportunity presents a multi-unit property located at 210 S Reynolds Road Unit 210, Toledo, OH. The property sits on a half-acre lot and is currently owner-occupied, with a strong existing rental income stream. One unit is leased for $1,000 per month, while another generates $300 monthly rent. Two additional office spaces are currently vacant, presenting a significant opportunity to increase rental income and maximize the property's return on investment. The current owner is responsible for all utility costs. This property offers a unique blend of immediate income generation and future growth potential. The existing tenants provide a stable foundation, while the vacant units allow for immediate value-add potential through lease-up. The half-acre lot provides ample space and potential for future expansion or development. This is an ideal investment for those seeking a hands-on approach or those looking to delegate management to a property management company. The strong rental market in Toledo, coupled with the property's current occupancy and potential for increased revenue, makes this a compelling investment opportunity. Serious inquiries are encouraged to explore this promising venture further. The asking price is $229,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6649
    Latitude
    41.6357
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN 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
    $6,499
    $4,095
    $61,180
    $65,275
    -
    $11,700
    $174,800
    $186,500

    Comparable in this City

    • Value Estimation
      $550,000
      6,600 SF

      5237 Renwyck Dr

      OFFICE BUILDING
      5237 Renwyck Dr, Toledo, OH 43615-5996
      View Details
    • Value Estimation by Request
      6,363 SF

      5727 Airport Hwy

      OFFICE BUILDING
      5727 Airport Hwy, Toledo, OH 43615-0711
      View Details
    • Value Estimation by Request
      2.63 Acres

      5212 Hl Ave

      OFFICE BUILDING
      5212 Hl Ave, Toledo, OH 43615-5803
      View Details
    • Value Estimation by Request
      11,600 SF

      5250 Renwyck Dr

      OFFICE BUILDING
      5250 Renwyck Dr, Toledo, OH 43615-5973
      View Details
    • Value Estimation by Request
      5,460 SF

      1421 Reynolds Rd

      OFFICE BUILDING
      1421 Reynolds Rd, Toledo, OH 43615-7413
      View Details
    • Value Estimation by Request
      2,808 SF

      4806 Dorr St

      OFFICE BUILDING
      4806 Dorr St, Toledo, OH 43615-4026
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,378 SF

      Office Building and Land For Sale

      Office building and vacant land near Reynolds and Airport Highway.
      1421 S Reynolds Rd, Toledo, OH 43615
      View Details
    • Contact for pricing
      16,691 SF

      Retail Space Available For Sale

      16,691 SqFt retail space available for purchase.
      5455 Airport Hwy, Toledo, OH 43615
      View Details
    • Contact for pricing
      18,765 SF

      1401 Bernath Parkway, Toledo, OH 43615

      Commercial land
      1401 Bernath Pkwy, Toledo, OH 43615
      View Details
    • Contact for pricing
      8,308 SF

      Freestanding Restaurant Building on 2.45AC

      8,308 SF restaurant on 2.45 AC near I-475.
      1334 Bernath Ct, Toledo, OH 43615
      View Details
    • Contact for pricing
      35,850 SF

      Toledo Retail Center For Sale

      Service-oriented retail center with long-term tenants and upside potential.
      503-529 S Reynolds Rd, Toledo, OH 43615
      View Details
    • Contact for pricing

      Well-Maintained Mobile Home in Toledo

      Cozy mobile home in a 55+ community with modern updates.
      715 S Holland Sylvania Rd, Toledo, OH 43615
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Building with Suites

      Well-maintained office building with suites available for rent.
      1811 N Reynolds Rd, Toledo, OH 43615
      View Details
    • $980 /Mo

      Ottawa Hills Office Space Available

      Second floor office space for lease in Ottawa Hills.
      4334 Central Ave, Toledo, OH 43615
      View Details
    • Contact for pricing
      1,254 SF

      Toledo Office Space for Lease

      Office space for lease in a convenient Toledo location.
      6545 W Central Ave, Toledo, OH 43615
      View Details
    • Contact for pricing

      Industrial Logistics Semi-Truck Terminal

      Centrally located truck terminal with warehouse, office, and garage space.
      4431 South Ave, Toledo, OH 43615
      View Details
    • $13 SF/Yr

      Visible Office Space For Rent

      Highly visible office space with direct access to major roadways.
      5550 W Central Ave, Toledo, OH 43615
      View Details
    • Contact for pricing
      2,184 SF

      Office Space on Airport Highway

      Prime office space for lease in Toledo, Ohio.
      5577 Airport Hwy, Toledo, OH 43615
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    210 Reynolds Rd
    Toledo, OH 43615-5989
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    210 Reynolds Rd, Toledo, OH, 43615
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!