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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2121 Reynolds Rd Toledo, OH 43614-1461

    • Strip malls
    • 12,182 SF
    • 1.95 lot acres
    OFF-MARKET
    Value Estimations
    $470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5370092
    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.

    Current Use by Public Records

    • The Line Up / Barber Shop
    • FadeQueen419 / Barber Shop
    • BFADED / Barber Shop
    • Routines / Event Venue
    • Routines Toledo Dance Fitness / Dance Club / Service Establishment

    Property Details for 2121 Reynolds Rd

    Year built
    2006
    Lot size
    1.95 lot acres
    Property size
    12,182 SF
    Zone code
    10-CR
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    20-01873
    APU
    2001873

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $563,000
      Market price range: $188k - $747k

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6642
    Latitude
    41.6015
    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
    $19,772
    $93,870
    $108,745
    $202,615
    -
    $268,200
    $310,700
    $578,900

    Comparable in this City

    • Value Estimation
      $645,000
      35,920 SF

      2030 Byrne Rd

      SHOPPING CENTER, STRIP CENTER • 35,920 SF
      2030 Byrne Rd, Toledo, OH 43614
      View Details
    • Value Estimation
      $350,000
      16,522 SF

      3328 Glanzman Rd

      SHOPPING CENTER, STRIP CENTER • 16,522 SF
      3328 Glanzman Rd, Toledo, OH 43614-3856
      View Details
    • Value Estimation
      $290,000
      5,797 SF

      2814 Glendale Ave

      SHOPPING CENTER, STRIP CENTER • 5,797 SF
      2814 Glendale Ave, Toledo, OH 43614-2505
      View Details
    • Value Estimation
      $360,000
      12,824 SF

      3043 Glendale Ave

      SHOPPING CENTER, STRIP CENTER • 12,824 SF
      3043 Glendale Ave, Toledo, OH 43614-2685
      View Details
    • Value Estimation
      $595,000
      14,410 SF

      1843 Eastgate Rd

      SHOPPING CENTER, STRIP CENTER • 14,410 SF
      1843 Eastgate Rd, Toledo, OH 43614
      View Details
    • Value Estimation
      $750,000
      24,950 SF

      2420 Key St

      SHOPPING CENTER, STRIP CENTER • 24,950 SF
      2420 Key St, Toledo, OH 43614
      View Details

    Similar Nearby for Sale

    • $3,650,000
      15 SF

      New Construction Sheetz Fuel Store

      New construction Sheetz with 15-year absolute NNN ground lease.
      1950 S Reynolds Rd, Toledo, OH 43614
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    • $500,000
      2,745 SF

      Toledo Car Wash - $500K

      Profitable Car Wash, High Traffic Area
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    • $99,000
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      Turnkey Restaurant Business For Sale

      Turnkey restaurant in South Toledo, includes business, FF&E, lease.
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    • $2,950,000
      14,564 SF

      Toledo Retail Property: Prime Location

      Former Rite Aid: Redevelopment Opportunity
      2450 Reynolds Rd, Toledo, OH 43614
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    • $179,900

      Glendale Avenue Duplex Investment Opportunity

      Duplex near river with income potential in South Toledo.
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    • Contact for pricing
      6,811 SF

      Commercial Pad Site on Glendale

      1.6-acre commercial pad site with high visibility.
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    Similar Nearby for Lease

    • $12 SF/Yr
      2,480 SF

      Retail Space in Toledo Commons

      Retail space available in densely populated Toledo location.
      3043-3047 Glendale Ave, Toledo, OH 43614
      View Details
    • $13 SF/Yr
      60,042 SF

      Retail Space in Colonial Village

      Retail space for lease in South Toledo neighborhood center.
      4400 Heatherdowns Blvd, Toledo, OH 43614
      View Details
    • $15 SF/Yr
      2,000 SF

      Retail Space Near Walmart Supercenter

      Retail space available in a busy shopping center.
      3015 Glendale Ave, Toledo, OH 43614
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    • $16 SF/Yr
      10,050 SF

      Shoppes at Glendale Retail Space

      Toledo Retail Center: High Traffic Location
      3002 Glendale Ave, Toledo, OH 43614
      View Details
    • $12 SF/Yr
      5,010 SF

      Retail Suites Available for Lease

      Retail suites available with full basement for storage.
      2030-2040 S Byrne Rd, Toledo, OH 43614
      View Details
    • Contact for pricing
      276,533 SF

      Southland Shopping Center: Toledo, OH

      High-traffic retail space available. Toledo, Ohio prime location.
      1339 Byrne Rd, Toledo, OH 43614
      View Details
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    2121 Reynolds Rd
    Toledo, OH 43614-1461
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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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