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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Apartment buildings
2134 Tedrow Rd Toledo, OH 43614
Entity Owned
Property ID
US66-2525462
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Total area
8,526 SF
Lot
0.45 ac (19,506 SF)
Zoning code
10-CR
APN
09-57061
UPID
US66-2525462
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$332k
Blend (final)
Blend
$550k
Owner & transaction history
Bellmore Investment Firm LLC
Bellmore Investment Firm LLC
since 2025
Last sale
$690,000
5 recorded transactions
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$630,000
+43.2%
Auto repair, garage
$615,000
+39.5%
Neighborhood: shopping center
$600,000
+36.4%
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
APARTMENT HOUSE (5+ UNITS)
$440,000
Current use
MEDICAL BUILDING
$630,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$615,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$555,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$540,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$520,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $690k (Dec 4 2025)
Last sale anchor
$690k
Dec 4 2025
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
$65 / 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
$4,632
Tax year 2023
Assessed value
$46,200
Assessed 2023
Previous assessed
$46,200
+0.0% YoY
Effective rate
10.03%
On assessed value
Assessed land
$11,060
Assessed improvement
$35,140
Land market value
$31,600
Improvement market value
$100,400
Total market value
$132,000
Applied tax rate
9.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Heating
NONE
Stories
3
Units
12
Total area
8,526 SF
Lot
0.45 ac (19,506 SF)
Zoning code
10-CR
APN
09-57061
UPID
US66-2525462
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$440,000
MEDICAL BUILDING
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
RETAIL STORES
Est. value
$555,000
OFFICE BUILDING
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$520,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Heating
NONE
Stories
3
Units
12
Lot
0.45 ac
Current owner
From public records · entity-resolved
Bellmore Investment Firm LLC
Entity
Mailing address
PO BOX 60432, ROSSFORD, OH 43460-0432
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
Dec 4, 2025
$690,000
Bellmore Investment Firm LLC
Maplehurst LLC
Warranty Deed
$517,500 · The State Bank & Trust Co
Jul 13, 2016
—
Maplehurst LLC
—
Deed
related
$120,460 · First Federal Bank Of The Midwest
Jul 31, 2015
$126,000
Maplehurst LLC
First Fedl Bk Of The Midwest
Warranty Deed
—
Jun 17, 2015
—
First Fedl Bk Of The Midwest
Tedrow Apartments LLC
Quit Claim Deed
related
—
Jun 13, 2006
$265,000
Tedrow Apartments LLC
Smenner Ltd
Warranty Deed
$265,000 · First Federal Bank Of The Midwest
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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