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Property profile & analytics
OFF-MARKET
Estimated value
$5,985,000
Parking lots & garages
215 Smt St Toledo, OH 43604-2642
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-2266178
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1969
Total area
138,005 SF
Lot
0.93 ac (40,584 SF)
Zoning code
10-CD
APN
12-14764
UPID
US66-2266178
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
-
Directions Credit Union Credit Union
-
The Standard CrossFit Gym & Fitness Center
-
Balance Pan-Asian Grille Restaurant
-
Balance Farms Food Processing Plant
-
THE NUTRITION SPOT DOWNTOWN Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.99M
Owner & transaction history
Geyde Tower LLC · 3 yrs held
Geyde Tower LLC
since 2022
3 recorded transactions
Zoning & alternative use
10-CD · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.4M
+48.5%
Medical building
$8.5M
+33.2%
Commercial (general)
$7.7M
+20.9%
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
PARKING LOT
$6,360,000
Current use
RESTAURANT
$9,440,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$8,475,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,690,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,105,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$6,670,000
Change: +5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,260,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.99M
Range $5.39M – $6.58M · ±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
$43 / 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
$77,317
Tax year 2023
Assessed value
$717,255
Assessed 2023
Previous assessed
$717,255
+0.0% YoY
Effective rate
10.78%
On assessed value
Assessed land
$605,465
Assessed improvement
$111,790
Land market value
$1,729,900
Improvement market value
$319,400
Total market value
$2,049,300
Applied tax rate
12.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1969
Heating
NONE
Stories
4
Total area
138,005 SF
Lot
0.93 ac (40,584 SF)
Zoning code
10-CD
APN
12-14764
UPID
US66-2266178
Jurisdiction
LUCAS
Zoning & alternative use
10-CD · Toledo, OHZoning 10-CD · permitted uses
10-CD · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$6.4M
RESTAURANT
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
PARKING LOT Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Heating
NONE
Stories
4
Lot
0.93 ac
Current owner
From public records · entity-resolved
Geyde Tower LLC
Entity
Free & Clear · 3 yrs held
Mailing address
215 N SMT STH, TOLEDO, OH 43604-2642
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
—
Geyde Tower LLC
George F Eyde Family LLC
Limited Warranty Deed
—
Oct 28, 2015
$2,280,000
George F Eyde Family LLC
Louis J Eyde Family LLC
Warranty Deed
related
—
Dec 6, 2011
—
George F Eyde Ltd Family Ptshp
George F Eyde Ltd Family Pts
Quit Claim Deed
—
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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