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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Medical Office Space
2249 Reynolds Rd Toledo, OH 43615-2835
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-5813459
Property summary
AI-generated overview
This exceptional 0.635-acre commercial land parcel, located at 2249 N Reynolds Rd, Toledo, Ohio 43615, presents a unique investment opportunity. Priced at $99,500, this property is ideal for new office construction. The lot offers convenient easement access. Shared access is provided via a curb cut on Reynolds Road with an adjacent lot, facilitating easy ingress and egress. Furthermore, an easement through this lot provides access to Rondeau, enhancing its connectivity and potential for development. The property's location in Lucas County, Ohio, offers proximity to established businesses, including Clayton and US Renal Care, which are accessible via an easement through Innovative Reynolds Road Associates. This strategic location and convenient access make this property an attractive option for developers seeking a well-situated site for a new office building. The property's size and accessibility make it a highly desirable location for a variety of commercial ventures. Detailed property information is available upon request. This is a rare opportunity to acquire a prime commercial lot in a thriving area of Toledo.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
6,480 SF
Lot
0.63 ac (27,380 SF)
Zoning code
10-CO
APN
02-71724
UPID
US66-5813459
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
-
U.S. Renal Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
2249 Reynolds LLC · 4 yrs held
2249 Reynolds LLC
since 2022
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
10-CO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+113.0%
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
$1,535,000
ML approach
$1,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,020,000
Change: +113% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $1.78M (Apr 14 2022)
Last sale anchor
$1.78M
Apr 14 2022
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
$257 / 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
$29,752
Tax year 2023
Assessed value
$318,255
Assessed 2023
Previous assessed
$318,255
+0.0% YoY
Effective rate
9.35%
On assessed value
Assessed land
$32,410
Assessed improvement
$285,845
Land market value
$92,600
Improvement market value
$816,700
Total market value
$909,300
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Heating
NONE
Stories
1
Total area
6,480 SF
Lot
0.63 ac (27,380 SF)
Zoning code
10-CO
APN
02-71724
UPID
US66-5813459
Jurisdiction
LUCAS
Zoning & alternative use
10-CO · Toledo, OHZoning 10-CO · permitted uses
10-CO · 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
RESTAURANT
Est. value
$1.0M
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
2000
Heating
NONE
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
2249 Reynolds LLC
Entity
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
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
Apr 14, 2022
$1,775,000
2249 Reynolds LLC
Sunrise Fremont Real Estate LLC
Limited Warranty Deed
$1,225,000 · Stancorp Mortgage Investors LLC
Aug 28, 2014
$1,075,000
Sun Rise Fremont Real Estate LLC
Bck Real Estates Holdings LLC
Warranty Deed
$1,300,000 · The Farmers & Merchants State Bank
Oct 29, 2008
$1,200,000
Bck Real Estate Holdings LLC
Innovative Associates LLC
Warranty Deed
$1,100,000 · The Farmers & Merchants State Bank
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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