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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Strip malls
240 Alexis Rd Toledo, OH 43612-5111
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1086647
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Total area
9,300 SF
Lot
0.92 ac (40,075 SF)
Zoning code
10-CR
APN
22-01561
UPID
US66-1086647
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
-
Midwest Dental Center Dental Office
-
Smoke Depot (Bike/Boat/Book/etc) Store
-
J-Cups Pizza Restaurant
-
Express Employment Professionals Employment Agency
-
Midwest Dental Center: Gant Pam DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$919k
Blend (final)
Blend
$800k
Owner & transaction history
240 Alexis LLC · 2 yrs held
240 Alexis LLC
since 2024
Last sale
$800,000
1 recorded transaction
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$690,000
+5.0%
Auto repair, garage
$675,000
+3.2%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,010,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Current use
MEDICAL BUILDING
$690,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: -10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$565,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jan 3 2024)
Last sale anchor
$800k
Jan 3 2024
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
$86 / 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
$19,615
Tax year 2023
Assessed value
$198,310
Assessed 2023
Previous assessed
$198,310
+0.0% YoY
Effective rate
9.89%
On assessed value
Assessed land
$27,125
Assessed improvement
$171,185
Land market value
$77,500
Improvement market value
$489,100
Total market value
$566,600
Applied tax rate
22.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
9,300 SF
Lot
0.92 ac (40,075 SF)
Zoning code
10-CR
APN
22-01561
UPID
US66-1086647
Jurisdiction
LUCAS
Zoning & alternative use
10-CR · Toledo, OHZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$655,000
MEDICAL BUILDING
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$675,000
OFFICE BUILDING
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1999
Heating
NONE
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
240 Alexis LLC
Entity
Mailing address
445 EARLWOOD AVE #218, OREGON, OH 43616-2744
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$800,000
240 Alexis LLC
S A S Holdings Ltd
Warranty Deed
$640,000 · Signature Bank NA
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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