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

    2425 Key St Toledo, OH 43614-3271

    • Retail space
    • 4,026 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1296975
    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

    • Shivers Ice Cream / Ice Cream Shop
    • Key Korner Food Mart / Convenience Store
    • Busy Bea Photography / Photographer
    • In & Out Mart / Convenience Store
    • Cash2Bitcoin Bitcoin ATM / Atm

    Property Details for 2425 Key St

    Year built
    1970
    Lot size
    0.35 lot acres
    Property size
    4,026 SF
    Zone code
    10-CN
    Property type
    Retail space
    APN
    20-02569
    APU
    2002569

    Description

    This exceptional turnkey business opportunity presents a fully renovated former In & Out Mart convenient store located at 2425 Key Street, Toledo, OH. Situated on a 0.44-acre lot, this property boasts a rich history, having operated as a successful convenience store since 1970. The recent comprehensive renovation has resulted in an impressive and modern aesthetic, ready for immediate operation. A significant inventory is included in the sale, minimizing the start-up costs for the new owner. The property benefits from a prime location in the near Maumee, Ohio area, ensuring high visibility and convenient access for customers. Importantly, the sale includes valuable C1, C2, and C6 liquor permits, allowing for Sunday sales, a significant advantage in the competitive convenience store market. This presents a rare opportunity to acquire an established, updated business with a proven track record and the potential for immediate profitability. The asking price is $199,000. This is a fantastic opportunity for an experienced entrepreneur looking to acquire a well-established and profitable business with a strong foundation for future growth. The property is ready for a new owner to step in and continue the legacy of success. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6454
    Latitude
    41.5958
    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
    $6,960
    $13,895
    $54,250
    $68,145
    -
    $39,700
    $155,000
    $194,700

    Comparable in this City

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      1604 Byrne Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,100 SF
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      $645,000
      20,860 SF

      2522 Reynolds Rd

      RETAIL STORES (PERSONAL SERVICES) • 20,860 SF
      2522 Reynolds Rd, Toledo, OH 43614
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    • Value Estimation by Request
      3,950 SF

      2029 Byrne Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,950 SF
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      7,400 SF

      2021 Byrne Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,400 SF
      2021 Byrne Rd, Toledo, OH 43614-5102
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    • Value Estimation by Request
      9,612 SF

      2751 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,612 SF
      2751 Glendale Ave, Toledo, OH 43614
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    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • 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
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    Toledo, OH 43614-3271
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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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