Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    251 Lytle St Fostoria, OH 44830-3052

    • Commercial real estate
    • 2,409 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Jul 19, 2021
    $55,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3132384
    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

    • Commercial real estate

    Property Details for 251 Lytle St

    Year built
    1966
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Property size
    2,409 SF
    Property type
    Commercial real estate
    APN
    P51040987200000
    APU
    P51040987200000

    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
    Fostoria
    County
    Seneca
    State
    Ohio
    Longitude
    -83.4094
    Latitude
    41.1501
    CBSA code
    45660
    CBSA name
    TIFFIN, OH MICROPOLITAN 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
    $288
    $3,140
    $370
    $3,510
    -
    $8,970
    $1,070
    $10,040

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      701 Van Buren St

      COMMERCIAL (GENERAL) • 0.25 Acres
      701 Van Buren St, Fostoria, OH 44830-1538
      View Details
    • Value Estimation by Request
      0.66 Acres

      Arthur Ave

      COMMERCIAL (GENERAL) • 0.66 Acres
      Arthur Ave, Fostoria, OH 44830
      View Details
    • Value Estimation by Request
      1,699 SF

      320 Roby Ct

      COMMERCIAL (GENERAL) • 1,699 SF
      320 Roby Ct, Fostoria, OH 44830
      View Details
    • Value Estimation by Request
      4,480 SF

      22527 State Rte 12

      COMMERCIAL (GENERAL) • 4,480 SF
      22527 State Rte 12, Fostoria, OH 44830-9681
      View Details
    • Value Estimation by Request
      72 SF

      Smt St

      COMMERCIAL (GENERAL) • 72 SF
      Smt St, Fostoria, OH 44830
      View Details
    • Value Estimation by Request
      90 SF

      Tiffin St

      COMMERCIAL (GENERAL) • 90 SF
      Tiffin St, Fostoria, OH 44830
      View Details

    Similar Nearby for Sale

    • $124,900
      5,600 SF

      Downtown Fostoria Commercial Gem

      Retail, Apartments & High Visibility
      118 Center St, Fostoria, OH 44830
      View Details
    • Contact for pricing
      1.00 Acre

      Fostoria Commercial Land - 8 Acres

      Prime Fostoria land, B-2 zoning, near retail.
      0 Plaza Dr, Fostoria, OH 44830
      View Details
    • $70,000
      0.23 Acres

      Fostoria Commercial Building - Great Visibility!

      High-visibility location, ideal for small business.
      741 Countyline St, Fostoria, OH 44830
      View Details
    • $300,000
      0.11 Acres

      Fostoria Pizza Parlor - Turnkey Business

      Established Pizza Shop, Prime Location, Equipment Included
      381 Perry St, Fostoria, OH 44830
      View Details
    • $114,900

      Condo with Quarry View

      Condo featuring quarry view, water access, and updated interiors.
      435 Park Ave, Fostoria, OH 44830
      View Details
    • $499,000

      Fostoria Industrial Property for Sale

      Industrial property available for purchase in Fostoria, Ohio.
      1200 Mcdougal St, Fostoria, OH 44830
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,378 SF

      Fostoria Plaza Retail Opportunity

      167,241 SF shopping center in Fostoria, Ohio.
      520-560 Plaza Dr, Fostoria, OH 44830
      View Details
    • $2.00 SF/Yr
      167,241 SF

      Fostoria Plaza: Prime Commercial Space

      Ohio Office & Retail Space Available
      520 Plaza Dr, Fostoria, OH 44830
      View Details
    • Contact for pricing
      1,325 SF

      Fostoria Plaza Retail Space

      Neighborhood shopping center with redevelopment potential in Fostoria, Ohio.
      610-640 Plaza Dr, Fostoria, OH 44830
      View Details
    • Contact for pricing
      52,571 SF

      Fostoria Plaza Retail Opportunity

      Neighborhood shopping center in Fostoria, Ohio, with redevelopment potential.
      620 Plaza Dr, Fostoria, OH 44830
      View Details
    • Contact for pricing
      15,768 SF

      Freestanding Industrial Building in Fostoria

      Freestanding industrial building with expansion land and rail access.
      1100 Main St, Fostoria, OH 44830
      View Details
    • $10 SF/Yr
      12,000 SF

      Fostoria Executive Office Space

      Prime Office, 5,600 SF Available
      1650 Countyline St, Fostoria, OH 44830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    251 Lytle St
    Fostoria, OH 44830-3052
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.