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Property profile & analytics
OFF-MARKET
Estimated value
$6,995,000
Community centers
2602 Sylvania Ave Toledo, OH 43613-4322
Entity Owned
~
Est. High Equity
Property ID
US66-6196366
Property summary
AI-generated overview
This exceptional opportunity presents the chance to acquire Jed's Bar & Grill, a well-established and highly profitable business located at 2602 W Sylvania Avenue in Toledo, Ohio. Boasting a substantial 3.68-acre lot, this 5,000 square foot facility is currently generating impressive monthly sales of $140,000. The property features a spacious interior complemented by a large outdoor patio and bar area, providing ample space for both dining and drinking. Jed's Bar & Grill is known for its creative menu and extensive beverage selection, including 22 beers on tap, contributing to its consistent success and strong customer base. The business is situated in the popular West Toledo area, benefiting from high visibility and convenient access. This turnkey operation offers a rare chance to own a thriving, established business with significant growth potential. The asking price for this exceptional property is $550,000. Showings are strictly by appointment only. Detailed financial information is available upon request. Don't miss this opportunity to own a piece of West Toledo's vibrant culinary scene.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1968
Total area
77,221 SF
Lot
3.68 ac (160,347 SF)
Zoning code
10-CR
APN
04-09559
UPID
US66-6196366
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.05M
Comparable Approach
Comparable
$7.35M
Blend (final)
Blend
$7.00M
Owner & transaction history
Santiago Equities LLC
Santiago Equities LLC
since 2026
7 recorded transactions
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.7M
+5.0%
Auto repair, garage
$5.6M
+2.3%
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%
$9,800,000
6.5%
$9,045,000
7%
$8,400,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,445,000
Current use
MEDICAL BUILDING
$5,720,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,570,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,410,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$4,895,000
Change: -10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,705,000
Change: -14% · Conversion: Easy
RETAIL STORES
$4,390,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$7.00M
Range $6.30M – $7.69M · ±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
$91 / 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
$130,552
Tax year 2023
Assessed value
$1,430,765
Assessed 2023
Previous assessed
$1,430,765
+0.0% YoY
Effective rate
9.12%
On assessed value
Assessed land
$207,690
Assessed improvement
$1,223,075
Land market value
$593,400
Improvement market value
$3,494,500
Total market value
$4,087,900
Applied tax rate
4.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1968
Heating
NONE
Stories
1
Total area
77,221 SF
Lot
3.68 ac (160,347 SF)
Zoning code
10-CR
APN
04-09559
UPID
US66-6196366
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
$5.4M
MEDICAL BUILDING
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1968
Heating
NONE
Stories
1
Lot
3.68 ac
Current owner
From public records · entity-resolved
Santiago Equities LLC
Entity
Mailing address
350 PNE ST STE #800, BEAUMONT, TX 77701-2434
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
$2,000,000
Santiago Equities LLC
Acs Deveaux Village Shopping Ctr Oh
Deed
$500,000 · The Farmers & Merchants State Bank
Aug 28, 2019
$4,732,000
Acs Deeaux Village Shopping Ctr Oh
Deveaux Holdings LLC
Limited Warranty Deed
$38,000,000 · Wells Fargo Bank NA
Apr 20, 2012
—
Deveaux Holdings LLC
—
Deed Of Trust
related
$4,300,000 · Archetype Mtg Funding II LLC
Dec 1, 2011
—
Deveaux Holdings LLC
—
Deed Of Trust
related
$3,600,000 · Fahey Banking Co
Sep 24, 2010
—
Diversified Invs L Continental
—
Trustees Deed
related
$700,000 · Ramy D Eidi
Sep 1, 2010
$4,050,000
Deveaux Holdings LLC
Deveaux Investors LLC
Grant Deed
$3,645,000 · Huntington Mortgage
Jun 3, 2005
$2,350,000
Deveaux Investors LLC
Port Lawrence Title & Trust Co
Deed
$4,560,000 · Sky Bank
Jun 3, 2005
—
Port Lawrence Title & Trust Compa
Sylvania-douglas Realty
Warranty Deed
—
—
—
Deveaux Investors LLC
—
Deed Of Trust
related
$174,913 · Transtar Electric INC
—
—
Deveaux Investors LLC
—
Deed Of Trust
related
$2,310,000 · Sky Bank
—
—
Deveaux Investors LLC
—
Deed Of Trust
related
$115,326 · M&m Heating & Cooling INC
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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