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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Warehouses
2620 Centennial Rd, Toledo, OH 43617-1852
Entity Owned
Absentee Owner
Free & Clear
Property ID
US66-2580263
Property summary
AI-generated overview
Centennial Commons, located at 2620 Centennial Rd in Sylvania, Ohio (zip code 43617), offers exceptional warehouse and distribution space for lease. This single-story, 46,000 square foot building, constructed in 1988, sits on a 4.552-acre lot and is zoned M-1 General Industrial District (APN: 42164
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
46,000 SF
Lot
4.74 ac (206,474 SF)
Zoning code
20-M1
APN
78-42164
UPID
US66-2580263
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
-
Pigot Thomas D Law Firm
-
Northwest Pools Inc General Contractor
-
Lake Chem-Dry Carpet Cleaning Service Commercial Cleaning Service
-
Echo Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
East gate refrigeration Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$845k
Owner & transaction history
Great Western Land LLC
Great Western Land LLC
since 2026
3 recorded transactions
Zoning & alternative use
20-M1 · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$18 / 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
$42,953
Tax year 2023
Assessed value
$402,780
Assessed 2023
Previous assessed
$402,780
+0.0% YoY
Effective rate
10.66%
On assessed value
Assessed land
$25,690
Assessed improvement
$377,090
Land market value
$73,400
Improvement market value
$1,077,400
Total market value
$1,150,800
Applied tax rate
78.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Stories
1
Total area
46,000 SF
Lot
4.74 ac (206,474 SF)
Zoning code
20-M1
APN
78-42164
UPID
US66-2580263
Jurisdiction
LUCAS
Zoning & alternative use
20-M1 · Toledo, OH
Zoning 20-M1 · permitted uses
20-M1 · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Lot
4.74 ac
Current owner
From public records · entity-resolved
Great Western Land LLC
Entity
Free & Clear · 0 yrs held
Mailing address
26133 HULL PR RD, PERRYSBURG, OH 43551-9780
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
—
Great Western Land LLC
John J Schoen
Warranty Deed
—
Jan 25, 2016
—
John J Schoen
—
Trustees Deed
related
$400,000 · Citizens Nat'l Bk/bluffton
—
—
John J Schoen
—
Deed Of Trust
related
$400,000 · Citizens Nat'l Bk/bluffton
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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