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Financial
Distress signals
Property profile

2645 Central Ave Toledo, OH 43606

FOR LEASE
Retail space
Property ID
US66-1799642
3,324 SF 0.62 ac lot Built 1948
Last sale Jan 2026 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Toledo, Ohio property, located at 2645-2655 Central Ave, offers 38,010 square feet of versatile space, currently 100% occupied by a medical service company under a gross lease expiring December 30, 2025. The building, constructed in 1946 and renovated in 1948, features a mix of warehouse, showroom, and office space, boasting ceiling heights ranging from 8'10" to 12'-18'. The asking price is $1,495,000, translating to $46.04 per square foot. Situated on a 1.86-acre lot with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$73k
Assessed land$31k
Assessed improvement$42k
Effective rate9.83%

Value estimate

· Oct 2026
$290k
$261k – $319k
NOI build-up
Gross scheduled income$570k
Vacancy & credit loss−$109k
Operating expenses−$115k
NOI · 2,882,825.00% cap applied$346k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$47/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$21 – $99
Qualifying comparables7

Cap rate analysis

How does the asset earn?
2,882,825.00%
$346k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
10-CR
JurisdictionLUCAS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency38.5
Law Firm29.8
Building Supply22.1

Location

2645 Central Ave Toledo, OH 43606
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3416 Monroe, Toledo, OH 43606 $126,000 Feb 2026 3,588 SF
3326 Monroe, Toledo, OH 43606-4552 $20,000 Aug 2024 4,106 SF
4235 Monroe, Toledo, OH 43606-1943 $140,000 Feb 2024 3,200 SF
3053 Monroe, Toledo, OH 43606-4603 $300,000 Nov 2023 3,907 SF
4221 Monroe, Toledo, OH 43606-1990 $89,000 Feb 2023 3,900 SF
3554 Monroe, Toledo, OH 43606 $48,000 Sep 2022 4,042 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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