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    2669 Commercial Blvd Northwood, OH 43619-1082
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    Property profile & analytics

    2669 Commercial Blvd, Northwood, OH 43619-1082

    View on Map
    • Warehouses
    • 22,500 SF
    • 2.30 lot acres
    Off-Market
    Property ID
    US66-3366909
    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.
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2669 Commercial Blvd

    Year built
    2019
    Lot size
    2.30 lot acres
    Property type
    Warehouses
    APN
    M50-812-3100-00-066.000
    APU
    M50812310000066000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 21, 2015 — Sahm Glass INC Mcnerney & Sons INC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $842,000
      Market price range: $361k - $1.27M
      AI Estimate
      $876,000
      Market price range: $548k - $1.23M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $800,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Northwood
    County
    Wood
    State
    Ohio
    Longitude
    -83.5241
    Latitude
    41.604
    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
    $3,853
    $48,300
    $285,990
    $334,290
    -
    $138,000
    $817,100
    $955,100

    Comparable in this City

    • Value Estimation by Request
      9,355 SF

      5417 Woodville Rd

      WAREHOUSE, STORAGE
      5417 Woodville Rd, Northwood, OH 43619-2207
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    • Value Estimation by Request
      9,996 SF

      2287 Tracy Rd

      WAREHOUSE, STORAGE
      2287 Tracy Rd, Northwood, OH 43619-1326
      View Details
    • Value Estimation
      $1,965,000
      31,142 SF

      200 Lemoyne Rd

      MINI-WAREHOUSE, STORAGE
      200 Lemoyne Rd, Northwood, OH 43619-1630
      View Details
    • Value Estimation
      $3,855,000
      180,900 SF

      6705 Wales Rd

      WAREHOUSE, STORAGE
      6705 Wales Rd, Northwood, OH 43619-1011
      View Details
    • Value Estimation by Request
      5,000 SF

      201 Andrus Rd

      WAREHOUSE, STORAGE
      201 Andrus Rd, Northwood, OH 43619-1303
      View Details
    • Value Estimation
      $525,000
      9,270 SF

      411 Lemoyne Rd

      WAREHOUSE, STORAGE
      411 Lemoyne Rd, Northwood, OH 43619-1626
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse with LED Lighting

      Warehouse property featuring LED lighting, available for sale.
      6943 Wales Rd, Northwood, OH 43619
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    • Contact for pricing
      1 SF

      Northwood Ohio Warehouse Investment

      Multi-Tenant Warehouse, Excellent Investment Opportunity
      6943 Wales Rd, Northwood, OH 43619
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      213,687 SF

      Industrial Buildings Near I-75

      Three adjoining industrial buildings with credit tenant near I-75.
      6750 Wales Rd, Northwood, OH 43619
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    • Contact for pricing

      Northwood Industrial Center For Sale

      71,687 SF industrial center with long-term tenants in place.
      6943 Wales Rd, Northwood, OH 43619
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space For Sale

      1,200 SqFt retail space available for sale.
      2038 Tracy Rd, Northwood, OH 43619
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    • Contact for pricing
      17,136 SF

      Retail Buildings in Commerce Park

      Two retail buildings with income potential in Northwood, Ohio.
      500-510 Commerce Park Blvd, Northwood, OH 43619
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse, Office, and Flex Space

      Secure warehouse, office, and flex space for small businesses.
      2550 Tracy Rd, Northwood, OH 43619
      View Details
    • Contact for pricing
      45,900 SF

      Northwood Warehouse Space Available

      45,900 sq ft warehouse/industrial space for lease.
      6610 Fairfield Dr, Northwood, OH 43619
      View Details
    • New
      Contact for pricing
      4,100 SF

      Warehouse with Grade-Level Door

      Rental warehouse space featuring a single 12' x 16' grade-level door for straightforward loading.
      6943 Wales Rd, Northwood, OH 43619
      View Details
    • Contact for pricing

      Industrial Land with Tax Abatement

      Industrial land for lease with CRA tax abatement.
      Wales Rd, Northwood, OH 43619
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent at 240 W. Andrus Road.
      240 W Andrus Rd, Northwood, OH 43619
      View Details
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    2669 Commercial Blvd
    Northwood, OH 43619-1082
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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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