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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Strip malls
2725 Central Ave Toledo, OH 43606-3439
Entity Owned
~
Est. High Equity
Property ID
US66-1179381
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1956
Total area
33,430 SF
Lot
2.94 ac (128,022 SF)
Zoning code
10-CR
APN
09-08360
UPID
US66-1179381
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
-
Food Town Fresh Market of Toledo Grocery & Convenience Store Food Market
-
Toledo Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$440k
Blend (final)
Blend
$705k
Owner & transaction history
Florida And Ohio Properties INC
Florida And Ohio Properties INC
since 2026
7 recorded transactions
Zoning & alternative use
10-CR · 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$21 / 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
$37,879
Tax year 2023
Assessed value
$399,245
Assessed 2023
Previous assessed
$399,245
+0.0% YoY
Effective rate
9.49%
On assessed value
Assessed land
$40,950
Assessed improvement
$358,295
Land market value
$117,000
Improvement market value
$1,023,700
Total market value
$1,140,700
Applied tax rate
9.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1956
Heating
NONE
Stories
1
Total area
33,430 SF
Lot
2.94 ac (128,022 SF)
Zoning code
10-CR
APN
09-08360
UPID
US66-1179381
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
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Stories
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Florida And Ohio Properties INC
Entity
Mailing address
260 MATZINGER RD, TOLEDO, OH 43612-2625
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2026
—
Florida And Ohio Properties INC
Florida And Ohio Properties INC
Deed
related
$2,000,000 · Premier Bank
May 20, 2020
—
Mike Taouil
Mike & Sons Props INC
Quit Claim Deed
—
Dec 29, 2016
—
Nour & Adam Properties LLC
—
Deed
related
$777,500 · Farmers & Merchants St Bk
Oct 14, 2015
—
Mike & Sons Properties INC
Mike & Sons Properties LLC
Quit Claim Deed
related
—
Jan 3, 2005
—
Mike & Sons Properties LLC
East Side Mini-mart INC
Warranty Deed
—
Jul 1, 2004
$1,848,000
East Side Mini-mart INC
Shina Properties LLC
Grant Deed
$2,500,000 · First Federal Bank Midwest
Jul 1, 2004
—
East Side Mini-mart INC
—
Deed Of Trust
related
$2,500,000 · First Federal Bank Midwest
—
—
Mike & Sons Properties INC
—
Deed Of Trust
related
$777,500 · Farmers & Merchants St Bk
—
—
Nour & Adam Properties LLC
—
Deed Of Trust
related
$777,500 · Farmers & Merchants St Bk
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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