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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Warehouses
275 Millard Ave 3 Toledo, OH 43605-1025
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2773826
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
21,600 SF
Lot
14.99 ac (653,095 SF)
Zoning code
10-IG
APN
08-06552
UPID
US66-2773826
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
-
Toledo Metal Recycling Recycling Center Waste Management Facility
-
Mahoney Environmental Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.11M
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$2.11M
Owner & transaction history
Omnisource LLC · 2 yrs held
Omnisource LLC
since 2024
Last sale
$2.1M
6 recorded transactions
Zoning & alternative use
10-IG · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+342.5%
Medical building
$1.6M
+107.7%
Auto repair, garage
$1.6M
+102.3%
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
$2,105,000
ML approach
$2,105,000
CAP Approach
CAP Return
Estimation
6%
$2,650,000
6.5%
$2,450,000
7%
$2,275,000
Alternative Use
Use
Estimation
RESTAURANT
$3,410,000
Change: +342% · Conversion: Difficult
MEDICAL BUILDING
$1,600,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,560,000
Change: +102% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,525,000
Change: +98% · Conversion: Moderate
OFFICE BUILDING
$1,370,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,315,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $2.10M (Mar 6 2024)
Last sale anchor
$2.10M
Mar 6 2024
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
$97 / 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
$32,613
Tax year 2023
Assessed value
$295,960
Assessed 2023
Previous assessed
$295,960
+0.0% YoY
Effective rate
11.02%
On assessed value
Assessed land
$110,565
Assessed improvement
$185,395
Land market value
$315,900
Improvement market value
$529,700
Total market value
$845,600
Applied tax rate
8.0000
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
1969
Heating
NONE
Stories
1
Total area
21,600 SF
Lot
14.99 ac (653,095 SF)
Zoning code
10-IG
APN
08-06552
UPID
US66-2773826
Jurisdiction
LUCAS
Zoning & alternative use
10-IG · Toledo, OH
Zoning 10-IG · permitted uses
10-IG · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1969
Heating
NONE
Stories
1
Lot
14.99 ac
Current owner
From public records · entity-resolved
Omnisource LLC
Entity
Mailing address
7575 W JEFFERSON BLVD, FORT WAYNE, IN 46804-4131
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
$2,104,600
Omnisource LLC
Toledo Shredding LLC
Limited Warranty Deed
—
Nov 18, 2020
—
Toledo Shredding LLC
—
Deed
related
—
Jul 30, 2003
$1,700,000
Toledo Shredding LLC
North Star Recycling Co
Grant Deed
$1,480,000 · Sky Bank
—
—
Toledo Shredding LLC
—
Deed Of Trust
related
$30,000,000 · Wells Fargo Cap Fin
—
—
Toledo Shredding LLC
—
Deed Of Trust
related
$700,000 · Lucas County Improvement Corp
—
—
Toledo Shredding LLC
—
Loan Modification
related
—
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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