Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2835 Hl Ave Toledo, OH 43607-2928

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2835 Hl Ave Toledo, OH 43607-2928

    View on Map
    • Manufacturing properties
    • 11,284 SF
    • 5.66 lot acres
    Off-Market
    Property ID
    US66-1233822
    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
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Northtown Auto Parts / Auto Parts Store

    Property Details for 2835 Hl Ave

    Year built
    1997
    Lot size
    5.66 lot acres
    Property size
    11,284 SF
    Zone code
    10-IG
    Property type
    Manufacturing properties
    APN
    20-28901
    APU
    2028901

    Description

    This exceptional 1.6 million dollar industrial land parcel presents a unique redevelopment opportunity in Toledo, Ohio. Strategically located at 2835 Hill Ave, 43607, this property boasts high visibility with 18,213 vehicles passing daily. Its prime location offers unparalleled access to major transportation arteries, including proximity to I-75 (3.5 miles) and the Ohio Turnpike (5.5 miles), ensuring seamless logistics. A Norfolk Southern freight line directly borders the eastern edge of the property, providing direct rail access for businesses requiring freight transportation. The site also benefits from its proximity to the University of Toledo (1.4 miles) and UT - Scott Park (0.5 miles), offering potential synergies with the academic and research community. Furthermore, its location is just 16 miles from the Eugene F. Kranz Toledo Express Airport, facilitating convenient air travel. This property is ideal for developers seeking a high-traffic, well-connected location for a variety of industrial projects. The site's size and location make it an attractive investment for businesses seeking to establish a strong presence in the Toledo area. This is a rare opportunity to acquire a significant piece of industrial land in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $670,000
      Market price range: $121k - $671k
      AI Estimate
      $424,000
      Market price range: $89.7k - $424k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $835,000
      AUTO REPAIR, GARAGE
      $815,000
      NEIGHBORHOOD: SHOPPING CENTER
      $795,000
      RETAIL STORES
      $735,000
      OFFICE BUILDING
      $715,000
      COMMERCIAL (GENERAL)
      $690,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6122
    Latitude
    41.6371
    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
    $10,256
    $65,240
    $21,490
    $86,730
    -
    $186,400
    $61,400
    $247,800

    Comparable in this City

    • Value Estimation by Request
      1.80 Acres

      38 Blucher St

      MANUFACTURING (LIGHT) • 1.80 Acres
      38 Blucher St, Toledo, OH 43607
      View Details
    • Value Estimation by Request
      0.58 Acres

      1154 Nebraska Ave

      MANUFACTURING (LIGHT) • 0.58 Acres
      1154 Nebraska Ave, Toledo, OH 43607
      View Details
    • Value Estimation by Request
      0.43 Acres

      1948 Clinton St

      MANUFACTURING (LIGHT) • 0.43 Acres
      1948 Clinton St, Toledo, OH 43607-1650
      View Details
    • Value Estimation
      $1,280,000
      174,093 SF

      117 Blucher St

      MANUFACTURING (LIGHT) • 174,093 SF
      117 Blucher St, Toledo, OH 43607
      View Details
    • Value Estimation by Request
      10,440 SF

      1813 Palmwood Ave

      FOUNDRY, INDUSTRIAL PLANT • 10,440 SF
      1813 Palmwood Ave, Toledo, OH 43607
      View Details
    • Value Estimation
      $965,000
      62,078 SF

      99 Fearing Blvd

      MANUFACTURING (LIGHT) • 62,078 SF
      99 Fearing Blvd, Toledo, OH 43607-3602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      98,613 SF

      Industrial Warehouse with Secured Yard

      98,613 SF industrial property featuring docks, grade doors, and rail.
      6120 N Detroit Ave, Toledo, OH 43607
      View Details
    • Contact for pricing

      Land Near I-475 Interchange

      Commercial land near Dorr Street and I-475 interchange.
      6340 Dorr St, Toledo, OH 43607
      View Details
    • Contact for pricing
      16,522 SF

      Toledo Commercial Property for Sale

      Commercial property for sale in an established Toledo neighborhood.
      2959 Nebraska Ave, Toledo, OH 43607
      View Details
    • Contact for pricing

      Redevelopment Land Near University

      2.143 acres near University of Toledo and hospital.
      2567 W Bancroft St, Toledo, OH 43607
      View Details
    • Contact for pricing

      Industrial Land with Rail Access

      Industrial land with utilities, rail access, and highway connectivity.
      243 Arco Dr, Toledo, OH 43607
      View Details
    • $340,000
      0.42 Acres

      Toledo Commercial Investment Opportunity

      High-traffic corner lot, established business
      531 Westwood Ave, Toledo, OH 43607
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial/Flex Building For Lease

      Well-maintained, single-tenant industrial/flex building available for lease.
      100 N Byrne Rd, Toledo, OH 43607
      View Details
    • Contact for pricing
      4,260 SF

      Toledo Warehouse with Outdoor Storage

      Warehouse space available for lease with outdoor storage.
      1549 Campbell St, Toledo, OH 43607
      View Details
    • Contact for pricing

      Remodeled Warehouse Space Available

      Remodeled warehouse near University of Toledo, close to major highways.
      328 N Westwood Ave, Toledo, OH 43607
      View Details
    • Contact for pricing
      30,995 SF

      Industrial Warehouse with Fenced Storage

      30,995 SF warehouse with loading docks and fenced storage.
      1220 Belmont Ave, Toledo, OH 43607
      View Details
    • Contact for pricing

      Retail Center Near University Campus

      Retail spaces available near the University of Toledo campus.
      2903 Dorr St, Toledo, OH 43607
      View Details
    • Contact for pricing

      Mixed-Use Retail and Residential Center

      Mixed-use property near University of Toledo with retail and residential.
      1440 Secor Rd, Toledo, OH 43607
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2835 Hl Ave
    Toledo, OH 43607-2928
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!