Property profile

2840 Centennial Rd Toledo, OH 43617

OFF-MARKET
Warehouses
Property ID
US66-2348105
152,659 SF 4.89 ac lot Built 1979
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 152,659-square-foot industrial property, located at 2840 Centennial Road, offers a unique blend of office and warehouse space ideal for various businesses. The property sits on a substantial 15.4-acre lot and features two suites, with a minimum divisible space of 30,000 square feet and a maximum contiguous space of 42,435 square feet. Currently, 72,435 square feet is available for lease. The building, constructed in 1976 and renovated in 2002, boasts a Class B rating and is a two-story structure. Office space totals approximately 19,000 square feet, while the warehouse space encompasses roughly 135,000 square feet. Ceiling heights range from 9 to 12 feet in the office areas and 16 to 40 feet in the warehouse. The property includes 14 loading docks, 4 dock-high doors, 6 overhead doors, and a 12-truck well/dock. Ample parking is provided with 280 spaces. The building features a robust power supply (240/120/208 volts, 1600 amps, 3-phase, 3000 KVA transformer on-site), a security system, eight restrooms (four in the warehouse and four in the office), and an Early Suppression Fast Response (ESFR) sprinkler system with a backup pump. The property is zoned Industrial/M-1 and benefits from its location on Central Avenue (US-20), a heavy haul route. The building's exterior features sheet metal siding, and the structural system consists of pre-engineered steel beams and a metal roof. The warehouse floors are concrete. Heating is provided by gas-fired unit heaters, and central air conditioning is available in the office areas. Monument and facade signage opportunities are available.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Total area 152,659 SF
Lot 4.89 ac (213,008 SF)
Zoning code 20-M1
APN 78-42154
UPID US66-2348105

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Distribution Center Logistics Company
  • Factory Production Facility

Location

2840 Centennial Rd Toledo, OH 43617-1831
Toledo metro Census 9203 TOLEDO, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.86M

Owner & transaction history

since 2025
Last sale
$7.3M
5 recorded transactions
2025
$7.3M
2025
Price N/A
2023
$5.2M
2020
$3.0M
2018
Price N/A

Zoning & alternative use

20-M1 · Toledo, OH
Top alternative use upside
Retail stores $9.9M +82.1%
Office building $9.7M +77.7%
Commercial (general) $9.3M +70.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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