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    Property profile & analytics
    OFF-MARKET Estimated value $6,380,000
    Warehouses

    2840 Centennial Rd, Toledo, OH 43617-1831

    152,659 SF 4.89 ac lot Built 1979
    Entity Owned ~ Est. High Equity
    Property ID
    US66-2348105
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Master Fluid Solutions Distribution Center Distribution Center Logistics Company
    • Impact Products LLC Factory Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.17M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $6.38M
    Owner & transaction history
    2840 LLC
    2840 LLC
    since 2025
    Last sale
    $7.3M
    5 recorded transactions
    2025
    $7.3M
    2025
    2023
    $5.2M
    2020
    $3.0M
    2018
    Zoning & alternative use
    20-M1 · Toledo, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $9.9M +82.1%
    Office building $9.7M +77.7%
    Commercial (general) $9.3M +70.9%
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