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Property profile & analytics
OFF-MARKET
Estimated value
$16,565,000
Retail properties & Spaces
2925 Glendale Ave Toledo, OH 43614-2684
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1451503
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2003
Total area
210,996 SF
Lot
22.18 ac (966,204 SF)
Zoning code
10-CRSO
APN
18-87461
UPID
US66-1451503
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
-
Walmart Photo Center (Bike/Boat/Book/etc) Store
-
Walmart Bakery Bakery Specialty Food Shop
-
Walmart Pharmacy Pharmacy
-
Walmart Vision & Glasses (Bike/Boat/Book/etc) Store
-
Ernest S. Spohn Sr, OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.17M
Comparable Approach
Comparable
$14.87M
Blend (final)
Blend
$16.57M
Owner & transaction history
Ar Wto LLC · 1 yrs held
Ar Wto LLC
since 2025
4 recorded transactions
Zoning & alternative use
10-CRSO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.6M
+14.1%
Auto repair, garage
$15.2M
+11.1%
Neighborhood: shopping center
$14.9M
+8.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$22,925,000
6.5%
$21,165,000
7%
$19,650,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,700,000
Current use
MEDICAL BUILDING
$15,630,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,225,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,880,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$13,375,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,860,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$16.57M
Range $14.91M – $18.22M · ±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
$79 / 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
$279,628
Tax year 2023
Assessed value
$3,037,370
Assessed 2023
Previous assessed
$3,037,370
+0.0% YoY
Effective rate
9.21%
On assessed value
Assessed land
$628,845
Assessed improvement
$2,408,525
Land market value
$1,796,700
Improvement market value
$6,881,500
Total market value
$8,678,200
Applied tax rate
18.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
210,996 SF
Lot
22.18 ac (966,204 SF)
Zoning code
10-CRSO
APN
18-87461
UPID
US66-1451503
Jurisdiction
LUCAS
Zoning & alternative use
10-CRSO · Toledo, OHZoning 10-CRSO · permitted uses
10-CRSO · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$15.6M
AUTO REPAIR, GARAGE
Est. value
$15.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.9M
OFFICE BUILDING
Est. value
$13.4M
COMMERCIAL (GENERAL)
Est. value
$12.9M
RETAIL STORES Current
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
2003
Heating
NONE
Stories
1
Lot
22.18 ac
Current owner
From public records · entity-resolved
Ar Wto LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2025
$9,478,500
Ar Wto LLC
Dredging Toledo LLC
Deed
—
Jun 30, 2005
$1,894,400
Dredging Toledo LLC
Ct Wmt Associates LLC
Grant Deed
—
Jun 30, 2005
—
Dredging Toledo LLC
Toledo Commons Wmt Assocs LLC
Quit Claim Deed
—
Jun 30, 2005
$17,049,600
Dredging Toledo LLC
Toledo Commons Wmt Assocs LLC
Grant Deed
—
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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