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    3131 Sylvania Ave Toledo, OH 43613-4131

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    3131 Sylvania Ave Toledo, OH 43613-4131

    View on Map
    • Strip malls
    • 3,516 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Mar 29, 2023
    $200,000
    Property ID
    US66-2423838
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tailored by tmari / Clothing & Fashion Store

    Property Details for 3131 Sylvania Ave

    Year built
    1954
    Lot size
    0.21 lot acres
    Property size
    3,516 SF
    Zone code
    10-CR
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    22-37761
    APU
    2237761

    Description

    This exceptional 2,000-square-foot retail space is ideally situated at 3131 W Sylvania Ave in Toledo, Ohio, within Wood County. Currently entirely vacant and ready for immediate occupancy, this single-tenant property presents a fantastic opportunity for a variety of retail businesses. The property boasts a convenient location with excellent visibility and accessibility, making it an attractive destination for customers. The zoning classification is CR, offering flexibility for a range of permitted uses. The building's total square footage is 2,000 square feet, providing ample space for a retail operation, showroom, or other commercial venture. The property is located at the intersection of W Sylvania Ave in Toledo, Ohio, zip code 43654, with coordinates 41.64 latitude and -83.54 longitude. This prime location offers significant potential for growth and success. Interested parties are encouraged to inquire promptly to secure this exceptional retail opportunity. The property is available for lease and is ready for immediate occupancy. This is a single-tenant space, providing a unique opportunity for a business seeking a dedicated location. The property's size and location make it an ideal choice for a variety of retail businesses seeking a prominent presence in the Toledo market. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6196
    Latitude
    41.6916
    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
    $5,015
    $5,670
    $43,155
    $48,825
    -
    $16,200
    $123,300
    $139,500

    Comparable in this City

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      6,000 SF

      3145 Sylvania Ave

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
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    • Value Estimation by Request
      3,500 SF

      2525 Laskey Rd

      SHOPPING CENTER, STRIP CENTER • 3,500 SF
      2525 Laskey Rd, Toledo, OH 43613-3249
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      0.08 Acres

      5068 Douglas Rd

      SHOPPING CENTER, STRIP CENTER • 0.08 Acres
      5068 Douglas Rd, Toledo, OH 43613-2607
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    • Value Estimation
      $1,350,000
      59,650 SF

      2630 Laskey Rd

      SHOPPING CENTER, STRIP CENTER • 59,650 SF
      2630 Laskey Rd, Toledo, OH 43613-3206
      View Details
    • Value Estimation by Request
      0.26 Acres

      5074 Douglas Rd

      SHOPPING CENTER, STRIP CENTER • 0.26 Acres
      5074 Douglas Rd, Toledo, OH 43613-2607
      View Details

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      Retail Space with Drive-Thru Window

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    Toledo, OH 43613-4131
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    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
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