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Property profile & analytics
FOR LEASE
Manufacturing properties
315 Matzinger Rd Toledo, OH 43612
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-2777925
For Lease
1 / 30
$6,345,000
315 Matzinger Rd, Toledo, OH 43612
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
1955
Total area
1,108,077 SF
Lot
43.48 ac (1,893,858 SF)
Zoning code
10-IG
APN
22-08263
UPID
US66-2777925
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
-
Howard Ternes packaging Industrial Manufacturer Factory
-
Toledo Parts Plus Auto Parts Store
-
H H Wheel Services Inc Auto Parts Store
-
CQA Solutions Consultant
-
Walker International Transportation Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.37M
Blend (final)
Blend
$6.35M
Owner & transaction history
Ibc INC · 22 yrs held
Ibc INC
since 2004
7 recorded transactions
Zoning & alternative use
10-IG · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.35M
Range $5.71M – $6.98M · ±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
$6 / 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
$154,284
Tax year 2023
Assessed value
$1,577,380
Assessed 2023
Previous assessed
$1,577,380
+0.0% YoY
Effective rate
9.78%
On assessed value
Assessed land
$423,255
Assessed improvement
$1,154,125
Land market value
$1,209,300
Improvement market value
$3,297,500
Total market value
$4,506,800
Applied tax rate
22.0000
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
For Lease
Year built
1955
Heating
NONE
Stories
2
Total area
1,108,077 SF
Lot
43.48 ac (1,893,858 SF)
Zoning code
10-IG
APN
22-08263
UPID
US66-2777925
Jurisdiction
LUCAS
Zoning & alternative use
10-IG · Toledo, OH
Zoning 10-IG · permitted uses
10-IG · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
2
Lot
43.48 ac
Current owner
From public records · entity-resolved
Ibc INC
Entity
Mailing address
300 PHILLIPS AVE, TOLEDO, OH 43612-1470
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
—
Ibc INC
—
Deed
related
$5,700,000 · The Farmers & Merchants State Bank
Jul 15, 2024
—
I B C INC
—
Deed
related
$3,000,000 · The Farmers & Merchants State Bank
Jul 7, 2023
—
I B C INC
—
Deed
related
$3,500,000 · The Farmers & Merchants State Bank
Feb 5, 2019
—
I B C INC
—
Deed
related
$3,000,000 · The Farmers & Merchants State Bank
Feb 1, 2018
—
I B C INC
—
Deed
related
$4,005,000 · The Farmers & Merchants State Bank
Aug 14, 2008
—
Ibc INC
—
Deed Of Trust
related
$6,400,000 · Huntington National Bank
Jul 16, 2004
$4,175,000
Ibc INC
Corporate Property Assocs 6
Trustees Deed
$4,700,000 · Sky Bk
—
—
Ibc INC
—
Deed Of Trust
related
$750,000 · Sky Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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