Property profile

3164 Bellevue Rd Toledo, OH 43606

FOR SALE
Warehouses
Property ID
US66-1805536
8,730 SF 0.09 ac lot Built 1930
Entity Owned 8-yr Hold Free & Clear
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3164 Bellevue Rd, Toledo, OH 43606 For Sale
Contact for pricing 8,730 SF
3164 Bellevue Rd, Toledo, OH 43606
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses three interconnected warehouse buildings totaling 12,846 square feet, strategically located in Toledo, Ohio, at 3164, 3168, and 3172 Bellevue Road. The property features a mix of occupied and vacant space, presenting immediate income potential and future expansion possibilities. Building 3172 boasts 8,730 square feet, including a mezzanine with drive-under storage, front and rear drive-in overhead doors, and a recently installed ($35,000) flat rubber roof with skylights. Buildings 3164 and 3168, totaling 4,116 square feet, are internally connected but separated by a cinder block wall and chain link fence. 3164 is currently leased for $1,500 per month plus utilities, while the 4,000 square foot 3168 portion is vacant. The entire complex benefits from newer roofs and has undergone asbestos abatement. Its prime location near the University of Toledo, Westgate, and I-475 offers excellent accessibility and visibility. Nearby amenities include a CVS, gas station, restaurant, and ice cream shop. The property also enjoys proximity to Toledo Edison's adjacent paved lot, which provides access to their cell tower. This multi-tenant industrial property offers a compelling combination of income generation, expansion potential, and a highly desirable location, making it an attractive investment opportunity. The asking price is $395,000, representing a price per square foot of $30.75.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1930
Total area 8,730 SF
Lot 0.09 ac (4,090 SF)
Zoning code 10-IL
APN 02-35207
UPID US66-1805536

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
  • Hardware & Home Improvement Interior Design
  • Landscaping General Contractor

Location

3164 Bellevue Rd Toledo, OH 43606
Toledo metro Census 6500 TOLEDO, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2017
1 recorded transaction
2017
$150,000

Zoning & alternative use

10-IL · Toledo, OH

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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