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Property profile & analytics
FOR LEASE
Office buildings
3171 N Republic Blvd Toledo, OH 43615
Entity Owned
25-yr Hold
Free & Clear
Property ID
US66-2242301
For Lease
1 / 14
$12 SF/Yr
3171 N Republic Blvd, Toledo, OH 43615
View Listing →
Property summary
AI-generated overview
This exceptional Toledo property, located at 3171 N Republic Boulevard, offers a unique blend of executive office and warehouse space, ideal for a variety of businesses. The 18,032 square foot building sits on a 0.918-acre lot and features a total of five suites, with flexible space options ranging from a minimum of 530 square feet to a maximum contiguous space of 3,224 square feet. Currently, 5,966 square feet is available for lease. Built in 1973 and renovated in 1990, the two-story building boasts ceiling heights ranging from 8 to 14 feet, providing ample vertical space. The property is zoned for Highway General Commercial District use (Lucas County APN: 69181
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
18,032 SF
Lot
0.92 ac (40,009 SF)
Zoning code
20-C2
APN
78-69181
UPID
US66-2242301
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
-
American Steel Products Metal Fabrication Plant Factory
-
Berde Investigations Law Firm Security Service
-
Garrdal Coropration Big Box & Wholesale Store
-
Granite City Pickling Industrial Manufacturer Production Facility
-
Lithium Innovations Co, llc Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$515k
Owner & transaction history
REPUBLIC PROPERTY LLC AN OHIO LIMITED LIABILITY CO
REPUBLIC PROPERTY LLC AN OHIO LIMITED LIABILITY CO
Zoning & alternative use
20-C2 · 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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$29 / 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
$14,837
Tax year 2023
Assessed value
$142,555
Assessed 2023
Previous assessed
$142,555
+0.0% YoY
Effective rate
10.41%
On assessed value
Assessed land
$75,355
Assessed improvement
$67,200
Land market value
$215,300
Improvement market value
$192,000
Total market value
$407,300
Applied tax rate
78.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1973
Heating
NONE
Stories
2
Total area
18,032 SF
Lot
0.92 ac (40,009 SF)
Zoning code
20-C2
APN
78-69181
UPID
US66-2242301
Jurisdiction
LUCAS
Zoning & alternative use
20-C2 · Toledo, OH
Zoning 20-C2 · permitted uses
20-C2 · 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
1973
Heating
NONE
Stories
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
REPUBLIC PROPERTY LLC AN OHIO LIMITED LIABILITY CO
Entity
Free & Clear · 0 yrs held
Mailing address
3171 N REPUBLIC BLVD, TOLEDO, OH 43615-1525
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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