Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    318 Erie St Toledo, OH 43604
    Back to Search
    Property profile & analytics

    318 Erie St, Toledo, OH 43604

    View on Map
    • Parking lots & garages
    • 0.14 lot acres
    Off-Market
    Last Sale Oct 4, 2023
    Property ID
    US66-1468310
    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

    • AirGarage / Parking Lot & Garage
    • Lot 26 / Parking Lot & Garage

    Property Details for 318 Erie St

    Lot size
    0.14 lot acres
    Zone code
    10-CD
    Property type
    Parking lots & garages
    APN
    12-16674
    APU
    1216674

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 4, 2023 — Four Corners Toledo LLC Midland Agency Of Northwest Ohio Lease —
    May 8, 2018 $147,250 Midland Agency Of Northwest Ohio Tr Erie Parking Co INC Warranty Deed —

    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
    -83.5377
    Latitude
    41.653
    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
    $3,581
    $24,185
    $1,015
    $25,200
    -
    $69,100
    $2,900
    $72,000

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      1236 Champlain St

      PARKING GARAGE, PARKING STRUCTURE
      1236 Champlain St, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      0.05 Acres

      1902 Canton Ave

      PARKING GARAGE, PARKING STRUCTURE
      1902 Canton Ave, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      0.29 Acres

      823 Adams St

      PARKING GARAGE, PARKING STRUCTURE
      823 Adams St, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      0.07 Acres

      114 10th St

      PARKING GARAGE, PARKING STRUCTURE
      114 10th St, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      0.17 Acres

      763 Nebraska Ave

      PARKING GARAGE, PARKING STRUCTURE
      763 Nebraska Ave, Toledo, OH 43604-8545
      View Details
    • Value Estimation by Request
      1.64 Acres

      1502 Madison Ave

      PARKING GARAGE, PARKING STRUCTURE
      1502 Madison Ave, Toledo, OH 43604
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      61,893 SF

      Downtown Toledo Office Building

      Seven-story office building with on-site parking in Downtown Toledo.
      1933 Spielbusch Ave, Toledo, OH 43604
      View Details
    • Contact for pricing
      6,320 SF

      Retail Property in Toledo, OH

      Retail property available for sale in Toledo, Ohio.
      329 N Huron St, Toledo, OH 43604
      View Details
    • Contact for pricing
      16,560 SF

      Downtown Toledo Freestanding Office Building

      Freestanding office building in Downtown Toledo with parking available.
      622 Jefferson Ave, Toledo, OH 43604
      View Details
    • $850,000

      Historic Building in Prime Location

      23,600 SF historic building in the heart of the city.
      241 N Superior St, Toledo, OH 43604
      View Details
    • Contact for pricing
      21,888 SF

      Historic Downtown Bank Building

      Four-story bank building with neoclassical architecture in downtown Toledo.
      245 N Superior St, Toledo, OH 43604
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,920 SF

      Versatile Retail/Office/Medical Space Available

      Adaptable space suitable for retail, office, or medical tenants.
      152 N Summit St, Toledo, OH 43604
      View Details
    • Contact for pricing

      Prime Retail or Office Space

      Versatile property in central location, ideal for retail or office.
      122 Broadway St, Toledo, OH 43604
      View Details
    • Contact for pricing

      Historic Mixed-Use Davis Building

      Mixed-use property in Toledo's Central Business District.
      151 N Michigan St, Toledo, OH 43604
      View Details
    • Contact for pricing

      Downtown Toledo Commercial Space Available

      Prime commercial space in downtown Toledo, fully renovated.
      710 Monroe St, Toledo, OH 43604
      View Details
    • $12 SF/Yr

      Fort Industry Square Commercial Space

      Class "A" commercial space in downtown Toledo's revitalized district.
      100 North Summit St, Toledo, OH 43604
      View Details
    • Contact for pricing

      Historic Office/Retail Space in Toledo

      7,360 SF office/retail space in Toledo's business district.
      1600 Madison Ave, Toledo, OH 43604
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    318 Erie St
    Toledo, OH 43604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    318 Erie St, Toledo, OH, 43604
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!