Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Office buildings
3232 Executive Pkwy Toledo, OH 43606-1397
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0249951
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
13,530 SF
Lot
1 ac (43,734 SF)
Zoning code
10-CO
APN
23-68847
UPID
US66-0249951
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
-
Bolotin Law Offices Law Firm
-
Job1america Inc Employment Agency
-
First Health Hospice Nursing Home
-
Transitions Care Nursing Home
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.56M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.51M
Owner & transaction history
Redec LLC · 3 yrs held
Redec LLC
since 2023
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
10-CO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+149.0%
Medical building
$1.0M
+16.9%
Auto repair, garage
$975,000
+13.8%
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
$1,660,000
ML approach
$1,560,000
CAP Approach
CAP Return
Estimation
6%
$2,190,000
6.5%
$2,020,000
7%
$1,875,000
Alternative Use
Use
Estimation
RESTAURANT
$2,135,000
Change: +149% · Conversion: Moderate
MEDICAL BUILDING
$1,000,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$975,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$955,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±10% · vs last sale $1.48M (Jan 26 2023)
Last sale anchor
$1.48M
Jan 26 2023
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
$111 / 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
$34,219
Tax year 2023
Assessed value
$354,130
Assessed 2023
Previous assessed
$354,130
+0.0% YoY
Effective rate
9.66%
On assessed value
Assessed land
$89,705
Assessed improvement
$264,425
Land market value
$256,300
Improvement market value
$755,500
Total market value
$1,011,800
Applied tax rate
23.0000
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
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
13,530 SF
Lot
1 ac (43,734 SF)
Zoning code
10-CO
APN
23-68847
UPID
US66-0249951
Jurisdiction
LUCAS
Zoning & alternative use
10-CO · Toledo, OH
Zoning 10-CO · permitted uses
10-CO · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$955,000
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Redec LLC
Entity
Mailing address
5635 GINGER TREE LN, TOLEDO, OH 43623-1078
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
$1,475,000
Redec LLC
Lmb Properties Of Nw Ohio LLC
Warranty Deed
$475,000 · Merchants State Bank
May 22, 2020
—
Lmb Properties Of Nw Ohio LLC
—
Deed
related
$150,000 · The Huntington National Bank
Jan 12, 2005
—
Lmb Properties Of Nw Oh LLC
Lmb Properties
Quit Claim Deed
related
—
—
—
Lmb Properties Of Nw Oh LLC
—
Deed Of Trust
related
$150,000 · Signature Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3232 Executive Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
