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Property profile & analytics
OFF-MARKET
Estimated value
$6,605,000
Apartment buildings
3233 Percentum Rd, Toledo, OH 43617-1128
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-0832291
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Total area
106,392 SF
Lot
7.07 ac (307,969 SF)
Zoning code
20-R4PUD
APN
78-58141
UPID
US66-0832291
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
-
Addison Place Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.35M
Blend (final)
Blend
$6.61M
Owner & transaction history
Addison Place LLC · 7 yrs held
Addison Place LLC
since 2018
4 recorded transactions
Zoning & alternative use
20-R4PUD · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.9M
+89.6%
Auto repair, garage
$7.7M
+84.7%
Neighborhood: shopping center
$7.5M
+80.5%
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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,155,000
Current use
MEDICAL BUILDING
$7,880,000
Change: +90% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,675,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,505,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$6,905,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$6,745,000
Change: +62% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,485,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$6.61M
Range $5.94M – $7.27M · ±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
$62 / 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
$194,800
Tax year 2023
Assessed value
$1,890,525
Assessed 2023
Previous assessed
$1,890,525
+0.0% YoY
Effective rate
10.30%
On assessed value
Assessed land
$42,455
Assessed improvement
$1,848,070
Land market value
$121,300
Improvement market value
$5,280,200
Total market value
$5,401,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Stories
1
Units
8
Rooms
4
Bathrooms
1
Total area
106,392 SF
Lot
7.07 ac (307,969 SF)
Zoning code
20-R4PUD
APN
78-58141
UPID
US66-0832291
Jurisdiction
LUCAS
Zoning & alternative use
20-R4PUD · Toledo, OH
Zoning 20-R4PUD · permitted uses
20-R4PUD · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
RETAIL STORES
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2019
Heating
FORCED AIR
Stories
1
Units
8
Rooms
4
Bathrooms
1
Lot
7.07 ac
Current owner
From public records · entity-resolved
Addison Place LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3618 KING RD, TOLEDO, OH 43617-1404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Aug 20, 2020
—
Addison Place LLC
—
Deed
related
$7,800,000 · Waterford Bk NA
Aug 10, 2018
—
Addison Place LLC
Mccarthy Riverbend LLC
Quit Claim Deed
related
—
Mar 13, 2018
$560,000
Mccarthy Riverbend LLC
Oetzel,edward H
Warranty Deed
—
—
—
Addison Place LLC
—
Loan Modification
related
$7,800,000 · Waterford Bk NA
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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