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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Retail space
3246 Navarre Ave Oregon, OH 43616-3395
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2358440
Property summary
AI-generated overview
This exceptional executive office suite, located at 3246 Navarre Ave in Oregon, Ohio, presents a fantastic leasing opportunity. The property boasts a total of 10,107 square feet across two stories, with 2,376 square feet currently available for lease. Built in 1988, the building features an 8-foot ceiling height and ample parking with 48 spaces available. The suite is situated on a 0.792-acre lot and benefits from a convenient location with easy access to Coy Road. The property is zoned C-2, providing flexibility for various business uses. The building's electrical service is a robust 200 amp system. This is a multi-tenant building, offering a professional and collaborative environment. The property's Lucas County location (APN: 22901
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Total area
11,744 SF
Lot
0.79 ac (34,369 SF)
Zoning code
40-C2
APN
44-22901
UPID
US66-2358440
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.16M
Owner & transaction history
Srd3246 LLC · 3 yrs held
Srd3246 LLC
since 2023
5 recorded transactions
Zoning & alternative use
40-C2 · Oregon, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+143.1%
Medical building
$870,000
+14.1%
Auto repair, garage
$845,000
+11.1%
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 Oregon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oregon 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
$1,115,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
$1,275,000
6.5%
$1,180,000
7%
$1,095,000
Alternative Use
Use
Estimation
RETAIL STORES
$760,000
Current use
RESTAURANT
$1,855,000
Change: +143% · Conversion: Easy
MEDICAL BUILDING
$870,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$845,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$745,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$715,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$98 / 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
$26,638
Tax year 2023
Assessed value
$312,970
Assessed 2023
Previous assessed
$312,970
+0.0% YoY
Effective rate
8.51%
On assessed value
Assessed land
$13,965
Assessed improvement
$299,005
Land market value
$39,900
Improvement market value
$854,300
Total market value
$894,200
Applied tax rate
44.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Heating
NONE
Stories
2
Total area
11,744 SF
Lot
0.79 ac (34,369 SF)
Zoning code
40-C2
APN
44-22901
UPID
US66-2358440
Jurisdiction
LUCAS
Zoning & alternative use
40-C2 · Oregon, OH
Zoning 40-C2 · permitted uses
40-C2 · Oregon, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oregon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$760,000
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
OFFICE BUILDING
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$715,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Heating
NONE
Stories
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Srd3246 LLC
Entity
Mailing address
PO BOX 8830, TOLEDO, OH 43623-0830
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2023
$995,000
Srd3246 LLC
3246 Navarre Avenue LLC
Warranty Deed
$752,500 · The Union Bank Co
Apr 4, 2018
—
3246 Navarra Avenue LLC
—
Deed
related
$899,500 · Home Savings Bank
Sep 12, 2016
$895,000
3246 Navarre Avenue LLC
Navarre Ave Co LLC
Warranty Deed
—
May 1, 2013
—
Navarre Ave Co LLC
—
Trustees Deed
related
$560,000 · National Bank
Jan 5, 2007
$415,000
Dl Oregon Properties LLC
Navarre Ave Co LLC
Warranty Deed
—
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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