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Property profile & analytics
OFF-MARKET
Estimated value
$415,000
Medical Office Space
3306 Meijer Dr Toledo, OH 43617-3103
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-6052733
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Total area
13,360 SF
Lot
1.3 ac (56,497 SF)
Zoning code
20-C2
APN
79-71308
UPID
US66-6052733
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
-
Balance and Mobility Therapy Physician
-
Leah Taylor Physician
-
JAMES J OTTING Physician
-
Stacey Miles Physician
-
Christine Klocheska Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$415k
Owner & transaction history
B-lance Group Ltd · 9 yrs held
B-lance Group Ltd
since 2016
6 recorded transactions
Zoning & alternative use
20-C2 · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+113.0%
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%
$2,065,000
6.5%
$1,905,000
7%
$1,770,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$990,000
Current use
RESTAURANT
$2,110,000
Change: +113% · Conversion: Difficult
AUTO REPAIR, GARAGE
$965,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$415k
Range $374k – $457k · ±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
$31 / 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
$48,571
Tax year 2023
Assessed value
$471,590
Assessed 2023
Previous assessed
$471,590
+0.0% YoY
Effective rate
10.30%
On assessed value
Assessed land
$24,360
Assessed improvement
$447,230
Land market value
$69,600
Improvement market value
$1,277,800
Total market value
$1,347,400
Applied tax rate
79.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Heating
NONE
Stories
1
Total area
13,360 SF
Lot
1.3 ac (56,497 SF)
Zoning code
20-C2
APN
79-71308
UPID
US66-6052733
Jurisdiction
LUCAS
Zoning & alternative use
20-C2 · Toledo, OHZoning 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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$990,000
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$965,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2016
Heating
NONE
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
B-lance Group Ltd
Entity
Free & Clear · 9 yrs held
Mailing address
18852 RANGE LINE RD, BOWLING GREEN, OH 43402-6800
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2016
$1,300,000
B-lance Group Ltd
R Leffler Family Ents Ltd
Warranty Deed
—
Nov 4, 2016
—
R Leffler Family Ents Ltd
R Leffler Family Ents Ltd
Quit Claim Deed
related
—
Oct 22, 2015
—
R Leffler Family Ents Ltd
Louisville Title Agcy Of Nw
Grant Deed
—
Dec 3, 2014
$200,000
Louisville Title Agcy Of Nw Ohio Tr
Toledo Radiological Associates
Warranty Deed
—
Aug 11, 2010
—
Toledo Radiological Assocs INC
Port Sylvania Properties Ltd
Quit Claim Deed
related
—
Apr 19, 2007
$271,300
Arbors Of Sylvania Realty Oh LLC
Port Sylvania Properties Ltd
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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