Property profile

3311 Secor Rd Toledo, OH 43606

OFF-MARKET
Retail properties & Spaces
Property ID
US66-3135313
142,560 SF 7.43 ac lot Built 1961
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 61,340 square foot retail space presents a unique redevelopment opportunity in Lucas County. Located at the southeast corner of Center Avenue and Secor Road, this property boasts a prime location within a thriving trade area encompassing over 250,000 residents and drawing from multiple surrounding counties. Previously occupied by an Elder-Beerman department store, this single-tenant building is currently vacant and ready for immediate redevelopment. Construction is planned for 2019. The property is zoned CR Regional, offering flexibility for a variety of retail or restaurant uses. Its strategic location benefits from the proximity to the University of Toledo, with its substantial student population of 18,000 undergraduates and 4,200 graduate students situated just south of the shopping center. This presents a significant opportunity to tap into a large and diverse consumer base. The sheer size of the building offers considerable potential for a flagship store or a multi-faceted retail development. This is an unparalleled chance to establish a prominent presence in a high-traffic area with strong demographics and significant growth potential. Inquire today to learn more about this exciting redevelopment project.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1961
Total area 142,560 SF
Lot 7.43 ac (323,477 SF)
Zoning code 10-CR
APN 22-16648
UPID US66-3135313

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3311 Secor Rd Toledo, OH 43606-1518
Toledo metro Census 7700 TOLEDO, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.00M
Blend (final) Blend
$4.96M

Owner & transaction history

since 2023
Last sale
$4.4M
6 recorded transactions
2023
Price N/A
2019
Price N/A
2018
Price N/A
2016
$4.4M
2013
$3.3M
1969
Price N/A

Zoning & alternative use

10-CR · Toledo, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 3311 Secor Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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