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    Property profile & analytics
    OFF-MARKET Estimated value $4,725,000
    Retail properties & Spaces

    3311 Secor Rd, Toledo, OH 43606-1518

    142,560 SF 7.43 ac lot Built 1961
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US66-3135313
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.55M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.00M
    Blend (final) Blend
    $4.73M
    Owner & transaction history
    Niki Toledo LP · 3 yrs held
    Niki Toledo LP
    since 2023
    Last sale
    $4.4M
    6 recorded transactions
    2023
    2019
    2018
    2016
    $4.4M
    2013
    $3.3M
    1969
    Zoning & alternative use
    10-CR · Toledo, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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