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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
3443 Secor Rd Toledo, OH 43606-1543
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-1940682
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
4,900 SF
Lot
0.39 ac (16,771 SF)
Zoning code
10-CR
APN
22-16616
UPID
US66-1940682
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
-
MELON SPA Alternative Medicine Practice Spa & Massage Center
-
BeatleJuice Smoke Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
YG Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$525k
Blend (final)
Blend
$550k
Owner & transaction history
Kit Ents LLC · 10 yrs held
Kit Ents LLC
since 2016
3 recorded transactions
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$365,000
+16.9%
Auto repair, garage
$355,000
+13.8%
Neighborhood: shopping center
$345,000
+11.3%
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
$340,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$365,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$355,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$345,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$112 / 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
$18,975
Tax year 2023
Assessed value
$197,015
Assessed 2023
Previous assessed
$197,015
+0.0% YoY
Effective rate
9.63%
On assessed value
Assessed land
$30,695
Assessed improvement
$166,320
Land market value
$87,700
Improvement market value
$475,200
Total market value
$562,900
Applied tax rate
22.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
4,900 SF
Lot
0.39 ac (16,771 SF)
Zoning code
10-CR
APN
22-16616
UPID
US66-1940682
Jurisdiction
LUCAS
Zoning & alternative use
10-CR · Toledo, OH
Zoning 10-CR · permitted uses
10-CR · 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
MEDICAL BUILDING
Est. value
$365,000
AUTO REPAIR, GARAGE
Est. value
$355,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$345,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Kit Ents LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1705 W LASKEY RD, TOLEDO, OH 43613-3523
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2018
—
Kit Enterprises LLC
—
Deed
related
$640,000 · First Federal Bank Of The Midwest
Apr 13, 2016
$537,500
Kit Ents LLC
Galani Properties LLC
Warranty Deed
—
Feb 4, 2015
$400,000
Galani Properties LLC
Galani Prafulla J Trust
Warranty Deed
$400,000 · Galani Prafulla J Trust (lt)
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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