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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    347 Reynolds Rd Toledo, OH 43615-6953

    • Auto shops
    • 9,004 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2406868
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Infinite Vapor USA / Vaporizer Store
    • Making A Difference CCC / Day Care Center

    Property Details for 347 Reynolds Rd

    Year built
    1978
    Lot size
    0.73 lot acres
    Property size
    9,004 SF
    Zone code
    10-CR
    Property type
    Auto shops
    APN
    20-14734
    APU
    2014734

    Description

    This exceptional commercial investment opportunity presents a 9,050 square foot retail building situated at 347-357 South Reynolds Road in Toledo, Ohio (zip code 43615). Currently housing an auto shop and daycare/nursery, the property boasts 100% occupancy and offers significant upside potential due to below-market rents. The building enjoys excellent visibility with 266 feet of frontage on South Reynolds Road, a major retail corridor experiencing high traffic counts of 16,275 vehicles per day. The strong demographics are further supported by a population of 188,539 within a 5-mile radius. This compelling offering is enhanced by the inclusion of three adjacent vacant residential-zoned land parcels totaling 0.37 acres (120' x 133') on Aubin Drive, presenting additional development possibilities. The asking price for this entire package is $550,000, translating to $60.77 per square foot. This property represents a rare chance to acquire a well-located, multi-tenant retail building with significant growth potential and added land value in a thriving Toledo market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $258,000
      Market price range: $259k - $1.04M
      AI Estimate
      $318,000
      Market price range: $318k - $990k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6641
    Latitude
    41.6335
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,263
    $27,895
    $27,370
    $55,265
    -
    $79,700
    $78,200
    $157,900

    Comparable in this City

    • Value Estimation
      $370,000
      4,000 SF

      1205 Reynolds Rd

      AUTO REPAIR, GARAGE • 4,000 SF
      1205 Reynolds Rd, Toledo, OH 43615-6909
      View Details
    • Value Estimation
      $555,000
      0.16 Acres

      3312 Holland Sylvania Rd

      AUTO REPAIR, GARAGE • 0.16 Acres
      3312 Holland Sylvania Rd, Toledo, OH 43615-1410
      View Details
    • Value Estimation
      $275,000
      5,960 SF

      5257 Renwyck Dr

      AUTO REPAIR, GARAGE • 5,960 SF
      5257 Renwyck Dr, Toledo, OH 43615-5923
      View Details
    • Value Estimation
      $220,000
      4,886 SF

      5247 Renwyck Dr

      AUTO REPAIR, GARAGE • 4,886 SF
      5247 Renwyck Dr, Toledo, OH 43615
      View Details
    • Value Estimation
      $215,000
      3,600 SF

      5615 Angola Rd

      AUTO REPAIR, GARAGE • 3,600 SF
      5615 Angola Rd, Toledo, OH 43615-6321
      View Details
    • Value Estimation
      $260,000
      2,496 SF

      5875 Angola Rd

      AUTO REPAIR, GARAGE • 2,496 SF
      5875 Angola Rd, Toledo, OH 43615-6317
      View Details

    Similar Nearby for Sale

    • $1,500,000
      40,000 SF

      Toledo Auto Shop Complex - $1.5M

      Multi-tenant retail/warehouse, high traffic location.
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      View Details
    • $600,000
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      NNN Leased Investment Property

      NNN leased investment property in Toledo, OH with 15-year lease.
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      Self-Service Car Wash For Sale

      Operating car wash with self-service and automatic bays.
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    • $4,860,000
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      Established Car Wash Investment Property

      NNN leased car wash with corporate guarantee and annual increases.
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    • $190,000
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      Established Car Wash on Reynolds

      Operating car wash with conversion potential on a busy road.
      616 N Reynolds Rd, Toledo, OH 43615
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    • Contact for pricing
      8,308 SF

      Airport Highway Restaurant - Toledo

      Freestanding Restaurant, High Traffic Area
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    Similar Nearby for Lease

    • $5 SF/Yr
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      Airport Square Shopping Center

      Toledo Retail Center - High Traffic Area
      5225 Airport Hwy, Toledo, OH 43615
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    • $5 SF/Yr
      25,000 SF

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      Retail space with excellent frontage and ample parking.
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    • $12 SF/Yr
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      Retail Space with High Visibility

      Retail space with excellent frontage and ample parking.
      5325 Airport Hwy, Toledo, OH 43615
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    • Contact for pricing
      18,151 SF

      Ottawa Hills Place: Retail & Office Space

      Toledo's Premier Boutique Retail & Office Opportunity
      4334 Central Ave, Toledo, OH 43615
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    • Contact for pricing
      8,000 SF

      Retail Space in Toledo, OH

      Retail property with convenient access and high student population nearby.
      1254-1320 S Holland Sylvania Rd, Toledo, OH 43615
      View Details
    • Contact for pricing
      6,600 SF

      Retail Space in Toledo, OH

      Retail space available in Springfield Commons shopping center.
      1120 S Holland Sylvania Rd, Toledo, OH 43615
      View Details
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    347 Reynolds Rd
    Toledo, OH 43615-6953
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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