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347 Reynolds Rd Toledo, OH 43615-6953

OFF-MARKET Auto shops Google Maps
9,004 SF 0.73 ac lot Built 1978
Entity Owned 10-yr Hold Free & Clear
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID US66-2406868

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1978
Total area 9,004 SF
Lot 0.73 ac (31,582 SF)
Zoning code 10-CR
APN 20-14734
UPID US66-2406868

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Daycare Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2015
3 recorded transactions
2025
Price N/A
2019
Price N/A
2015
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
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