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Property profile & analytics
OFF-MARKET Estimated value $515,000
Specialty properties

3500 Navarre Ave Oregon, OH 43616-3430

11,846 SF 4.55 ac lot Built 1971
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-2605957
Property summary
AI-generated overview

This exceptional 2-acre commercial land parcel, located at 3500 Navarre Avenue in Oregon, Ohio (Lucas County, zip code 43616), presents a prime development opportunity. Zoned C-1 Neighborhood Comm, this property boasts a strategic location between Walker Funeral Home and Midwest Eye Consultants, with convenient proximity to Walmart and Kroger. The land is currently undergoing a survey and lot split process. Permitted uses, as confirmed by the Lucas County Auditor and the City of Oregon, include retail sales and structures under 10,000 square feet primarily serving area residents. Acceptable retail activities encompass drugstores, grocery stores, clothing stores, restaurants, banks, financial institutions, and various retail services. The property's ideal location offers easy access to major transportation arteries, situated 1.37 miles from I-80/90 and 1.42 miles from I-280. The City of Oregon is experiencing significant growth and investment, making this a compelling investment prospect. Note that the Peacebird Sanctuary will be relocated upon sale. For detailed zoning information, contact the City of Oregon at 419.698.7071. The price is $225,000 per acre. APN: 26034, 24029055.

Property profile
Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1971
Total area 11,846 SF
Lot 4.55 ac (198,111 SF)
Zoning code 40-C1
APN 44-26034
UPID US66-2605957
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
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$647k
Blend (final) Blend
$515k
Owner & transaction history
Obed Edom LLC · 1 yrs held
Obed Edom LLC
since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2025
Price N/A
2023
Price N/A
2020
$1.2M
2018
Price N/A
2018
Price N/A
Zoning & alternative use
40-C1 · Oregon, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $750,000 +75.0%
Auto repair, garage $745,000 +74.2%
Industrial (general) $560,000 +30.9%
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