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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
3536 Glendale Ave, Toledo, OH 43614-3454
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-1455630
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Total area
8,000 SF
Lot
0.42 ac (18,338 SF)
Zoning code
10-CO
APN
20-08007
UPID
US66-1455630
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
-
Armstrong Earl DDS Dental Office
-
Armstrong Family Dentistry Dental Office
-
Duchon Stuart DDS Dental Office
-
Zubin Mistry, PHD Physician Medical Clinic
-
Earl Null Armstrong Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$620k
Owner & transaction history
Glendale Prof Building LLC · 19 yrs held
Glendale Prof Building LLC
since 2006
2 recorded transactions
Zoning & alternative use
10-CO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$595,000
+16.9%
Auto repair, garage
$575,000
+13.8%
Neighborhood: shopping center
$565,000
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$505,000
Current use
MEDICAL BUILDING
$595,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$575,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$490,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$415,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$78 / 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
$10,754
Tax year 2023
Assessed value
$114,030
Assessed 2023
Previous assessed
$114,030
+0.0% YoY
Effective rate
9.43%
On assessed value
Assessed land
$6,755
Assessed improvement
$107,275
Land market value
$19,300
Improvement market value
$306,500
Total market value
$325,800
Applied tax rate
20.0000
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
1969
Heating
NONE
Stories
1
Total area
8,000 SF
Lot
0.42 ac (18,338 SF)
Zoning code
10-CO
APN
20-08007
UPID
US66-1455630
Jurisdiction
LUCAS
Zoning & alternative use
10-CO · Toledo, OH
Zoning 10-CO · permitted uses
10-CO · 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
OFFICE BUILDING Current
Est. value
$505,000
MEDICAL BUILDING
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
RETAIL STORES
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$490,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$415,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1969
Heating
NONE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Glendale Prof Building LLC
Entity
Mailing address
3536 GLENDALE AVE STE A, TOLEDO, OH 43614-3408
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2006
—
Glendale Prof Building LLC
Mcmurray J D Living Trust
Quit Claim Deed
related
—
—
—
Glendale Prof Building LLC
—
Deed Of Trust
related
$25,000 · Huntington National Bank
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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