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    3555 Navarre Ave Oregon, OH 43616

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    3555 Navarre Ave Oregon, OH 43616

    View on Map
    • Strip malls
    • 35,568 SF
    • 7.27 lot acres
    For Lease
    $2,510,000
    View Listing →
    Retail Space in High-Growth Area For Lease
    $2,510,000

    Retail Space in High-Growth Area

    Retail space available in a high-visibility, high-traffic location.

    3555 Navarre Ave, Oregon, OH 43616
    View Listing
    Property ID
    US66-2745803
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 3555 Navarre Ave

    Year built
    2006
    Lot size
    7.27 lot acres
    Property size
    35,568 SF
    Zone code
    40-MX
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    44-19637
    APU
    4419637

    Description

    Navarre Center 1, a 35,000 square foot multi-tenant retail strip center, presents a unique investment opportunity in Lucas County's ET/Oregon/Nwood submarket. Built in 2005 and zoned C-5, this property sits on a 7.27-acre lot and enjoys a highly visible location on Navarre Avenue, experiencing 26,521 vehicles per day. Currently, one 3,250 square foot space is available for lease. The center boasts a strong tenant mix including established businesses such as Buffalo Wild Wings, DentalWorks, Tan Pro, Great Clips, GameStop, Sally Beauty Supply, and Woodville Rental. Retail spaces feature 74-foot deep bays. The property offers ample on-site parking for tenants and customers, along with prominent pylon and facade signage opportunities. Rear delivery access is also available. This location benefits from its proximity to a Walmart Supercenter and major transportation arteries. The property's strategic location within a high-growth area makes it an ideal choice for businesses seeking high visibility and strong foot traffic. While specific renovation details are not available, the property is well-maintained and positioned for continued success. Flexible lease terms are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,356,000
      Market price range: $1.02M - $3.76M
      AI Estimate
      $1,813,000
      Market price range: $712k - $2.35M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,510,000
      Current use
      MEDICAL BUILDING
      $2,635,000
      Change: +5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,565,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $2,310,000
      Change: -8% Conversion: Easy
      OFFICE BUILDING
      $2,255,000
      Change: -10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,170,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oregon
    County
    Lucas
    State
    Ohio
    Longitude
    -83.4623
    Latitude
    41.6387
    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
    $61,485
    $182,980
    $541,485
    $724,465
    -
    $522,800
    $1,547,100
    $2,069,900

    Comparable in this City

    • Value Estimation
      $4,100,000
      28,809 SF

      3316 Navarre Ave

      SHOPPING CENTER, STRIP CENTER • 28,809 SF
      3316 Navarre Ave, Oregon, OH 43616-3301
      View Details
    • Value Estimation by Request
      9,200 SF

      2175 Woodville Rd

      SHOPPING CENTER, STRIP CENTER • 9,200 SF
      2175 Woodville Rd, Oregon, OH 43616-3644
      View Details
    • Value Estimation
      $4,670,000
      7,096 SF

      2963 Navarre Ave

      SHOPPING CENTER, STRIP CENTER • 7,096 SF
      2963 Navarre Ave, Oregon, OH 43616-3305
      View Details
    • Value Estimation
      $890,000
      10,929 SF

      841 Ansonia St

      SHOPPING CENTER, STRIP CENTER • 10,929 SF
      841 Ansonia St, Oregon, OH 43616
      View Details
    • Value Estimation
      $610,000
      18,850 SF

      3150 Navarre Ave

      SHOPPING CENTER, STRIP CENTER • 18,850 SF
      3150 Navarre Ave, Oregon, OH 43616-3394
      View Details
    • Value Estimation
      $810,000
      28,790 SF

      406 Wheeling St

      SHOPPING CENTER, STRIP CENTER • 28,790 SF
      406 Wheeling St, Oregon, OH 43616-2739
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Oregon Development Site Opportunity

      16.25 acre development site ideal for mixed-use.
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    • $1,795,000
      16,861 SF

      Navarre Avenue Investment Opportunity

      Retail, storage, and parking property on high-traffic Navarre Avenue.
      2701 Navarre Ave, Oregon, OH 43616
      View Details
    • $853,300
      24 SF

      24.38 Acres of Land

      24.38 acres in Oregon, OH, ideal for development.
      Corduroy Rd. At Blue Heron Dr, Oregon, OH 43616
      View Details
    • $475,000

      42 Acres Industrial Land Available

      42 acres of industrial land with rail access.
      900 Stadium Rd, Oregon, OH 43616
      View Details
    • Contact for pricing
      4,620 SF

      Office Building For Sale

      Office building with 4620 square feet available for sale.
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,295 SF

      Retail Space in Navarre Crossing

      Inline retail space available in busy Oregon shopping center.
      2963 Navarre Ave, Oregon, OH 43616
      View Details
    • Contact for pricing

      Retail Space in High-Growth Area

      Retail space available in a high-visibility, high-traffic location.
      3555 Navarre Ave, Oregon, OH 43616
      View Details
    • Contact for pricing

      Retail Space on Navarre Avenue

      Retail space available on a major retail corridor.
      3165 Navarre Ave, Oregon, OH 43616
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail property available for lease in Oregon, Ohio.
      2830 Navarre Ave, Oregon, OH 43616
      View Details
    • Contact for pricing

      Redevelopment Opportunity on Corner Lot

      4.25 acre corner lot with excellent visibility and exposure.
      2195 Navarre Ave, Oregon, OH 43616
      View Details
    • Contact for pricing
      2,240 SF

      Retail Space in Oregon Town Center

      Retail space available in Oregon Town Center development.
      2830 Navarre Ave, Oregon, OH 43616
      View Details
    View Listing
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    3555 Navarre Ave
    Oregon, OH 43616
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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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