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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Specialty properties
3815 Sylvania Ave, Toledo, OH 43623-4424
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1704058
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1962
Total area
13,656 SF
Lot
2.23 ac (97,139 SF)
Zoning code
10-MX
APN
22-16737
UPID
US66-1704058
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
-
Foth-Dorfmeyer Mortuary Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Lucas County Board Of Commissioners · 2 yrs held
Lucas County Board Of Commissioners
since 2024
Last sale
$850,000
2 recorded transactions
Zoning & alternative use
10-MX · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+177.9%
Restaurant
$1.2M
+157.5%
Auto repair, garage
$1.2M
+149.5%
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,340,000
Change: +178% · Conversion: Difficult
RESTAURANT
$1,240,000
Change: +157% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,200,000
Change: +150% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,105,000
Change: +130% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Mar 18 2024)
Last sale anchor
$850k
Mar 18 2024
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
$62 / 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
$21,858
Tax year 2023
Assessed value
$215,915
Assessed 2023
Previous assessed
$215,915
+0.0% YoY
Effective rate
10.12%
On assessed value
Assessed land
$149,940
Assessed improvement
$65,975
Land market value
$428,400
Improvement market value
$188,500
Total market value
$616,900
Applied tax rate
22.0000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1962
Heating
NONE
Stories
2
Total area
13,656 SF
Lot
2.23 ac (97,139 SF)
Zoning code
10-MX
APN
22-16737
UPID
US66-1704058
Jurisdiction
LUCAS
Zoning & alternative use
10-MX · Toledo, OH
Zoning 10-MX · permitted uses
10-MX · 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
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$680,000
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1962
Heating
NONE
Stories
2
Lot
2.23 ac
Current owner
From public records · entity-resolved
Lucas County Board Of Commissioners
Entity
Free & Clear · 2 yrs held
Mailing address
1 GOVERNMENT CTR STE #800, TOLEDO, OH 43604-2259
Ownership since
2024
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
Mar 18, 2024
—
Lucas County Board Of Commissioners
Lucas County Economic Development C
Quit Claim Deed
related
—
Dec 5, 2023
$850,000
Lucas County Economic Development C
Foth Dorfmeyer Mortuary INC
Warranty Deed
—
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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