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    Specialty properties

    3838 Airport Hwy, Toledo, OH 43615-7106

    10,756 SF 2.93 ac lot Built 1979
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US66-2469199
    Property summary
    AI-generated overview

    This well-established, full-service funeral home, operating since 1979, presents a unique investment opportunity in Toledo, Ohio. The property encompasses 10,756 square feet situated on a generous 2.90-acre lot, providing ample parking for over 100 vehicles. Included in the sale is an adjacent 0.89-acre vacant lot (Parcel #20-02058) located at the northeast corner of the property, offering significant expansion or redevelopment potential. The main building features a 1,500 square foot, three-bedroom, two-bathroom apartment on the second floor. The property's prime location offers convenient access to major transportation arteries, including proximity to the University of Toledo Medical College (approximately one mile), I-475 (three miles), and the Ohio Turnpike 80/90 (four miles). Given its size and location, the property presents diverse redevelopment possibilities, including but not limited to: storage facilities, fitness centers, religious assembly spaces, event venues (weddings, etc.), or adult daycare centers. The asking price is $495,000, translating to $46.02 per square foot. This represents a compelling opportunity for investors seeking a versatile property with strong potential for future growth and diverse income streams. The property is located at 3838 Airport Hwy, Toledo, OH 43615.

    Property profile
    Verified
    Property type Specialty properties
    Use group FUNERAL HOME
    Year built 1979
    Total area 10,756 SF
    Lot 2.93 ac (127,631 SF)
    Zoning code 10-CR
    APN 20-02050
    UPID US66-2469199
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    The Forensic Pathologists LLC · 1 yrs held
    The Forensic Pathologists LLC
    since 2024
    Last sale
    $260,000
    4 recorded transactions
    2025
    2024
    $260,000
    1969
    1969
    Zoning & alternative use
    10-CR · Toledo, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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