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Property profile & analytics
FOR SALE
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
3838 Airport Hwy, Toledo, OH 43615-7106 For Sale
Contact for pricing 10,756 SF
3838 Airport Hwy, Toledo, OH 43615-7106
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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
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k
Owner & transaction history
The Forensic Pathologists LLC · 1 yrs held
The Forensic Pathologists LLC
since 2024
Last sale
$260,000
4 recorded transactions
2025
Price N/A
2024
$260,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Microsoft Word - TMZC 2024-04-24
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