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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4032 Gdn Ests Dr Toledo, OH 43623-3450

    • Apartment buildings
    • 12,952 SF
    • 0.64 lot acres
    OFF-MARKET
    Last Sale
    Oct 16, 2024
    $1,800,000
    Value Estimations
    $1,770,000
    Show details
    Cap Rate Potential
    6.1%
    Apartment buildings
    Location Intelligence
    Property ID
    US66-2252768
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 4032 Gdn Ests Dr

    Year built
    1965
    Lot size
    0.64 lot acres
    Property size
    12,952 SF
    Zone code
    10-MX
    Property type
    Apartment buildings
    APN
    24-20291
    APU
    2420291

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,800,000
      ML approach
      $1,800,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,820,000
      6.5%
      $1,680,000
      7%
      $1,560,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,045,000
      RETAIL STORES
      $1,895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6461
    Latitude
    41.6923
    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
    $12,841
    $57,995
    $189,805
    $247,800
    -
    $165,700
    $542,300
    $708,000

    Comparable in this City

    • Value Estimation
      $705,000
      243,247 SF

      4220 Holland Sylvania Rd

      APARTMENT HOUSE (5+ UNITS) • 243,247 SF
      4220 Holland Sylvania Rd, Toledo, OH 43623-2577
      View Details
    • Value Estimation
      $575,000
      120,758 SF

      5346 Monroe St

      APARTMENT HOUSE (5+ UNITS) • 120,758 SF
      5346 Monroe St, Toledo, OH 43623-2887
      View Details
    • Value Estimation
      $2,825,000
      12,939 SF

      5131 Secor Rd

      APARTMENT HOUSE (5+ UNITS) • 12,939 SF
      5131 Secor Rd, Toledo, OH 43623-2387
      View Details
    • Value Estimation
      $405,000
      4,116 SF

      4783 Violet Rd

      APARTMENT HOUSE (5+ UNITS) • 4,116 SF
      4783 Violet Rd, Toledo, OH 43623-5310
      View Details
    • Value Estimation
      $245,000
      0.38 Acres

      5728 Woods Ave

      APARTMENT HOUSE (5+ UNITS) • 0.38 Acres
      5728 Woods Ave, Toledo, OH 43623
      View Details
    • Value Estimation
      $225,000
      0.98 Acres

      3361 Alexis Rd

      APARTMENT HOUSE (5+ UNITS) • 0.98 Acres
      3361 Alexis Rd, Toledo, OH 43623
      View Details

    Similar Nearby for Sale

    • $164,900

      Refreshed Condominium with Many Updates

      3 bed, 2.5 bath condominium with finished basement and patio.
      4420 Rose Garden Dr, Toledo, OH 43623
      View Details
    • $185,000

      Four-Unit Multifamily Investment Opportunity

      Four-unit complex in Washington Local School District, all units leased.
      3456 W Alexis Rd, Toledo, OH 43623
      View Details
    • $385,000
      13,214 SF

      Secor Road Office Building For Sale

      Toledo Office Space - 13,214 SF
      4428 Secor Rd, Toledo, OH 43623
      View Details
    • Contact for pricing
      27,848 SF

      Office Building with Flexible Layouts

      Office building with convenient access, parking, and adaptable floor plans.
      4210 W Sylvania Ave, Toledo, OH 43623
      View Details
    • Contact for pricing
      3,972 SF

      Restaurant with Drive-Thru For Sale

      Fully equipped restaurant with drive-thru, ample parking, and high visibility.
      5395 Monroe St, Toledo, OH 43623
      View Details
    • Contact for pricing
      5,141 SF

      Existing Drive-Through Restaurant For Sale

      Restaurant property with existing drive-through and corporate store.
      4050 Talmadge Rd, Toledo, OH 43623
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      215 SF

      Single Office Space Available

      Single office space available for lease.
      5151 Monroe St, Toledo, OH 43623
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly visited shopping center.
      5215 Monroe St, Toledo, OH 43623
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on W Alexis

      Retail space available with strong visibility on a corner lot.
      4304 W Alexis Rd, Toledo, OH 43623
      View Details
    • $3,500 /Mo
      4,080 SF

      Retail Space in West Toledo

      Retail space in established west Toledo corridor with high visibility.
      5401 Monroe St, Toledo, OH 43623
      View Details
    • $15 SF/Yr
      20,480 SF

      Toledo Medical Office Building For Lease

      Prime Medical Office Space Available in Toledo, OH
      3949 Sunforest Ct, Toledo, OH 43623
      View Details
    • Contact for pricing
      543,378 SF

      Toledo Retail Center Investment

      High-Traffic Shopping Center in Toledo, OH
      5213 Monroe St, Toledo, OH 43623
      View Details
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    Toledo, OH 43623-3450
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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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