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    Property profile & analytics

    4120 King Rd Sylvania, OH 43560-4484

    • Apartment buildings
    • 130,387 SF
    • 8.50 lot acres
    OFF-MARKET
    Value Estimations
    $7,210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5241552
    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

    • King's Pointe Senior Apartments / Retirement Community

    Property Details for 4120 King Rd

    Year built
    2018
    Lot size
    8.50 lot acres
    Property size
    130,387 SF
    Zone code
    20-R5
    Property type
    Apartment buildings
    APN
    78-24102
    APU
    7824102

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,994,000
      Market price range: $3.07M - $7.99M
      AI Estimate
      $5,704,000
      Market price range: $2.53M - $5.70M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,240,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $10,570,000
      Change: +102% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,545,000
      Change: +82% Conversion: Difficult
      RETAIL STORES
      $9,220,000
      Change: +76% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,415,000
      Change: +61% Conversion: Moderate
      OFFICE BUILDING
      $8,365,000
      Change: +60% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7224
    Latitude
    41.6912
    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
    $331,521
    $78,435
    $3,159,065
    $3,237,500
    -
    $224,100
    $9,025,900
    $9,250,000

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      5575 Silvertown Dr

      APARTMENT HOUSE (5+ UNITS) • 0.11 Acres
      5575 Silvertown Dr, Sylvania, OH 43560
      View Details
    • Value Estimation by Request
      12,384 SF

      6544 Brint Rd

      APARTMENT HOUSE (5+ UNITS) • 12,384 SF
      6544 Brint Rd, Sylvania, OH 43560-3197
      View Details
    • Value Estimation by Request
      7,482 SF

      4136 Newcastle Dr

      APARTMENT HOUSE (5+ UNITS) • 7,482 SF
      4136 Newcastle Dr, Sylvania, OH 43560-3463
      View Details
    • Value Estimation
      $6,795,000
      130,168 SF

      Sylvan Lks Blvd

      APARTMENT HOUSE (5+ UNITS) • 130,168 SF
      Sylvan Lks Blvd, Sylvania, OH 43560
      View Details
    • Value Estimation
      $1,245,000
      14,871 SF

      3859 Sylvan Lks Blvd

      APARTMENT HOUSE (5+ UNITS) • 14,871 SF
      3859 Sylvan Lks Blvd, Sylvania, OH 43560-9570
      View Details
    • Value Estimation by Request
      6,048 SF

      5531 Alexis Rd

      APARTMENT HOUSE (5+ UNITS) • 6,048 SF
      5531 Alexis Rd, Sylvania, OH 43560-2455
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.42 Acres

      Sylvania Industrial Space - 5 Acres

      Spacious Shop, Office, & Parking Available
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      View Details
    • Contact for pricing
      0.21 Acres

      Sylvania Office Suites - Available Now

      Three private suites, perfect for salons or offices. Utilities included.
      6419 Monroe St, Sylvania, OH 43560
      View Details
    • $812,500
      6,500 SF

      Class A Executive Office Space

      Executive office space with wooded views available for rent.
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    • Contact for pricing

      Sylvania Township Land Parcels

      Multiple land parcels available for sale in Sylvania Township.
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    • $228,000
      2,900 SF

      Sylvania Medical Office Condo

      2,900 SF Medical Office - $228K
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    Similar Nearby for Lease

    • Contact for pricing
      98,711 SF

      Monroe St & Alexis Rd

      Retail properties & Spaces • 98,711 SF
      0 Monroe St & Alexis Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Restaurant Space in Sylvania, Ohio

      Restaurant space available immediately at major intersection with ample parking.
      5800 Monroe St, Sylvania, OH 43560
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    • Contact for pricing
      2,382 SF

      Medical Office with Free Rent

      First year free rent for a former dental office.
      4906 N Holland Sylvania Rd, Sylvania, OH 43560
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    • Contact for pricing
      7,700 SF

      Proposed Shopping Center on Monroe

      Proposed 7,700 SF shopping center with high traffic.
      6404 Monroe St, Sylvania, OH 43560
      View Details
    • $18 SF/Yr

      Prime Retail/Office Space Available

      Prominent Sylvania plaza space with high visibility and traffic.
      6363 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      1,222 SF

      Retail Space in Sylvania, OH

      Retail space available for lease in Sylvania, Ohio.
      6600 Sylvania Ave, Sylvania, OH 43560
      View Details
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    4120 King Rd
    Sylvania, OH 43560-4484
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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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