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Property profile & analytics
FOR SALE
Strip malls

4208 Airport Hwy Toledo, OH 43615

24,520 SF 1.89 ac lot Built 1982
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-6260742
Property summary
AI-generated overview

This exceptional 24,520 square foot retail strip center, built in 1982, is strategically located at the intersection of Airport Highway and Wenz Road in Toledo, Ohio (zip code 43615). The property boasts a prominent position, directly across from Swan Creek Metropark and surrounded by a substantial residential population including numerous apartment complexes and single-family homes. The center features a single building with ample parking for 100 vehicles, ensuring convenient access for customers and employees. Currently, there are multiple vacancies totaling 13,684 square feet, presenting a significant opportunity for expansion or new tenancy. The zoning designation is 10-CN. The property's address is 4208 Airport Highway, Toledo, OH. This well-maintained property offers a strong foundation for a variety of retail businesses, benefiting from its high visibility and proximity to a dense residential area and recreational amenities. The property's parcel number (APN) is 0238771. The substantial available space presents a unique opportunity for businesses seeking a prime location in a thriving Toledo neighborhood. This is an excellent investment opportunity for those seeking a well-located retail property with significant potential for growth.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1982
Total area 24,520 SF
Lot 1.89 ac (82,507 SF)
Zoning code 10-CN
APN 02-38771
UPID US66-6260742
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
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$940k
Owner & transaction history
Next Level Re3 LLC · 3 yrs held
Next Level Re3 LLC
since 2022
Last sale
$813,800
6 recorded transactions
2022
$813,800
2020
$730,000
2015
Price N/A
2013
Price N/A
2006
$750,000
1969
Price N/A
Zoning & alternative use
10-CN · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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