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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Apartment buildings
4425 Talmadge Rd, Toledo, OH 43623-3520
Entity Owned
5-yr Hold
Property ID
US66-0927332
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Total area
16,428 SF
Lot
1.06 ac (46,261 SF)
Zoning code
10-CR
APN
24-02014
UPID
US66-0927332
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
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$790k
Blend (final)
Blend
$660k
Owner & transaction history
Lee Property Group LLC · 5 yrs held
Lee Property Group LLC
since 2020
Last sale
$785,000
7 recorded transactions
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+56.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$495,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$640,000
Current use
COMMERCIAL (GENERAL)
$1,000,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $785k (Jul 16 2020)
Last sale anchor
$785k
Jul 16 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,697
Tax year 2023
Assessed value
$257,845
Assessed 2023
Previous assessed
$257,845
+0.0% YoY
Effective rate
8.80%
On assessed value
Assessed land
$64,470
Assessed improvement
$193,375
Land market value
$184,200
Improvement market value
$552,500
Total market value
$736,700
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Heating
NONE
Stories
2
Units
24
Total area
16,428 SF
Lot
1.06 ac (46,261 SF)
Zoning code
10-CR
APN
24-02014
UPID
US66-0927332
Jurisdiction
LUCAS
Zoning & alternative use
10-CR · Toledo, OH
Zoning 10-CR · permitted uses
10-CR · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
2
Units
24
Lot
1.06 ac
Current owner
From public records · entity-resolved
Lee Property Group LLC
Entity
Mailing address
PO BOX 1131, PERRYSBURG, OH 43552-1131
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Lee Property Group LLC
—
Deed
related
$1,550,000 · The Farmers & Merchants State Bank
Jul 16, 2020
$785,000
Lee Property Group LLC
Lac Leman LLC
Warranty Deed
$571,250 · The Farmers & Merchants State Bank
Jul 22, 2015
—
Lac Leman LLC
Bedi Holdings LLC
Warranty Deed
$600,000 · The Farmers & Merchants State Bank
Jan 31, 2014
—
Bedi Holdings LLC
Prosperity Holding LLC
Quit Claim Deed
related
—
Mar 15, 2012
—
Prosperity Holding LLC
Bedi Holdings LLC
Quit Claim Deed
related
—
May 9, 2011
$500,000
Bedi Holdings LLC
Earnest Investments Ltd
Grant Deed
$375,000 · Directions Cu
Nov 24, 2008
$17,812
Plymouth Park Tax Services LLC
Treasurer Of Lucas County
Tax Deed
—
Sep 3, 2004
—
Earnest Investments Ltd
Lutman Gary E Trust
Quit Claim Deed
related
$550,000 · Charter One Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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