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Property profile & analytics
OFF-MARKET
Estimated value
$4,685,000
Hotels
444 Smt St Toledo, OH 43604-1514
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0089984
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1985
Total area
202,118 SF
Lot
1.5 ac (65,471 SF)
Zoning code
10-CD
APN
14-55949
UPID
US66-0089984
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
-
Renaissance Toledo Downtown Hotel Hotel & Motel
-
The Fountain Garden Center Landscaping
-
The Dinner Detective Murder Mystery Dinner Show - Toledo, OH Restaurant Theater & Performing Art Venue
-
The Heights Restaurant
-
Brim House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$4.69M
Owner & transaction history
First Tdt LLC · 10 yrs held
First Tdt LLC
since 2015
7 recorded transactions
Zoning & alternative use
10-CD · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.7M
+223.2%
Warehouse, storage
$6.3M
+162.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,700,000
Change: +223% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,255,000
Change: +163% · Conversion: Difficult
Blend value · Realmo final
$4.69M
Range $4.22M – $5.15M · ±10%
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
$23 / 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
$583,910
Tax year 2023
Assessed value
$5,687,500
Assessed 2023
Previous assessed
$5,940,830
-4.3% YoY
Effective rate
10.27%
On assessed value
Assessed land
$700,000
Assessed improvement
$4,987,500
Land market value
$2,000,000
Improvement market value
$14,250,000
Total market value
$16,250,000
Applied tax rate
14.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1985
Heating
NONE
Stories
13
Total area
202,118 SF
Lot
1.5 ac (65,471 SF)
Zoning code
10-CD
APN
14-55949
UPID
US66-0089984
Jurisdiction
LUCAS
Zoning & alternative use
10-CD · Toledo, OHZoning 10-CD · permitted uses
10-CD · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
WAREHOUSE, STORAGE
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1985
Heating
NONE
Stories
13
Lot
1.5 ac
Current owner
From public records · entity-resolved
First Tdt LLC
Entity
Mailing address
222 W ADAMS ST STE #400, CHICAGO, IL 60606-5308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Nov 4, 2016
—
First Tdt LLC
—
Deed
related
$13,000,000 · Republic Bk/chicago
Dec 18, 2015
$21,000
First Tdt LLC
Toledo Riverfront Hotel LLC
Grant Deed
$500,000 · Private Individual
Nov 19, 2014
$8,500,000
Toledo Riverfront Hotel LLC
Paradise Hospitality INC
Grant Deed
—
Feb 22, 2011
—
Paradise Hospitality INC
—
Trustees Deed
related
$1,200,000 · Kay N Kim
Mar 8, 2007
$7,500,000
Paradise Hospitality INC
Toledo Hotel Investors
Grant Deed
$4,400,000 · Wilshire Credit Corp
Dec 14, 2006
$925,000
Toledo Hotel Investors
Owens-illinois General INC
Grant Deed
—
—
—
Paradise Hospitality INC
—
Deed Of Trust
related
$5,850,000 · Wilshire State Bank
—
—
First Tdt LLC
—
Deed Of Trust
related
$13,000,000 · Republic Bk/chicago
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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