Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4460 Alexis Rd Toledo, OH 43623-1200

    • Commercial real estate
    • 286 SF
    • 3.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2769237
    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

    • Commercial real estate

    Property Details for 4460 Alexis Rd

    Year built
    2015
    Lot size
    3.34 lot acres
    Property size
    286 SF
    Zone code
    20-MX
    Property type
    Commercial real estate
    APN
    78-05611
    APU
    7805611

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6505
    Latitude
    41.7213
    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
    $3,070
    $25,025
    $4,445
    $29,470
    -
    $71,500
    $12,700
    $84,200

    Comparable in this City

    • Value Estimation by Request

      3535 Sylvania Ave

      COMMERCIAL (GENERAL)
      3535 Sylvania Ave, Toledo, OH 43623-4410
      View Details
    • Value Estimation
      $560,000
      4,108 SF

      4121 Laskey Rd

      COMMERCIAL (GENERAL) • 4,108 SF
      4121 Laskey Rd, Toledo, OH 43623-3757
      View Details
    • Value Estimation
      $630,000
      27,530 SF

      4455 Secor Rd

      COMMERCIAL (GENERAL) • 27,530 SF
      4455 Secor Rd, Toledo, OH 43623-4239
      View Details
    • Value Estimation by Request
      7.04 Acres

      4100 Harvest Ln

      COMMERCIAL (GENERAL) • 7.04 Acres
      4100 Harvest Ln, Toledo, OH 43623-4312
      View Details
    • Value Estimation by Request
      960 SF

      5817 Donnelly Rd

      COMMERCIAL (GENERAL) • 960 SF
      5817 Donnelly Rd, Toledo, OH 43623
      View Details
    • Value Estimation by Request
      38.00 Acres

      3535 Sylvania Ave

      COMMERCIAL (GENERAL) • 38.00 Acres
      3535 Sylvania Ave, Toledo, OH 43623-4410
      View Details

    Similar Nearby for Sale

    • $149,900
      0.42 Acres

      Toledo Executive Office Land

      Prime Sylvania Twp. office land, wooded cul-de-sac.
      5901 Renaissance Pl, 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
    • 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
    • $149,900

      Sylvania Township Vacant Land

      Vacant land in Sylvania Township, perfect for office building.
      5901 Renaissance Pl, 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

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Toledo Retail Space: Alexis Rd.

      6,000 SF Retail Space - High Visibility
      4250 Alexis Rd, Toledo, OH 43623
      View Details
    • $8 SF/Yr
      28,500 SF

      Secor Road Flex Space Investment

      Toledo Industrial Property: Multiple Suites Available
      5333 Secor Rd, Toledo, OH 43623
      View Details
    • $715 /Mo
      1,000 SF

      Renovated Flex Space For Rent

      Recently renovated flex space with easy highway access and ample parking.
      5241 Secor Rd, Toledo, OH 43623
      View Details
    • Contact for pricing
      8,784 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly visited shopping center.
      5329 Monroe St, Toledo, OH 43623
      View Details
    • $9 SF/Yr
      77,400 SF

      Toledo Office Space For Lease

      Versatile office suites, various sizes.
      5151 Monroe St, Sylvania, OH 43623
      View Details
    • $7 SF/Yr
      6,249 SF

      Toledo Office Space for Lease

      Flexible Workspace Solutions in Ohio
      3950 Sunforest Ct, Toledo, OH 43623
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4460 Alexis Rd
    Toledo, OH 43623-1200
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.