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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    45 Hillwyck Dr Toledo, OH 43615-5813

    • Office buildings
    • 4,200 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0258871
    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

    • Office buildings

    Property Details for 45 Hillwyck Dr

    Year built
    1977
    Lot size
    0.46 lot acres
    Property size
    4,200 SF
    Zone code
    10-CR
    Property type
    Office buildings
    APN
    13-21821
    APU
    1321821

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $183,000
      Market price range: $120k - $338k
      AI Estimate
      $268,000
      Market price range: $149k - $507k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $225,000
      Current use
      RETAIL STORES
      $345,000
      Change: +53% Conversion: Moderate
      MEDICAL BUILDING
      $310,000
      Change: +38% Conversion: Easy
      AUTO REPAIR, GARAGE
      $305,000
      Change: +35% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $295,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $255,000
      Change: +14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6659
    Latitude
    41.6373
    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
    $5,584
    $3,815
    $51,415
    $55,230
    -
    $10,900
    $146,900
    $157,800

    Comparable in this City

    • Value Estimation
      $265,000
      0.17 Acres

      3147 Warner Ave

      OFFICE BUILDING • 0.17 Acres
      3147 Warner Ave, Toledo, OH 43615-1347
      View Details
    • Value Estimation
      $340,000
      10,280 SF

      4665 Bancroft St

      OFFICE BUILDING • 10,280 SF
      4665 Bancroft St, Toledo, OH 43615-3945
      View Details
    • Value Estimation
      $310,000
      8,400 SF

      3178 Republic Blvd

      OFFICE BUILDING • 8,400 SF
      3178 Republic Blvd, Toledo, OH 43615-1509
      View Details
    • Value Estimation
      $430,000
      18,032 SF

      3171 Republic Blvd

      OFFICE BUILDING • 18,032 SF
      3171 Republic Blvd, Toledo, OH 43615-1525
      View Details
    • Value Estimation
      $405,000
      14,000 SF

      2656 Reynolds Rd

      OFFICE BUILDING • 14,000 SF
      2656 Reynolds Rd, Toledo, OH 43615
      View Details
    • Value Estimation
      $305,000
      7,200 SF

      350 Reynolds Rd

      OFFICE BUILDING • 7,200 SF
      350 Reynolds Rd, Toledo, OH 43615-5995
      View Details

    Similar Nearby for Sale

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      7,378 SF

      Office Building and Land For Sale

      Office building and vacant land near Reynolds and Airport Highway.
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      View Details
    • Contact for pricing
      8,308 SF

      Airport Highway Restaurant - Toledo

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    • $175,000

      Spacious Home with Cozy Fireplace

      Stylish 2 BR home with fireplace, loft, and large deck.
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    • $3,490,000
      35,850 SF

      Toledo Retail Center For Sale

      Service-oriented retail center with long-term tenants and upside potential.
      503-529 S Reynolds Rd, Toledo, OH 43615
      View Details
    • $425,000

      Commercial Land in Toledo, Ohio

      Land with utilities in Springfield Local School District.
      6309-6323 W Bancroft St, Toledo, OH 43615
      View Details
    • $52,000

      Well-Maintained Mobile Home in Toledo

      Cozy mobile home in a 55+ community with modern updates.
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    Similar Nearby for Lease

    • $10 SF/Yr
      7,600 SF

      Toledo Office Building - West Toledo

      Prime West Toledo Office Space - Multiple Suites Available
      1811 Reynolds Rd, Toledo, OH 43615
      View Details
    • $8 SF/Yr
      25,220 SF

      Prime Toledo Executive Office Space

      Spacious Office Building, Ample Parking
      2151 Mccord Rd, Toledo, OH 43615
      View Details
    • $6,696 /Mo
      34,944 SF

      Toledo Office Space for Lease

      Prime Toledo Office, 1,068 SF Max
      4334 Central Ave, Toledo, OH 43615
      View Details
    • $12 SF/Yr
      18,032 SF

      Toledo Executive Office & Warehouse Space

      Prime Toledo location, flexible suites available
      3171 Republic Blvd, Toledo, OH 43615
      View Details
    • Contact for pricing
      18,151 SF

      Ottawa Hills Place: Retail & Office Space

      Toledo's Premier Boutique Retail & Office Opportunity
      4334 Central Ave, Toledo, OH 43615
      View Details
    • $14 SF/Yr
      2,184 SF

      Office Space on Airport Highway

      Prime office space for lease in Toledo, Ohio.
      5577 Airport Hwy, Toledo, OH 43615
      View Details
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    45 Hillwyck Dr
    Toledo, OH 43615-5813
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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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