4701 Talmadge Rd Toledo, OH 43623-3008
Property Lookup
Property profile & analytics
4701 Talmadge Rd Toledo, OH 43623-3008
- Strip malls
- 59,546 SF
- 7.16 lot acres
Property ID
US66-3983458
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.
Location Intelligence
Current Use by Public Records
- Great Clips / Hair Salon
- Relax Zone / Alternative Medicine Practice / Spa & Massage Center
- Foxi Nail Spa / Nail Salon
- HomeBuys - Talmadge Rd / Department Store
- Lakewood Flower Market / Garden Center
Property Details for 4701 Talmadge Rd
- Year built
- 1984
- Lot size
- 7.16 lot acres
- Property size
- 59,546 SF
- Zone code
- 10-CRSO
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 24-00303
- APU
- 2400303
Description
This exceptional investment opportunity presents a 61,139-square-foot, 95% occupied retail shopping center in Toledo, Ohio. Located at 4701 Talmadge Rd, this two-story, single-building property boasts nine tenants operating under triple-net (NNN) leases, offering a strong, diversified income stream. The property, built in 1984 and renovated in 2022, sits on a 7.16-acre lot and benefits from a prime location adjacent to Franklin Park Mall, a major regional shopping center. The property enjoys excellent visibility and accessibility, situated at the corner of Talmadge Avenue and Monroe Street, two high-traffic roads providing easy access to Interstates 475 and US-23. The area features a robust retail market with over 17.8 million square feet of retail space within a five-mile radius and a significant healthcare market, with several major hospitals nearby. The University of Toledo, with over 13,950 students, is also within a short distance. The current asking price is $5,500,000, representing a compelling cap rate of 8.04% and a price per square foot of $89.96. The property's strong occupancy rate, long-term leases (with 81.5% of tenancy leased through 2030 and beyond), and strategic location make it an attractive investment for discerning buyers. The property's Net Operating Income (NOI) is $442,170. Lease terms and rent bumps are available upon request. The property is zoned for commercial use and is offered fee simple. This is a value-add investment opportunity with significant potential for future growth.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,532,000
Market price range: $1.71M - $6.29M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $4,200,000 Current use
- MEDICAL BUILDING
- $4,410,000 Change: +5% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,295,000 Change: +2% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,630,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6465
- Latitude
- 41.7019
- 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
$93,328
$335,160
$719,355
$1,054,515
-
$957,600
$2,055,300
$3,012,900
