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Property profile & analytics
FOR LEASE
Strip malls

4900 N Mccord Rd Sylvania, OH 43560

28,500 SF 2.8 ac lot Built 1975
Individually Owned 13-yr Hold ~ Est. High Equity
Property ID
US66-0164008
Property summary
AI-generated overview

This exceptional retail opportunity in Sylvania, Ohio, presents 5,000 to 10,000 square feet of space within a thriving neighborhood center at 4900 N. McCord Road. The property, built in 1975, boasts a total of 28,500 square feet on a 3.75-acre lot and is zoned Planned Development, B-2 (General Business District) in Lucas County. Recent improvements include updated facades, ensuring a modern and attractive storefront. Ample parking is available for customers and employees. The center enjoys high occupancy rates, with established tenants including the Ohio Bureau of Motor Vehicles, Sylvania License Bureau, Allstate Insurance, Zane's Lebanese Grill, and Sylvan Pantry. This prime location along a major commuter route serves Sylvania's growing population, with a strong demographic profile: 47,986 people reside within a three-mile radius, exhibiting a median household income of $105,314. The proximity to Lourdes University further enhances the area's appeal and potential customer base. This property offers a unique chance to establish or expand a business in a vibrant and well-established commercial center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Total area 28,500 SF
Lot 2.8 ac (121,881 SF)
Zoning code 31-R3
APN 82-04531
UPID US66-0164008
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
  • Zane's Lebanese Grill Restaurant
  • Toledo Driving Schools Training Center Vocational School
  • Angela Henry Physician
  • Lourdes University The Den High School
  • Great Lakes Pianos (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.30M
Blend (final) Blend
$2.44M
Owner & transaction history
4900 N Mccord Ltd · 13 yrs held
4900 N Mccord Ltd
since 2013
4 recorded transactions
2013
Price N/A
2004
$1.7M
2004
Price N/A
1969
Price N/A
Zoning & alternative use
31-R3 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.9M +24.8%
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