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    Property profile & analytics

    4900 Mccord Rd Sylvania, OH 43560

    • Strip malls
    • 28,500 SF
    • 2.80 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0164008
    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

    • Zane's Lebanese Grill / Mediterranean Restaurant / Middle Eastern Restaurant
    • Toledo Driving Schools / Driving School
    • Angela Henry / Nurse Practitioner
    • Lourdes University The Den / School
    • Great Lakes Pianos / Musical Instrument Store

    Property Details for 4900 Mccord Rd

    Year built
    1975
    Lot size
    2.80 lot acres
    Property size
    28,500 SF
    Zone code
    31-R3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    82-04531
    APU
    8204531

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,296,000
      Market price range: $943k - $4.00M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,310,000
      Current use
      MEDICAL BUILDING
      $2,885,000
      Change: +25% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,085,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $2,015,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7035
    Latitude
    41.7043
    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
    $54,770
    $179,970
    $369,880
    $549,850
    -
    $514,200
    $1,056,800
    $1,571,000

    Comparable in this City

    • Value Estimation by Request
      7,160 SF

      6626 Monroe St

      SHOPPING CENTER, STRIP CENTER • 7,160 SF
      6626 Monroe St, Sylvania, OH 43560-4905
      View Details
    • Value Estimation
      $2,000,000
      102,209 SF

      5800 Monroe St

      SHOPPING CENTER, STRIP CENTER • 102,209 SF
      5800 Monroe St, Sylvania, OH 43560-2263
      View Details
    • Value Estimation
      $3,210,000
      32,216 SF

      5555 Monroe St

      SHOPPING CENTER, STRIP CENTER • 32,216 SF
      5555 Monroe St, Sylvania, OH 43560-2539
      View Details
    • Value Estimation by Request
      0.57 Acres

      6626 Sylvania Ave

      SHOPPING CENTER, STRIP CENTER • 0.57 Acres
      6626 Sylvania Ave, Sylvania, OH 43560-3920
      View Details
    • Value Estimation by Request
      0.40 Acres

      6558 Sylvania Ave

      SHOPPING CENTER, STRIP CENTER • 0.40 Acres
      6558 Sylvania Ave, Sylvania, OH 43560-3917
      View Details
    • Value Estimation by Request
      5,000 SF

      6461 Monroe St

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      6461 Monroe St, Sylvania, OH 43560-1447
      View Details

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      70,497 SF

      Medical Office Suites Available

      Healthcare suites with private amenities near retail and hospital.
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      Office Space in Prime Location

      Sleek office space ideal for startups or established companies.
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    • $198,000
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      Sylvania Commercial Land - $198K

      0.83-acre commercial lot, prime Sylvania location.
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    Similar Nearby for Lease

    • Contact for pricing
      7,700 SF

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      Proposed 7,700 SF shopping center with high traffic.
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    • $12 SF/Yr
      37,214 SF

      Sylvania Retail Center Opportunity

      Prime Sylvania location, 3 suites available
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    • $9 SF/Yr
      28,500 SF

      West Toledo Retail Space Available

      High-traffic storefront, flexible space
      4900 Mccord Rd, Sylvania, OH 43560
      View Details
    • $9 SF/Yr
      28,660 SF

      Sylvania Retail Plaza - Main St

      High-traffic retail space available.
      4981 Main St, Sylvania, OH 43560
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      Retail Space in Sylvania, OH

      Retail space available for lease in Sylvania, Ohio.
      6600 Sylvania Ave, Sylvania, OH 43560
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    • Contact for pricing
      98,711 SF

      Monroe St & Alexis Rd

      Restaurants • 98,711 SF
      0 Monroe St & Alexis Rd, Sylvania, OH 43560
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    Sylvania, OH 43560
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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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