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    Property profile & analytics

    4990 Monroe St Toledo, OH 43623-3602

    • Turn key restaurants
    • 7,473 SF
    • 2.01 lot acres
    OFF-MARKET
    Value Estimation
    $4,495,000
    Last Sale
    Dec 29, 2022
    $4,892,600
    Location Intelligence
    Property ID
    US66-1910001
    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

    • Red Lobster / Crab House / Family Restaurant

    Property Details for 4990 Monroe St

    Year built
    1974
    Lot size
    2.01 lot acres
    Property size
    7,473 SF
    Zone code
    10-CR
    Property type
    Turn key restaurants
    APN
    22-12281
    APU
    2212281

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,440,000
      6.5%
      $4,735,000
      7%
      $4,770,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,435,000
      Geo Method
      $4,920,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,780,000
      Retail
      $5,335,000
      Mixed-Use
      $5,695,000
      Hospitality
      $5,010,000
      Educational
      $4,370,000
      Residential Income
      $4,410,000
      Energy
      $4,635,000
      Income-Based Land
      $5,185,000
      Food Service
      $5,230,000

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6409
    Latitude
    41.6983
    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
    $75,287
    $255,360
    $529,305
    $784,665
    -
    $729,600
    $1,512,300
    $2,241,900

    Comparable in this City

    • Value Estimation by Request
      6,878 SF

      4782 Monroe St

      RESTAURANT • 6,878 SF
      4782 Monroe St, Toledo, OH 43623-4348
      View Details
    • Value Estimation by Request
      13,640 SF

      3922 Secor Rd

      RESTAURANT • 13,640 SF
      3922 Secor Rd, Toledo, OH 43623-4405
      View Details
    • Value Estimation
      $735,000
      2,165 SF

      5080 Monroe St

      RESTAURANT • 2,165 SF
      5080 Monroe St, Toledo, OH 43623
      View Details
    • Value Estimation
      $125,000
      1,375 SF

      4122 Alexis Rd

      RESTAURANT • 1,375 SF
      4122 Alexis Rd, Toledo, OH 43623-1242
      View Details
    • Value Estimation by Request
      0.11 Acres

      3346 Alexis Rd

      RESTAURANT • 0.11 Acres
      3346 Alexis Rd, Toledo, OH 43623-1452
      View Details
    • Value Estimation by Request
      2,967 SF

      3455 Alexis Rd

      RESTAURANT • 2,967 SF
      3455 Alexis Rd, Toledo, OH 43623-1403
      View Details

    Similar Nearby for Sale

    • 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
      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
    • Contact for pricing
      3,972 SF

      Toledo Restaurant - Turnkey Opportunity

      Fully equipped, 3972 SF restaurant with drive-thru.
      5395 Monroe St, Toledo, OH 43623
      View Details
    • $2,395,000
      15,500 SF

      Retail Investment Opportunity in Toledo

      Shopping center with upside potential in a high-traffic location.
      4011-4015 Secor Rd, Toledo, OH 43623
      View Details
    • $990,000
      6,000 SF

      Multi-Tenant Retail Strip Plaza

      6,000 SF retail plaza with high visibility and traffic.
      4735 Monroe St, Toledo, OH 43623
      View Details
    • $385,000
      13,214 SF

      Secor Road Office Building For Sale

      Toledo Office Space - 13,214 SF
      4428 Secor 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
    • 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
    • Contact for pricing
      20,400 SF

      Toledo Retail Center - Prime Location

      High-traffic retail space available. Excellent visibility.
      4024 Holland Sylvania Rd, Toledo, OH 43623
      View Details
    • Contact for pricing
      2,453 SF

      Prime Retail Space in Toledo

      High-traffic location near Franklin Park Mall.
      4204 W Sylvania Ave, Toledo, OH 43623
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly visited shopping center.
      5215 Monroe St, Toledo, OH 43623
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on W Alexis

      Retail space available with strong visibility on a corner lot.
      4304 W Alexis Rd, Toledo, OH 43623
      View Details

    Property Visit Statistics

    • Visits by month
      9.3k
    • Visitors by month
      8.6k
    • Avg Time on site
      19 min
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    4990 Monroe St
    Toledo, OH 43623-3602
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    Realmo Value Estimation

    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.

    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.

    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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