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Property profile

5122 Heatherdowns Blvd Toledo, OH 43614

FOR LEASE
Strip malls
Property ID
US66-6064133
24,800 SF 2 ac lot Built 1974
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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5122 Heatherdowns Blvd, Toledo, OH 43614 For Lease
Contact for pricing 2,700 SF available
5122 Heatherdowns Blvd, Toledo, OH 43614
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Property summary

AI-generated overview

This exceptional 24,300 square foot multi-tenant building, located at 5122 Heatherdowns Blvd in Toledo, Ohio, presents a unique investment opportunity. Originally constructed in 1974 and extensively renovated in 2009, the property boasts a blend of medical office and specialty retail space, perfectly suited for a variety of businesses. Situated in Lucas County, the building's convenient location offers excellent visibility and accessibility. Currently, there are 1,500 square feet of office space and 1,200 square feet of retail space immediately available for lease. The building's substantial size and adaptable layout provide ample room for expansion or customization to meet specific tenant needs. This property represents a strong investment in a thriving Toledo market, offering a blend of established infrastructure and modern amenities. The building's history of successful tenancy speaks to its desirability and potential for continued growth. Interested parties are encouraged to inquire about lease terms and availability for the currently vacant spaces. The property's strategic location within Lucas County, coupled with its versatile design, makes it an ideal choice for businesses seeking a prominent presence in the Toledo area. This is a rare opportunity to acquire a well-maintained and strategically located commercial property in a high-demand market. The 43614 zip code offers easy access to major transportation routes and a diverse range of amenities.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1974
Total area 24,800 SF
Lot 2 ac (87,120 SF)
Zoning code 10-CR
APN 20-01911
UPID US66-6064133

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Hair Salon
  • Restaurant
  • Physician Hospital
  • Advertising Agency Marketing & Advertising

Location

5122 Heatherdowns Blvd Toledo, OH 43614
Toledo metro Census 7208 TOLEDO, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.98M
Blend (final) Blend
$575k

Owner & transaction history

since 2012
5 recorded transactions
2012
Price N/A
2010
Price N/A
2006
$2.2M
2004
$1.6M
1969
Price N/A

Zoning & alternative use

10-CR · Toledo, OH
Top alternative use upside
Medical building $1.8M +5.0%
Auto repair, garage $1.8M +2.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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