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Property profile & analytics
OFF-MARKET
Estimated value
$11,910,000
Community centers
5245 Airport Hwy Toledo, OH 43615
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6210065
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Total area
60,392 SF
Lot
6.93 ac (301,913 SF)
Zoning code
10-CRSO
APN
20-06431
UPID
US66-6210065
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.91M
Owner & transaction history
Airport Square Nv LLC · 2 yrs held
Airport Square Nv LLC
since 2024
Last sale
$11.9M
7 recorded transactions
Zoning & alternative use
10-CRSO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.5M
+123.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$11,910,000
ML approach
$11,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,530,000
Change: +124% · Conversion: Difficult
Blend value · Realmo final
$11.91M
Range $10.72M – $13.10M · ±10% · vs last sale $11.91M (Jan 11 2024)
Last sale anchor
$11.91M
Jan 11 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$197 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$103,327
Tax year 2023
Assessed value
$939,155
Assessed 2023
Previous assessed
$939,155
+0.0% YoY
Effective rate
11.00%
On assessed value
Assessed land
$293,160
Assessed improvement
$645,995
Land market value
$837,600
Improvement market value
$1,845,700
Total market value
$2,683,300
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1993
Heating
NONE
Stories
1
Total area
60,392 SF
Lot
6.93 ac (301,913 SF)
Zoning code
10-CRSO
APN
20-06431
UPID
US66-6210065
Jurisdiction
LUCAS
Zoning & alternative use
10-CRSO · Toledo, OH
Zoning 10-CRSO · permitted uses
10-CRSO · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.5M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Stories
1
Lot
6.93 ac
Current owner
From public records · entity-resolved
Airport Square Nv LLC
Entity
Mailing address
1345 DILEVANTE DR, HENDERSON, NV 89052-4151
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2024
$11,909,000
Airport Square Nv LLC
Frayer Enterprises LLC
Limited Warranty Deed
$7,700,000 · Standard Insurance Co
Mar 8, 2016
$8,500,000
Frayer Ents LLC
Eco Sbc 2015-1 Reo 136426 LLC
Grant Deed
$3,500,000 · Bank Of The West
Sep 11, 2015
$6,000,000
Eco Sbc 2015-1 Reo 136426 LLC
Sheriff Of Lucas County|airport Square Investment
Trustees Deed
related
—
Sep 28, 2005
$20,115,000
Airport Square Inv
Reed Holdings-airport LLC
Grant Deed
related
$16,000,000 · Atmcc
Feb 18, 2005
$115,000
Airport Square Inv Props LLC
Reed Holdings-airport LLC
Grant Deed
$16,000,000 · Artesia Mortgage Capital Corp
Oct 23, 2003
—
Reed Holdings-airport LLC
Reed Holdings LLC
Quit Claim Deed
related
—
Jul 3, 2001
$14,750,000
Reed Holdings
Developers Diversified Realty
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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