5255 Hill Ave Toledo, OH 43615
Property Lookup
Property profile & analytics
5255 Hill Ave Toledo, OH 43615
- Strip malls
- 10,000 SF
- 0.99 lot acres
Property ID
US66-0231023
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.
Location Intelligence
Current Use by Public Records
- Hill's Kitchen (Inside Hill Market) / Restaurant
- Ollie's kitchen / Restaurant
- Hill Market / Grocery & Convenience Store / Food Market
- Bitstop Bitcoin ATM / Crypto Atm / Atm
- Anglican Church Of The Pentecost ACOP Toledo Ohio / Church
Property Details for 5255 Hill Ave
- Year built
- 1977
- Lot size
- 0.99 lot acres
- Property size
- 10,000 SF
- Zone code
- 10-CR
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 13-21807
- APU
- 1321807
Description
This exceptional 10,000 square foot shopping center, located at 5255 Hill Avenue in Toledo, Ohio (zip code 43615), presents a compelling investment opportunity. The property boasts a strong 10% capitalization rate and a current net operating income of $70,034. Currently operating at 100% occupancy, the center features a mix of tenants, four of which have been established at this location for over 15 years, demonstrating a commitment to the area and strong tenant loyalty. The asking price is $695,000, translating to a price per square foot of $69.50. Ample parking is available with 50 paved spaces to accommodate customers and employees. The property benefits from excellent demographics, situated within a 5-mile radius of a population of 193,156. This multi-tenant retail investment is ideal for those seeking a stable, high-performing asset in a thriving market. The property is classified as a retail shopping center investment and is situated in Lucas County. The property's location offers convenient access for customers and employees. This is a rare opportunity to acquire a well-established, fully occupied shopping center with a proven track record of success.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $533,000
- AI Estimate
- $687,000
Market price range: $287k - $1.06MMarket price range: $264k - $2.00M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $705,000 Current use
- RETAIL STORES
- $820,000 Change: +16% Conversion: Easy
- MEDICAL BUILDING
- $740,000 Change: +5% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $720,000 Change: +2% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $610,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6668
- Latitude
- 41.6382
- 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
$10,228
$34,405
$63,245
$97,650
-
$98,300
$180,700
$279,000
