Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5310 Airport Hwy Toledo, OH 43615
    Back to Search
    Property profile & analytics

    5310 Airport Hwy, Toledo, OH 43615

    View on Map
    • Auto shops
    • 4,712 SF
    • 0.67 lot acres
    For Sale
    $350,000
    View Listing →
    Turnkey Auto Shop Opportunity For Sale
    $350,000
    4,712 SF

    Turnkey Auto Shop Opportunity

    Auto shop near busy intersection, ideal for owner-operator or investor.

    5310 Airport Hwy, Toledo, OH 43615
    View Listing
    Property ID
    US66-0046786
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Tuffy Tire & Auto Service Center / Auto Repair Shop

    Property Details for 5310 Airport Hwy

    Year built
    1989
    Lot size
    0.67 lot acres
    Zone code
    10-CR
    Property type
    Auto shops
    APN
    20-65731
    APU
    2065731

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 16, 2026 $1,037,100 Gty Auto Service LLC Erin Ales Deed —
    Mar 12, 2026 — Erin Ales Rpej Properties LLC Deed —
    Dec 8, 2022 — Rpej Properties LLC Pasquale Ales Quit Claim Deed · related —
    Oct 25, 2022 — Pasquale Ales Pasquale Ales Affidavit Of Death Of Joint Tenant · related —
    Dec 26, 2006 $1,025,000 Pasquale Ales Regional Growth Properties LLC Survivorship Deed $625k · First Federal Bank Of The Midwest
    Jan 31, 2005 $600,000 Regional Growth Properties LLC Brownstone Plaza Properties Warranty Deed $800k · First Federal Bank Of The Midwest

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $885,000
      ML approach
      $1,015,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6675
    Latitude
    41.6169
    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
    $20,651
    $42,070
    $173,915
    $215,985
    -
    $120,200
    $496,900
    $617,100

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      1137 Reynolds Rd

      AUTO REPAIR, GARAGE
      1137 Reynolds Rd, Toledo, OH 43615-6907
      View Details
    • Value Estimation by Request
      0.14 Acres

      5059 Dorr St

      AUTO REPAIR, GARAGE
      5059 Dorr St, Toledo, OH 43615-3854
      View Details
    • Value Estimation by Request
      0.17 Acres

      3361 Holland Sylvania Rd

      AUTO REPAIR, GARAGE
      3361 Holland Sylvania Rd, Toledo, OH 43615-1409
      View Details
    • Value Estimation by Request
      3,985 SF

      1147 Reynolds Rd

      AUTO REPAIR, GARAGE
      1147 Reynolds Rd, Toledo, OH 43615
      View Details
    • Value Estimation
      $1,800,000
      0.17 Acres

      3131 Marsrow Ave

      AUTO REPAIR, GARAGE
      3131 Marsrow Ave, Toledo, OH 43615-1320
      View Details
    • Value Estimation
      $735,000
      6,541 SF

      6158 Central Ave

      AUTO REPAIR, GARAGE
      6158 Central Ave, Toledo, OH 43615-1848
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,304 SF

      NNN Leased Investment Property

      NNN leased investment property in Toledo, OH with 15-year lease.
      4842 Dorr St, Toledo, OH 43615
      View Details
    • Contact for pricing
      4,712 SF

      Turnkey Auto Shop Opportunity

      Auto shop near busy intersection, ideal for owner-operator or investor.
      5310 Airport Hwy, Toledo, OH 43615
      View Details
    • $265,000

      Self-Service Car Wash For Sale

      Car wash with self-service and automatic wash bays.
      3802 Airport Hwy, Toledo, OH 43615
      View Details
    • Contact for pricing
      3,756 SF

      Established Car Wash Investment Property

      NNN leased car wash with corporate guarantee and annual increases.
      5756 W Central Ave, Toledo, OH 43615
      View Details
    • Contact for pricing
      3,756 SF

      Established Car Wash Business Opportunity

      High-quality car wash with professional services in Toledo, Ohio.
      5762 Central Ave, Toledo, OH 43615
      View Details
    • Contact for pricing
      5,353 SF

      Established Car Wash on Reynolds

      Operating car wash with conversion potential on a busy road.
      616 N Reynolds Rd, Toledo, OH 43615
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Retail Suite at St. James

      Retail space available at St. James Club in Toledo, OH.
      7337 W Bancroft St, Toledo, OH 43615
      View Details
    • Contact for pricing

      Boutique Retail & Office Property

      Two-story retail and office property in affluent Toledo neighborhood.
      4334 Central Ave, Toledo, OH 43615
      View Details
    • $5 SF/Yr

      Retail Space in Airport Square

      Retail suites available in established South Toledo shopping center.
      5225 Airport Hwy, Toledo, OH 43615
      View Details
    • $15 SF/Yr

      Retail Space at Signalized Intersection

      1,250 SF retail space in high-traffic Toledo location.
      1208 South Reynolds Rd, Toledo, OH 43615
      View Details
    • Contact for pricing

      Retail Space in Airport Square

      Retail suites available in South Toledo shopping center.
      5225 Airport Hwy, Toledo, OH 43615
      View Details
    • Contact for pricing
      1,535 SF

      Retail Space with High Visibility

      Retail space with excellent frontage and ample parking.
      5325 Airport Hwy, Toledo, OH 43615
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5310 Airport Hwy
    Toledo, OH 43615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5310 Airport Hwy, Toledo, OH, 43615
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!