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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Office buildings
5330 Heatherdowns Blvd Toledo, OH 43614-4657
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-1363862
Property summary
AI-generated overview
This exceptional office space, located at 5330 Heatherdowns Blvd, Toledo, OH 43614, offers a fantastic opportunity for businesses seeking a well-maintained and conveniently located workspace. The property, situated on a 0.77-acre lot, comprises a single, two-story building totaling 20,160 square feet. Currently, there is 1,250 square feet of contiguous space available for lease. Built in 1977, the building features 8-foot ceilings and ample parking with 42 spaces available. The zoning is designated as 10CO Commercial Office, ensuring suitability for a variety of professional uses. The property's address is 5330 Heatherdowns Blvd, with a cross street of Cheyenne. The property identification number (APN) is 07-70441. This listing is ideal for businesses seeking executive or traditional office space in a well-established Toledo location. The building accommodates multiple tenants, offering a collaborative and professional environment. The available space is located on the second floor and is described as affordable and clean.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
20,160 SF
Lot
0.77 ac (33,534 SF)
Zoning code
10-CO
APN
07-70441
UPID
US66-1363862
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
Current use
Occupant on record · Public records
-
Ducey Ernest Mediation Service
-
Nokomis Inc Engineer
-
Allstate Insurance Agent: J. Mark Atkins Insurance Agency
-
Attorney Martha L Riewaldt Law Firm Child Welfare Organization
-
Oak Hill Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$700k
Owner & transaction history
Midland Agency Of Nw Ohio INC Tr · 10 yrs held
Midland Agency Of Nw Ohio INC Tr
since 2015
1 recorded transaction
Zoning & alternative use
10-CO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,040,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
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
$35 / 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
$18,147
Tax year 2023
Assessed value
$183,715
Assessed 2023
Previous assessed
$183,715
+0.0% YoY
Effective rate
9.88%
On assessed value
Assessed land
$77,665
Assessed improvement
$106,050
Land market value
$221,900
Improvement market value
$303,000
Total market value
$524,900
Applied tax rate
7.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Heating
NONE
Stories
2
Total area
20,160 SF
Lot
0.77 ac (33,534 SF)
Zoning code
10-CO
APN
07-70441
UPID
US66-1363862
Jurisdiction
LUCAS
Zoning & alternative use
10-CO · Toledo, OH
Zoning 10-CO · permitted uses
10-CO · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
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
1977
Heating
NONE
Stories
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
Midland Agency Of Nw Ohio INC Tr
Entity
Free & Clear · 10 yrs held
Mailing address
5330 HEATHERDOWNS BLVD STE #201, TOLEDO, OH 43614-4644
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2015
—
Midland Agency Of Nw Ohio INC Tr
Port Lawrence Title
Grant Deed
—
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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