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Property profile & analytics
OFF-MARKET Estimated value $1,690,000
Office buildings

5333 Secor Rd Toledo, OH 43623-2407

28,500 SF 1.43 ac lot Built 1971
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-0247922
Property summary
AI-generated overview

This exceptional 28,500 square foot industrial flex space property, located at 5333 Secor Road in Toledo, Ohio, presents a compelling investment opportunity. The single-story building, constructed in 1972, features 20 individual suites, with 1,500 square feet currently vacant, offering immediate potential for rental income. The property sits on a 1.42-acre lot and boasts ample parking with 100 spaces available. Ceiling heights range from 8 to 9 feet, providing versatile space for a variety of uses. The property is zoned IL - Limited Industrial, allowing for a range of industrial and light commercial activities. The convenient West Toledo location, near McGregor, provides easy access to major transportation routes. The property's multiple tenancy structure offers flexibility and diversification of income streams. The APN is 23-36194 and the zip code is 43623. This is an excellent opportunity to acquire a well-located, established industrial property with significant upside potential. The existing infrastructure and ample parking make this a highly desirable location for businesses seeking flexible and functional space. The current vacancy provides an immediate opportunity to increase revenue and occupancy. This property is offered as a triple net lease (NNN).

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Total area 28,500 SF
Lot 1.43 ac (62,236 SF)
Zoning code 10-IL
APN 23-36194
UPID US66-0247922
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
  • Bob's Custom Store Interiors General Contractor Renovation Specialist
  • Oravecz & Associates, LLC. Land Surveyor Engineer
  • Honei B Collection Hair Salon
  • Done In A Day Detailing LLC Car Wash
  • Horton Hauls Junk Toledo Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.69M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.91M
Blend (final) Blend
$1.69M
Owner & transaction history
5333 Secor Owner LLC · 1 yrs held
5333 Secor Owner LLC
since 2024
Last sale
$1.7M
3 recorded transactions
2024
$1.7M
2021
$1.3M
1969
Price N/A
Zoning & alternative use
10-IL · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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