5360 Heatherdowns Blvd Toledo, OH 43614-4603
This exceptional two-story office building, situated at 5360 Heatherdowns Blvd in Toledo, Ohio, presents a compelling investment opportunity. Spanning 7,654 square feet on a 0.709-acre lot, this traditional office building boasts a gross lease structure and currently enjoys 50% occupancy. Built in 1974, the property features 38 parking spaces, providing ample convenience for tenants and visitors. The building is zoned 10CO Office Commercial and offers two curb cuts, one each on Heatherdowns and Cheyenne, enhancing accessibility. The property's strategic location provides immediate access to the Ohio Turnpike and is in close proximity to the Amazon Fulfillment Center on Reynolds Rd. The entire second floor is currently available for lease, presenting a significant opportunity to increase occupancy and rental income. The asking price is $367,000, translating to $47.95 per square foot. This multi-tenant property offers a strong foundation for immediate income generation and future growth potential. The property's parcel number is 00770451. This is a rare opportunity to acquire a well-located, established office building in a thriving area of Toledo.
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Harold M Lincoln Co Food Broker
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ATS Plus School of Business High School
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
10-CO · Toledo, OHToledo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.