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Property profile & analytics
OFF-MARKET
Office buildings

5360 Heatherdowns Blvd Toledo, OH 43614-4603

7,654 SF 0.71 ac lot Built 1974
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-1144838
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1974
Total area 7,654 SF
Lot 0.71 ac (30,914 SF)
Zoning code 10-CO
APN 07-70451
UPID US66-1144838
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
  • Harold M Lincoln Co Food Broker
  • ATS Plus School of Business High School
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owens Joint Holdings LLC · 1 yrs held
Owens Joint Holdings LLC
since 2024
3 recorded transactions
2024
$380,000
2016
Price N/A
2016
$140,000
Zoning & alternative use
10-CO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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