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Property profile & analytics
FOR SALE
Community centers
5455 Airport Hwy Toledo, OH 43615
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-6227244
For Sale
$1,950,000
5455 Airport Hwy, Toledo, OH 43615
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Total area
16,626 SF
Lot
2.56 ac (111,514 SF)
Zoning code
10-CRSO
APN
20-91632
UPID
US66-6227244
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
-
Total Nutrition Gym & Fitness Center
-
Chuck E. Cheese Restaurant
-
Buddy V's Cake Slice Restaurant Take-out & Catering
-
JWMEDIA Film Production Television Studio
-
You First By Grant Services - Airport Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.81M
Owner & transaction history
New Century LLC · 7 yrs held
New Century LLC
since 2019
6 recorded transactions
Zoning & alternative use
10-CRSO · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+123.8%
Retail stores
$1.4M
+16.5%
Medical building
$1.2M
+5.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,110,000
6.5%
$1,950,000
7%
$1,810,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,170,000
Current use
RESTAURANT
$2,625,000
Change: +124% · Conversion: Difficult
RETAIL STORES
$1,365,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$1,230,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,200,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±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
$109 / 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
$40,475
Tax year 2023
Assessed value
$443,240
Assessed 2023
Previous assessed
$443,240
+0.0% YoY
Effective rate
9.13%
On assessed value
Assessed land
$128,940
Assessed improvement
$314,300
Land market value
$368,400
Improvement market value
$898,000
Total market value
$1,266,400
Applied tax rate
20.0000
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
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
1989
Heating
NONE
Stories
2
Total area
16,626 SF
Lot
2.56 ac (111,514 SF)
Zoning code
10-CRSO
APN
20-91632
UPID
US66-6227244
Jurisdiction
LUCAS
Zoning & alternative use
10-CRSO · Toledo, OH
Zoning 10-CRSO · permitted uses
10-CRSO · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.6M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1989
Heating
NONE
Stories
2
Lot
2.56 ac
Current owner
From public records · entity-resolved
New Century LLC
Entity
Mailing address
16085 CRYSTAL DOWNS E, NORTHVILLE, MI 48168-9637
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2019
$1,750,000
New Century LLC
Swan Creek Plaza X LLC
Grant Deed
—
Dec 8, 2015
$1,050,000
Swan Creek Plaza X LLC
Cb 2011 Ohio & Michigan Retail LLC
Limited Warranty Deed
—
Oct 2, 2013
—
Cb 2011 Ohio
Swan Creek Plaza LLC
Deed In Lieu Of Foreclosure
related
—
Jul 20, 2007
$2,000,000
Swan Creek Plaza LLC
Woodland Town Center LLC
Warranty Deed
$1,600,000 · Citizens Federal Bank Fsb
Apr 3, 2006
$1,770,000
Woodland Town Center LLC
D & L Dev LLC
Grant Deed
—
—
—
Eidi-sallah Group LLC
—
Deed Of Trust
related
$490,600 · Fifth Third Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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