Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5507 Bennett Rd Toledo, OH 43612

    • Commercial real estate
    • 5,510 SF
    • 10.23 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2214704
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5507 Bennett Rd

    Year built
    1952
    Lot size
    10.23 lot acres
    Property size
    5,510 SF
    Zone code
    10-RS6
    Property type
    Commercial real estate
    APN
    22-05461
    APU
    2205461

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $481,000
      Market price range: $77.7k - $723k
      AI Estimate
      $527,000
      Market price range: $144k - $638k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $335,000
      Current use
      MEDICAL BUILDING
      $410,000
      Change: +22% Conversion: Easy
      AUTO REPAIR, GARAGE
      $400,000
      Change: +19% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $390,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $350,000
      Change: +4% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5592
    Latitude
    41.7162
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,782
    $4,235
    $34,685
    $38,920
    -
    $12,100
    $99,100
    $111,200

    Comparable in this City

    • Value Estimation by Request
      7,948 SF

      4025 Berwick Ave

      COMMERCIAL (GENERAL) • 7,948 SF
      4025 Berwick Ave, Toledo, OH 43612-1513
      View Details
    • Value Estimation by Request
      6,080 SF

      4410 Lewis Ave

      COMMERCIAL (GENERAL) • 6,080 SF
      4410 Lewis Ave, Toledo, OH 43612-1846
      View Details
    • Value Estimation by Request
      1,345 SF

      3936 Hazelhurst Ave

      COMMERCIAL (GENERAL) • 1,345 SF
      3936 Hazelhurst Ave, Toledo, OH 43612
      View Details
    • Value Estimation by Request
      2.75 Acres

      Bennett Rd

      COMMERCIAL (GENERAL) • 2.75 Acres
      Bennett Rd, Toledo, OH 43612
      View Details
    • Value Estimation by Request
      3,605 SF

      1618 Sylvania Ave

      COMMERCIAL (GENERAL) • 3,605 SF
      1618 Sylvania Ave, Toledo, OH 43612-1589
      View Details
    • Value Estimation
      $1,250,000
      9,832 SF

      5159 Detroit Ave

      COMMERCIAL (GENERAL) • 9,832 SF
      5159 Detroit Ave, Toledo, OH 43612-3574
      View Details

    Similar Nearby for Sale

    • $149,900

      Income-Ready Townhouse-Style Duplex

      Townhouse-style duplex near UT, Toledo Hospital, and I-475.
      3864 Almeda Dr, Toledo, OH 43612
      View Details
    • Contact for pricing
      99,408 SF

      99,408 SF Manufacturing Building

      Manufacturing building on 12.1 acres with heavy power.
      911 Matzinger Rd, Toledo, OH 43612
      View Details
    • Contact for pricing

      Land with On-Site Service Shop

      Land available with private service shop for inspections and maintenance.
      4775 Kettering Dr, Toledo, OH 43612
      View Details
    • Contact for pricing

      Duplex in Toledo Portfolio

      Part of a larger portfolio with high occupancy.
      3855 Revere Dr, Toledo, OH 43612
      View Details
    • $325,000
      1,768 SF

      Freestanding Former Restaurant Building

      Freestanding 1,768 SF former restaurant building for sale.
      1641 W Sylvania Ave, Toledo, OH 43612
      View Details
    • $1,500,000
      21,463 SF

      Lagrange Street Warehouse - Toledo, OH

      Industrial Warehouse, 21,463 SF, Owner/User
      4310 Lagrange St, Toledo, OH 43612
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      70,500 SF

      543 Matzinger Rd

      Flex space • 70,500 SF
      543 Matzinger Rd, Toledo, OH 43612
      View Details
    • Contact for pricing
      48,300 SF

      Toledo Flex Space: Northcross Industrial Park

      Modern flex space, I-75 access, Ohio Enterprise Zone.
      3 Brent Ln, Toledo, OH 43612
      View Details
    • $4 SF/Yr
      404,599 SF

      Toledo Industrial Manufacturing Space

      Large industrial space, flexible lease options.
      4042 Bennett Rd, Toledo, OH 43612
      View Details
    • Contact for pricing
      13,500 SF

      Industrial Building with Climate Control

      13,500 SF industrial building featuring climate control throughout.
      6020 Benore Rd, Toledo, OH 43612
      View Details
    • $291,000

      Industrial Land in North Toledo

      Industrial land available for lease in North Toledo.
      5225 Stickney Ave, Toledo, OH 43612
      View Details
    • Contact for pricing
      230,000 SF

      Industrial Warehouse with Truck Docks

      309,968 SF industrial warehouse with abundant truck docks.
      1420-1435 Matzinger Rd, Toledo, OH 43612
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5507 Bennett Rd
    Toledo, OH 43612
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.