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Property profile & analytics
OFF-MARKET
Estimated value
$310,000
Medical Office Space
5532 Central Ave Toledo, OH 43615-0713
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-1159430
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Total area
12,000 SF
Lot
1.05 ac (45,584 SF)
Zoning code
20-C2
APN
78-69157
UPID
US66-1159430
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
-
Dr. Richard Thomas Dental Office
-
Dental Group West Dental Office
-
Dr. Robert J. Weisenburger, DDS Dental Office
-
Dr. Tracy Poole Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$310k
Owner & transaction history
5532 D LLC
5532 D LLC
2 recorded transactions
Zoning & alternative use
20-C2 · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+113.0%
Retail stores
$985,000
+10.9%
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%
$1,855,000
6.5%
$1,710,000
7%
$1,590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$890,000
Current use
RESTAURANT
$1,895,000
Change: +113% · Conversion: Difficult
RETAIL STORES
$985,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$865,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$310k
Range $279k – $341k · ±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
$26 / 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
$35,375
Tax year 2023
Assessed value
$342,790
Assessed 2023
Previous assessed
$342,790
+0.0% YoY
Effective rate
10.32%
On assessed value
Assessed land
$100,975
Assessed improvement
$241,815
Land market value
$288,500
Improvement market value
$690,900
Total market value
$979,400
Applied tax rate
78.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Total area
12,000 SF
Lot
1.05 ac (45,584 SF)
Zoning code
20-C2
APN
78-69157
UPID
US66-1159430
Jurisdiction
LUCAS
Zoning & alternative use
20-C2 · Toledo, OHZoning 20-C2 · permitted uses
20-C2 · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$890,000
RESTAURANT
Est. value
$1.9M
RETAIL STORES
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Heating
NONE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
5532 D LLC
Entity
Mailing address
5532 W CENTRAL AVE, TOLEDO, OH 43615-0713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
5532 D LLC
—
Deed Of Trust
related
$868,000 · Signature Bank
—
—
5532 D LLC
—
Deed Of Trust
related
$1,084,000 · Signature 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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