5550 Central Ave Toledo, OH 43615-1517
Office buildings
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Individually Owned
18-yr Hold
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For Lease
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5550 Central Ave, Toledo, OH 43615-1517
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Estimated value (blended)
$415k
Range $374k – $457k (±10%)
Property ID
US66-2595901
Property summary
AI-generated overview
This exceptional 1,970 square foot executive office space is available for lease at 5550 W. Central Avenue in Toledo, Ohio. Located in a single-story building constructed in 1967, this property offers a convenient and functional workspace. The suite boasts ceiling heights ranging from 8 to 9 feet, providing a spacious feel. The building itself totals 11,496 square feet and features multiple tenancies. Ample parking is available with 58 spaces provided for tenants and visitors. The property is zoned C-2, Highway & General Commercial District, within Sylvania Township, Lucas County. The property's convenient location is further enhanced by its proximity to Republic Boulevard. Electrical service is provided by a 200-amp system. The property's address is 5550 Central Ave, Toledo, OH 43615, with the APN numbers 69194 and 30-180-014. This is an excellent opportunity for businesses seeking a well-maintained and conveniently located office space in a thriving commercial area. The available space presents a chance to establish or expand your business in a prime Toledo location. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Total area
11,496 SF
Lot
0.94 ac (41,158 SF)
Zoning code
20-C2
APN
78-69194
UPID
US66-2595901
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
-
Physician
-
Physician
-
Home Health Care Service
-
Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$747k
Blend (final)
Blend
$415k
Owner & transaction history
since 2007
1 recorded transaction
Zoning & alternative use
20-C2 · Toledo, OH
Top alternative use upside
Retail stores
$945,000
+53.4%
Medical building
$850,000
+38.4%
Auto repair, garage
$830,000
+34.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$415k
Value range
$374k – $457k
±10% around blend
Estimated value / SF
$36 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
30
Income certainty
100
$374k
blend $415k
$457k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,496 SF
Lot area
0.94 ac
Year built
1967
Stories
1
APN
78-69194
Assessed value
$224,560
Annual tax
$23,259
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$23,259
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$988k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.2 mi away · 9,898 SF
7.2 mi away · 9,898 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$415k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$54
-33%
Submarket 151 sales
$63
-43%
County 212 sales
$64
-44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $36/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+53%
vs current-use indication
Medical Building
Auto Repair, Garage
Neighborhood: Shopping Center
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
137,915.38%
Selected cap rate for this office buildings
Derived from the Toledo market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$18k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
137,914.88%137,915.38%137,915.88%
$16k
$11
$11
$11
$18k
$13
$13
$12
$20k
$14
$14
$14
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$895k
5.9 mi · Oct 2025 · $73/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,259
Tax year 2023
Assessed value
$224,560
Assessed 2023
Previous assessed
$224,560
+0.0% YoY
Effective rate
10.36%
On assessed value
Assessed land
$22,435
Assessed improvement
$202,125
Land market value
$64,100
Improvement market value
$577,500
Total market value
$641,600
Applied tax rate
78.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1967
Heating
NONE
Stories
1
Total area
11,496 SF
Lot
0.94 ac (41,158 SF)
Zoning code
20-C2
APN
78-69194
UPID
US66-2595901
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
1
Lot
0.94 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
20-C2
Jurisdiction
Toledo, OH
Recorded code
20-C2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 20-C2 in Toledo, OH.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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