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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Strip malls
5577 Monroe St Sylvania, OH 43560-2549
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-1326515
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
36,309 SF
Lot
1.75 ac (76,230 SF)
Zoning code
31-B2
APN
82-05171
UPID
US66-1326515
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
-
Learning Express (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Great Lakes Vacuum Home Appliance Store (Bike/Boat/Book/etc) Store
-
American Home Fitness Toledo Gym & Fitness Center (Bike/Boat/Book/etc) Store
-
GOLFTEC Toledo Golf Instructor
-
Michele Stuckey | Fairway Independent Mortgage Corporation Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$3.19M
Owner & transaction history
Toledo Promenade Shops LLC · 7 yrs held
Toledo Promenade Shops LLC
since 2018
7 recorded transactions
Zoning & alternative use
31-B2 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+77.4%
Medical building
$3.7M
+24.8%
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 Sylvania submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvania 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,945,000
Current use
RESTAURANT
$5,220,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$3,675,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,660,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$2,565,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±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
$88 / 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
$76,583
Tax year 2023
Assessed value
$779,730
Assessed 2023
Previous assessed
$779,730
+0.0% YoY
Effective rate
9.82%
On assessed value
Assessed land
$45,815
Assessed improvement
$733,915
Land market value
$130,900
Improvement market value
$2,096,900
Total market value
$2,227,800
Applied tax rate
82.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Total area
36,309 SF
Lot
1.75 ac (76,230 SF)
Zoning code
31-B2
APN
82-05171
UPID
US66-1326515
Jurisdiction
LUCAS
Zoning & alternative use
31-B2 · Sylvania, OHZoning 31-B2 · permitted uses
31-B2 · Sylvania, 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
RESTAURANT
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1984
Heating
NONE
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Toledo Promenade Shops LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1656 HENTHORNE DR STE #100, MAUMEE, OH 43537-1310
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
—
Toledo Promenado Shops LLC
—
Deed
related
$2,800,000 · State Bank & Trust Co
Aug 29, 2018
—
Toledo Promenade Shops LLC
Miller Diversified INC
Grant Deed
—
Sep 7, 2016
—
Miller Diversified INC
—
Deed
related
$1,400,000 · First Fed'l Bk/the Midwest
Dec 14, 2011
—
Nancy H Miller
Miller Janet L & Jeffrey
Quit Claim Deed
related
—
Dec 14, 2011
$278,300
Miller Investment Corp
Miller,nancy H
Grant Deed
$71,900 · Nancy H Miller
Apr 24, 2009
—
Miller Jeff & Janet Tr
Miller,norman H
Quit Claim Deed
related
—
—
—
Miller Diversifield INC
—
Deed Of Trust
related
$1,000,000 · First Fed'l Bk/the Midwest
—
—
Miller Diversified INC
—
Deed Of Trust
related
$1,400,000 · First Fed'l Bk/the Midwest
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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