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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Strip malls
5660 Monroe St Sylvania, OH 43560-2733
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0247768
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Total area
11,600 SF
Lot
1.06 ac (46,020 SF)
Zoning code
31-B2
APN
82-12227
UPID
US66-0247768
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
-
Connect Hearing Audiologist Hearing Aid Store
-
Toledo Medical Evaluators Ltd Medical Clinic
-
TMI MRI Medical Clinic
-
Toledo Men's And Weight loss Clinic Medical Clinic
-
Koester Richard MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.16M
Owner & transaction history
Growin Sylvania LLC · 4 yrs held
Growin Sylvania LLC
since 2022
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
31-B2 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+77.4%
Medical building
$1.2M
+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
$1,185,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Current use
RESTAURANT
$1,670,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$1,175,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$850,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$820,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10% · vs last sale $1.17M (Jan 19 2022)
Last sale anchor
$1.17M
Jan 19 2022
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
$100 / 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
$35,795
Tax year 2023
Assessed value
$361,200
Assessed 2023
Previous assessed
$281,225
+28.4% YoY
Effective rate
9.91%
On assessed value
Assessed land
$27,545
Assessed improvement
$333,655
Land market value
$78,700
Improvement market value
$953,300
Total market value
$1,032,000
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
1978
Heating
NONE
Stories
1
Total area
11,600 SF
Lot
1.06 ac (46,020 SF)
Zoning code
31-B2
APN
82-12227
UPID
US66-0247768
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
$940,000
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$850,000
RETAIL STORES
Est. value
$820,000
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
1978
Heating
NONE
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Growin Sylvania LLC
Entity
Mailing address
875 WESTMORELAND AVE, NAPOLEON, OH 43545-1260
Ownership since
2022
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
Jan 19, 2022
$1,170,000
Growin Sylvania LLC
Jso3 LLC
Warranty Deed
$1,615,000 · Premier Bank
Feb 6, 2017
$785,000
Js03 LLC
Sylvania Monroe Plaza LLC
Limited Warranty Deed
$628,000 · First Federal Bank Of The Midwest
Jun 21, 2016
—
Sylvania Of Monroe Plaza LLC
—
Deed
related
$23,486,841 · Fifth Third Bk
Jun 2, 2011
—
Briarfield Village LLC
—
Deed Of Trust
related
$1,000,000 · Fifth Third Bank
—
—
Sylvania Of Monroe Plaza LLC
—
Deed Of Trust
related
$150,000 · Fifth Third Bank
—
—
Sylvania Of Monroe Plaza LLC
—
Loan Modification
related
$23,486,841 · Fifth Third Bk
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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