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    5865 Hagman Rd Toledo, OH 43612-3877
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    Property profile & analytics

    5865 Hagman Rd, Toledo, OH 43612-3877

    View on Map
    • Hotels
    • 49,839 SF
    • 2.21 lot acres
    Off-Market
    Last Sale Dec 5, 2022
    $4,000,000
    Property ID
    US66-1127508
    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.
    Value Estimations
    $3,765,000
    Show details
    Cap Rate Potential
    4.4%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Hampton Inn & Suites Toledo-North / Hotel & Motel
    • Comfort Inn & Suites / Hotel & Motel

    Property Details for 5865 Hagman Rd

    Year built
    2000
    Lot size
    2.21 lot acres
    Zone code
    10-CO
    Property type
    Hotels
    APN
    22-88915
    APU
    2288915

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 8, 2026 $3,550,000 Svs Ohio Hospitality LLC Vision Hotels Company Warranty Deed $3M · Commonwealth Business Bank
    Dec 5, 2022 $4,000,000 Vision Hotels Company Shree Avdhut Partnership Ltd Warranty Deed $3.5M · Simmons Bank
    Mar 28, 2018 — Shree Avdhut Ptshp Ltd — Deed · related $860k · Simmons Bk
    Aug 1, 2013 — Shree Avdhut Ptshp Ltd — Loan Modification · related $5.4M · First State Bank
    Jul 10, 2008 — Shree Avdhut Ptshp Ltd — Deed Of Trust · related $5.3M · First State Bank
    — — Shree Avdhut Ptshp Ltd — Deed Of Trust · related $860k · Simmons Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,460,000
      ML approach
      $3,595,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,555,000
      6.5%
      $2,360,000
      7%
      $2,190,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,690,000
      COMMERCIAL (GENERAL)
      $3,330,000
      RESTAURANT
      $3,320,000
      AUTO REPAIR, GARAGE
      $3,250,000
      MEDICAL BUILDING
      $3,060,000
      RETAIL STORES
      $2,860,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5102
    Latitude
    41.7247
    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
    $94,148
    $67,585
    $923,230
    $990,815
    -
    $193,100
    $2,637,800
    $2,830,900

    Comparable in this City

    • Value Estimation
      $4,055,000
      42,780 SF

      5855 Hagman Rd

      HOTEL
      5855 Hagman Rd, Toledo, OH 43612-3877
      View Details
    • Value Estimation
      $685,000
      45,967 SF

      5685 Benore Rd

      HOTEL
      5685 Benore Rd, Toledo, OH 43612-3803
      View Details
    • Value Estimation
      $2,105,000
      36,226 SF

      445 Alexis Rd

      HOTEL
      445 Alexis Rd, Toledo, OH 43612-3708
      View Details
    • Value Estimation
      $790,000
      53,306 SF

      5875 Hagman Rd

      HOTEL
      5875 Hagman Rd, Toledo, OH 43612-3877
      View Details
    • Value Estimation by Request
      24,620 SF

      920 Alexis Rd

      Restaurants
      920 Alexis Rd, Toledo, OH 43612
      View Details
    • Value Estimation by Request
      0.55 Acres

      123 Alexis Rd

      WAREHOUSE, STORAGE
      123 Alexis Rd, Toledo, OH 43612-3603
      View Details

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      Retail Building Anchored by Dollar Tree

      100% occupied, 4-tenant retail building for sale.
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      Industrial Land in North Toledo

      Industrial land available for lease in North Toledo.
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      99,408 SF

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      Manufacturing building on 12.1 acres with heavy power.
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      13,500 SF

      Industrial Building with Climate Control

      13,500 SF industrial building featuring climate control throughout.
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      Commercial Space Available For Rent

      Commercial space for rent at 4500 N Detroit Ave.
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      230,000 SF

      Industrial Warehouse with Truck Docks

      309,968 SF industrial warehouse with abundant truck docks.
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      Commercial Property for Lease

      Commercial property available for lease in Toledo, OH.
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      Flex Space in Northcross Park

      New flex building with customizable space in industrial park.
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      Commercial Property with Flexible Floorplans

      Commercial property offering flexible floor plans and outside storage.
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      Commercial Property for Rent

      Commercial property available for rent at 6100 American Road.
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    Toledo, OH 43612-3877
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    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
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