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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6049 Renaissance Pl Toledo, OH 43623-4711

    • Office buildings
    • 864 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Aug 22, 2022
    $460,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6146083
    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.

    Current Use by Public Records

    • Shelter Insurance - Jeff Wood / Auto Insurance Agency / Home Insurance Agency
    • Serenity Realty: Julie Fisher / Real Estate Consultant
    • National Logistics Services / Freight Forwarding Service
    • michelle hudson | 419-276-9029 | toledo oh homes for sale / Real Estate Agency
    • Toledo Pediatric Speech Therapy / Speech Pathologist

    Property Details for 6049 Renaissance Pl

    Year built
    2003
    Lot size
    0.36 lot acres
    Property size
    864 SF
    Zone code
    20-C2
    Property type
    Office buildings
    APN
    79-73047
    APU
    7973047

    Description

    This exceptional Class A executive office space, located at 6049 Renaissance Place in Toledo, Ohio, presents a rare opportunity. The single-story building, constructed in 2003, offers a total of 6,336 square feet across two suites, situated on a 0.93-acre lot. Currently, 1,440 square feet of prime office space is available for lease, divisible into units ranging from 576 to 864 contiguous square feet. Each unit boasts a 9-foot ceiling height and ample power (125-amp 120/240 V). The property is conveniently located on the corner of Renaissance Place and Holland-Sylvania Road, within the C-2 Highway & General Commercial District (Zoning: C-2). The building features 36 total parking spaces for tenant and visitor convenience. This property is ideal for businesses seeking a modern, efficient, and well-located office space in Toledo. The Lucas County address (APN: 72791

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6882
    Latitude
    41.6959
    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
    $2,347
    $8,295
    $14,245
    $22,540
    -
    $23,700
    $40,700
    $64,400

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      5851 Secor Rd

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      3,072 SF

      5071 Monroe St

      OFFICE BUILDING • 3,072 SF
      5071 Monroe St, Toledo, OH 43623-3473
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      $1,650,000
      16,550 SF

      5225 Secor Rd

      OFFICE BUILDING • 16,550 SF
      5225 Secor Rd, Toledo, OH 43623-2429
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    • Value Estimation by Request
      7,275 SF

      5450 Monroe St

      OFFICE BUILDING • 7,275 SF
      5450 Monroe St, Toledo, OH 43623-2879
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    • Value Estimation by Request
      4,426 SF

      5415 Secor Rd

      OFFICE BUILDING • 4,426 SF
      5415 Secor Rd, Toledo, OH 43623-1921
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    • Value Estimation by Request
      1,120 SF

      4222 Alexis Rd

      OFFICE BUILDING • 1,120 SF
      4222 Alexis Rd, Toledo, OH 43623-1244
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,848 SF

      Office Building with Flexible Layouts

      Office building with convenient access, parking, and adaptable floor plans.
      4210 W Sylvania Ave, Toledo, OH 43623
      View Details
    • $149,900
      0.42 Acres

      Toledo Executive Office Land

      Prime Sylvania Twp. office land, wooded cul-de-sac.
      5901 Renaissance Pl, Toledo, OH 43623
      View Details
    • $385,000
      13,214 SF

      Secor Road Office Building For Sale

      Toledo Office Space - 13,214 SF
      4428 Secor Rd, Toledo, OH 43623
      View Details
    • $149,900

      Sylvania Township Vacant Land

      Vacant land in Sylvania Township, perfect for office building.
      5901 Renaissance Pl, Toledo, OH 43623
      View Details
    • $185,000

      Four-Unit Multifamily Investment Opportunity

      Four-unit complex in Washington Local School District, all units leased.
      3456 W Alexis Rd, Toledo, OH 43623
      View Details
    • Contact for pricing
      3,972 SF

      Restaurant with Drive-Thru For Sale

      Fully equipped restaurant with drive-thru, ample parking, and high visibility.
      5395 Monroe St, Toledo, OH 43623
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      20,480 SF

      Toledo Medical Office Building For Lease

      Prime Medical Office Space Available in Toledo, OH
      3949 Sunforest Ct, Toledo, OH 43623
      View Details
    • $11 SF/Yr
      36,127 SF

      Talmadge Road Office/Retail Space

      2,710 SF office or retail space for lease.
      4427 Talmadge Rd, Toledo, OH 43623
      View Details
    • Contact for pricing
      44,922 SF

      Toledo Executive Office Suites

      Prime Sylvania Twp location, multiple suites available
      4149 Holland Sylvania Rd, Toledo, OH 43623
      View Details
    • $240 SF/Yr
      10,872 SF

      Toledo Medical Office Space for Lease

      10,872 SF Medical Office Building, Ohio
      3546 Sylvania Ave, Toledo, OH 43623
      View Details
    • Contact for pricing
      24,335 SF

      West Toledo Medical Office Sublease

      Modern medical suites, flexible space available
      3740 Sylvania Ave, Toledo, OH 43623
      View Details
    • $9 SF/Yr
      215 SF

      Single Office Space Available

      Single office space available for lease.
      5151 Monroe St, Toledo, OH 43623
      View Details
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    6049 Renaissance Pl
    Toledo, OH 43623-4711
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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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