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Property profile & analytics
FOR SALE
Car washes
616 N Reynolds Rd Toledo, OH 43615
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1590242
For Sale
1 / 5
$190,000
616 N Reynolds Rd, Toledo, OH 43615
View Listing →
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1975
Total area
3,864 SF
Lot
0.12 ac (5,353 SF)
Zoning code
10-CR
APN
20-60171
UPID
US66-1590242
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
-
Caress Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
First National Bank Of America · 1 yrs held
First National Bank Of America
since 2024
Last sale
$143,500
7 recorded transactions
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,542
Tax year 2023
Assessed value
$15,050
Assessed 2023
Previous assessed
$15,050
+0.0% YoY
Effective rate
10.25%
On assessed value
Assessed land
$1,855
Assessed improvement
$13,195
Land market value
$5,300
Improvement market value
$37,700
Total market value
$43,000
Applied tax rate
20.0000
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
Car washes
Use group
CAR WASH
Status
For Sale
Year built
1975
Heating
NONE
Stories
1
Total area
3,864 SF
Lot
0.12 ac (5,353 SF)
Zoning code
10-CR
APN
20-60171
UPID
US66-1590242
Jurisdiction
LUCAS
Zoning & alternative use
10-CR · Toledo, OH
Zoning 10-CR · permitted uses
10-CR · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
First National Bank Of America
Entity
Free & Clear · 1 yrs held
Mailing address
3603 BROOKSIDE RD, OTTAWA HILLS, OH 43606-2613
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 7, 2024
$143,500
First National Bank Of America
B&r Lorenzen Real Estate LLC
Limited Warranty Deed
—
May 19, 2022
$325,000
Nmi Hospitality INC
B&r Lorenzen Real Estate LLC
Land Contract
$200,000 · B&r Lorenzen Real Estate LLC
Feb 18, 2011
$660,000
U Do It Car Wash LLC
Joe & Garys Car Wash LLC
Warranty Deed
—
Jul 9, 2010
$677,400
Joe & Garys Car Wash LLC
Reichle,harlan
Quit Claim Deed
related
—
Feb 13, 2008
—
620 Reynolds-toledo LLC
Phil & Jerrys LLC
Warranty Deed
related
—
Sep 19, 2005
$476,600
Phil & Jerrys LLC
Naylor,john T
Warranty Deed
$488,250 · Huntington National Bank
—
—
Joe & Garys Car Wash LLC
—
Deed Of Trust
related
$786,250 · Signature Bank
—
—
Anthony Geisler
—
Deed Of Trust
related
$880,000 · Howard Geisler
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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