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    6545 W Central Ave Toledo, OH 43615
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    Property profile & analytics

    6545 W Central Ave, Toledo, OH 43615

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    • Office buildings
    • 26,208 SF
    • 2.19 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    Toledo Office Space for Lease For Lease
    $16 SF/Yr
    1,754 SF

    Toledo Office Space for Lease

    Office space for lease in a convenient Toledo location.

    6545 W Central Ave, Toledo, OH
    View Listing
    Property ID
    US66-6052191
    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
    $1,005,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FRANCE LAW GROUP, LLC / Law Firm / Financial Advisor
    • Scott France / Law Firm / Financial Advisor
    • Steven E. Marcus / Law Firm
    • Edward L Snyder Law Offices / Law Firm
    • Falls & Marcus Attorneys At Law / Law Firm

    Property Details for 6545 W Central Ave

    Year built
    1988
    Lot size
    2.19 lot acres
    Zone code
    20-MX
    Property type
    Office buildings
    APN
    78-58942
    APU
    7858942

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 28, 2019 — Tolson Investments LLC — Loan Modification · related $3M · Pnc Bk
    Oct 31, 2014 — Tolson Investments LLC — Loan Modification, Consolidation And Extension · related $21.1M · Pnc Bk
    Sep 14, 2012 — Tolson Investments LLC Tolson,harvey A Quit Claim Deed —
    Sep 17, 2010 — Harvey A Tolson — Deed Of Trust · related $22.3M · Pnc Bank

    Description

    This exceptional two-story, Class B office building, totaling 26,439 square feet, offers multiple tenancy options. Two suites are currently available, ranging from 1,482 to 1,754 square feet, perfect for businesses seeking flexible and affordable space. Built in 1988, the property sits on 2.46 acres and boasts 102 parking spaces, along with ADA-compliant elevators. The building enjoys a highly visible location on Central Avenue, with 35,594 vehicles passing daily (2017 data), and benefits from a favorable Sylvania Township tax structure. Convenient access to I-475/SR 23 Interchange is within an eighth of a mile. Tenants can benefit from a tenant improvement allowance or utilize turnkey construction services provided through the landlord's network of contractors, engineers, and architects. The property offers a secure environment and is situated in a park-like setting, enhancing employee experience. Its strategic location provides easy access to downtown Toledo (10 minutes), Sylvania (5 minutes), Maumee (8 minutes), the 80/90 Turnpike, Levis Commons (10 minutes), Ann Arbor (40 minutes), and Detroit (45 minutes). Nearby amenities include convenient shopping, restaurants, and TARTA bus service. The property is zoned C-2 and has APN numbers 78-58941 and 78-58942.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,228,000
      Market price range: $830k - $2.81M
      AI Estimate
      $1,148,000
      Market price range: $739k - $2.22M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,660,000
      Current use
      COMMERCIAL (GENERAL)
      $1,595,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6995
    Latitude
    41.6746
    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
    $53,545
    $64,890
    $460,110
    $525,000
    -
    $185,400
    $1,314,600
    $1,500,000

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      3150 Mccord Rd

      OFFICE BUILDING
      3150 Mccord Rd, Toledo, OH 43617-1033
      View Details
    • Value Estimation by Request
      4,075 SF

      8015 Central Ave

      OFFICE BUILDING
      8015 Central Ave, Toledo, OH 43617-1533
      View Details
    • Value Estimation
      $1,025,000
      25,000 SF

      6561 Central Ave

      OFFICE BUILDING
      6561 Central Ave, Toledo, OH 43617
      View Details
    • Value Estimation
      $590,000
      6,148 SF

      3160 Central W Park

      OFFICE BUILDING
      3160 Central W Park, Toledo, OH 43617-1083
      View Details
    • Value Estimation by Request
      4,232 SF

      3220 Central W Park

      OFFICE BUILDING
      3220 Central W Park, Toledo, OH 43617-1009
      View Details
    • Value Estimation
      $710,000
      6,852 SF

      7644 Kings Pointe Rd

      OFFICE BUILDING
      7644 Kings Pointe Rd, Toledo, OH 43617-1500
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Lot Building For Sale

      1,690 SF building on 1.38 acre corner lot.
      7651 Central Ave, Toledo, OH 43617
      View Details
    • $3,738,937

      Class A Office Building

      Net leased office building in desirable business park.
      7311 Crossleigh Ct, Toledo, OH 43617
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    • Contact for pricing

      Office or Medical Build-to-Suit

      Office or medical space available for rent or purchase.
      3420-3460 Meijer Dr, Toledo, OH 43617
      View Details
    • Contact for pricing
      2,094 SF

      Sylvania Township Office For Sale

      2,094 SF office condo in Kings Pointe business park.
      7558-7600 Kings Pointe Rd, Toledo, OH 43617
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,605 SF

      Class A Office Space Available

      Unique office space with high visibility and efficient layout.
      7205 W Central Ave, Toledo, OH 43617
      View Details
    • Contact for pricing
      4,140 SF

      Professional Office Space Available

      Office space with multiple offices, conference rooms, and kitchen.
      3231 Central Park West, Toledo, OH 43617
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 7205 W. Central Avenue.
      7205 W Central Ave, Toledo, OH 43617
      View Details
    • Contact for pricing
      6,237 SF

      Raw Office Space For Rent

      5,391 SF unfinished office space with private entrance.
      3439 Granite Cir, Toledo, OH 43617
      View Details
    • Contact for pricing
      8,120 SF

      Office or Medical Space Available

      Up to 8,120 SF office or medical space for rent.
      3130 Central Park W, Toledo, OH 43617
      View Details
    • Contact for pricing
      480 SF

      Sylvania Twp Office For Rent

      Office space available for rent in Sylvania Township.
      3230 Central Park West, Toledo, OH 43617
      View Details
    View Listing
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    Toledo, OH 43615
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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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