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    Property profile & analytics

    6600 Sylvania Ave Sylvania, OH 43560

    • Strip malls
    • 42,791 SF
    • 0.69 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1597338
    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

    • American Cancer Society / Thrift Store / Consignment Shop
    • Cherry Vision Center / Optician / Contact Lenses Supplier
    • Ross M. Chaban, LPCC / Counselor
    • Chad Szczepanski: Allstate Insurance / Insurance Agency / Auto Insurance Agency
    • Hot Head Burritos / Tex-Mex Restaurant / Burrito Restaurant

    Property Details for 6600 Sylvania Ave

    Year built
    1973
    Lot size
    0.69 lot acres
    Property size
    42,791 SF
    Zone code
    31-B1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    82-29501
    APU
    8229501

    Description

    Saxon Square, a well-established landmark in Sylvania, Ohio, presents a unique opportunity for businesses seeking prime retail or office space. This two-story, 31,000 square foot strip center boasts a highly visible location at the corner of McCord Road and Sylvania Avenue, providing exceptional accessibility and exposure. With over 21,800 vehicles passing daily on Sylvania Avenue, this property offers unparalleled visibility and four convenient access points. The ground floor features a mix of established retail shops, boutiques, services, and restaurants, creating a vibrant and thriving commercial environment. Three spaces are currently available, ranging in size from 833 to 2,240 square feet, providing flexibility for various business needs. The second floor, encompassing 8,000 square feet, offers affordable and convenient office space, ideal for smaller businesses or professional services. The building includes elevators for easy access to both levels. Saxon Square's long-standing success and prime location in a high-traffic area make it an exceptional investment opportunity for businesses seeking to establish or expand their presence in the Toledo market. This landmark property offers a blend of retail and office space, ensuring a diverse and thriving tenant base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,291,000
      Market price range: $1.42M - $6.01M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,470,000
      Current use
      MEDICAL BUILDING
      $4,330,000
      Change: +25% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,135,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $3,025,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7025
    Latitude
    41.6906
    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
    $77,191
    $40,775
    $747,215
    $787,990
    -
    $116,500
    $2,134,900
    $2,251,400

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      6461 Monroe St

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      6461 Monroe St, Sylvania, OH 43560-1447
      View Details
    • Value Estimation by Request
      0.45 Acres

      6536 Sylvania Ave

      SHOPPING CENTER, STRIP CENTER • 0.45 Acres
      6536 Sylvania Ave, Sylvania, OH 43560-3917
      View Details
    • Value Estimation by Request
      9,000 SF

      5648 Main St

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      5648 Main St, Sylvania, OH 43560-3940
      View Details
    • Value Estimation by Request
      6,864 SF

      5601 Alexis Rd

      SHOPPING CENTER, STRIP CENTER • 6,864 SF
      5601 Alexis Rd, Sylvania, OH 43560-2350
      View Details
    • Value Estimation by Request
      4,240 SF

      6489 Monroe St

      SHOPPING CENTER, STRIP CENTER • 4,240 SF
      6489 Monroe St, Sylvania, OH 43560-1431
      View Details
    • Value Estimation
      $2,440,000
      28,500 SF

      4900 Mccord Rd

      SHOPPING CENTER, STRIP CENTER • 28,500 SF
      4900 Mccord Rd, Sylvania, OH 43560-3195
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.56 Acres

      Sylvania Retail Opportunity

      14,564 SF Vacant Rite Aid Building
      8310 Sylvania-Metamora Rd, Sylvania, OH 43560
      View Details
    • $900,000
      3,365 SF

      Caress Car Wash: Sylvania, OH

      Profitable Car Wash, High Traffic Area
      7528 Sylvan Towne Dr, Toledo, OH 43560
      View Details
    • $900,000
      3,365 SF

      Sylvania Car Wash For Sale

      Well-maintained car wash with updated equipment in Sylvania, Ohio.
      7528 Sylvan Towne Dr, Sylvania, OH 43560
      View Details
    • Contact for pricing
      70,497 SF

      Medical Office Suites Available

      Healthcare suites with private amenities near retail and hospital.
      7640 West Sylvania Ave, Sylvania, OH 43560
      View Details
    • $925,000
      8,784 SF

      Office Space in Prime Location

      Sleek office space ideal for startups or established companies.
      6711 Monroe St, Toledo, OH 43560
      View Details
    • $198,000
      0.83 Acres

      Sylvania Commercial Land - $198K

      0.83-acre commercial lot, prime Sylvania location.
      5810 Monroe St, Sylvania, OH 43560
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,700 SF

      Proposed Shopping Center on Monroe

      Proposed 7,700 SF shopping center with high traffic.
      6404 Monroe St, Sylvania, OH 43560
      View Details
    • $12 SF/Yr
      37,214 SF

      Sylvania Retail Center Opportunity

      Prime Sylvania location, 3 suites available
      5801-5829 Monroe St, Sylvania, OH 43560
      View Details
    • $9 SF/Yr
      28,500 SF

      West Toledo Retail Space Available

      High-traffic storefront, flexible space
      4900 Mccord Rd, Sylvania, OH 43560
      View Details
    • $9 SF/Yr
      28,660 SF

      Sylvania Retail Plaza - Main St

      High-traffic retail space available.
      4981 Main St, Sylvania, OH 43560
      View Details
    • $17 SF/Yr
      2,100 SF

      Retail Space in Sylvania, OH

      Retail space available for lease in Sylvania, Ohio.
      6600 Sylvania Ave, Sylvania, OH 43560
      View Details
    • Contact for pricing
      1,750 SF

      Sylvania Township Retail/Office Space

      1,750 SF renovated retail or office space for lease.
      5270 Alexis Rd, Sylvania, OH 43560
      View Details
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    6600 Sylvania Ave
    Sylvania, OH 43560
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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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