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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Office buildings
6629 Central Ave Toledo, OH 43617-1098
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-0902167
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
26,112 SF
Lot
2.28 ac (99,491 SF)
Zoning code
20-MX
APN
78-58920
UPID
US66-0902167
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
-
Harbor Medical Clinic
-
Bushra Qureishi Physician
-
Danielle Delong Physician Medical Clinic
-
John Gherman Physician
-
Amanda Mullins Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.45M
Owner & transaction history
6629 W Central Avenue LLC · 5 yrs held
6629 W Central Avenue LLC
since 2021
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
20-MX · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+16.9%
Auto repair, garage
$1.9M
+13.8%
Neighborhood: shopping center
$1.8M
+11.3%
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
Method
Estimation
Statistic approach
$1,185,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,655,000
Current use
MEDICAL BUILDING
$1,935,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,885,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,840,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,695,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,590,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.50M (Apr 19 2021)
Last sale anchor
$1.50M
Apr 19 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
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
$63,879
Tax year 2023
Assessed value
$619,990
Assessed 2023
Previous assessed
$619,990
+0.0% YoY
Effective rate
10.30%
On assessed value
Assessed land
$71,785
Assessed improvement
$548,205
Land market value
$205,100
Improvement market value
$1,566,300
Total market value
$1,771,400
Applied tax rate
78.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
NONE
Stories
2
Total area
26,112 SF
Lot
2.28 ac (99,491 SF)
Zoning code
20-MX
APN
78-58920
UPID
US66-0902167
Jurisdiction
LUCAS
Zoning & alternative use
20-MX · Toledo, OH
Zoning 20-MX · permitted uses
20-MX · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
6629 W Central Avenue LLC
Entity
Mailing address
PO BOX 121, HOWELL, NJ 07731-0121
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
$1,498,000
6629 W Central Avenue LLC
Lifestream LLC
Limited Warranty Deed
$975,000 · Velocity Commercial Capital LLC
Dec 1, 2015
$1,385,000
Lifestream LLC
Jpm Holdings LLC
Warranty Deed
$1,400,000 · Signature Bank NA
Feb 14, 2006
—
Schwerkoske Family Ptshp Ltd
Schwerkoske Family LLC
Quit Claim Deed
—
Feb 3, 2004
$18,000
Schwerkoske Family LP
Central Avenue Ltd
Quit Claim Deed
related
—
Feb 2, 2004
—
Schwerkoske Family LLC
Schwerkoske Family LP
Quit Claim Deed
related
$1,830,000 · Sky Bank
Dec 31, 2003
—
Schwerkoske Family LP
Central Avenue Ltd
Grant Deed
related
—
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.
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