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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Strip malls
6636 Bancroft St Toledo, OH 43615-3187
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0249956
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
4,218 SF
Lot
0.13 ac (5,746 SF)
Zoning code
20-C1
APN
78-45137
UPID
US66-0249956
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
-
Tj Mart Grocery & Convenience Store
-
Pipe Dreams Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$408k
Blend (final)
Blend
$565k
Owner & transaction history
Board Of Lucas County · 3 yrs held
Board Of Lucas County
since 2023
Last sale
$575,000
5 recorded transactions
Zoning & alternative use
20-C1 · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$345,000
+16.5%
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
$650,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
RETAIL STORES
$345,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $575k (May 14 2024)
Last sale anchor
$575k
May 14 2024
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
$134 / 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
$7,674
Tax year 2023
Assessed value
$74,620
Assessed 2023
Previous assessed
$74,620
+0.0% YoY
Effective rate
10.28%
On assessed value
Assessed land
$13,650
Assessed improvement
$60,970
Land market value
$39,000
Improvement market value
$174,200
Total market value
$213,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
NONE
Stories
1
Total area
4,218 SF
Lot
0.13 ac (5,746 SF)
Zoning code
20-C1
APN
78-45137
UPID
US66-0249956
Jurisdiction
LUCAS
Zoning & alternative use
20-C1 · Toledo, OHZoning 20-C1 · permitted uses
20-C1 · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$345,000
RETAIL STORES
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
2000
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Board Of Lucas County
Entity
Mailing address
3455 BRIARFIELD BLVD STE B, MAUMEE, OH 43537-8933
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2023
$69,475
Board Of Lucas County
Jtm Brooke Park Ltd
Warranty Deed
—
Jul 13, 2016
—
Jtm Brooke Park Ltd
—
Deed
related
$9,100,000 · Waterford Bk NA
Mar 14, 2005
—
Jtm Brooke Park Ltd
Briarfield Lam Ltd
Warranty Deed
—
—
—
Jtm Brooke Park Ltd
—
Deed Of Trust
related
—
—
—
Jtm Brooke Park Ltd
—
Deed Of Trust
related
$9,100,000 · Waterford Bk NA
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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