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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Strip malls
7600 Sylvania Ave Sylvania, OH 43560
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2319746
Property summary
AI-generated overview
This exceptional 43,944 square foot, fully occupied retail center in Sylvania, Ohio, presents a compelling investment opportunity. Anchored by Midwest Shooting Center, which will sign a 10-year leaseback upon closing, the property boasts a strong rent roll with numerous long-term tenants. Professionally managed, this multi-tenant storefront and shopping center complex sits on a 6.41-acre lot, offering ample space for potential value-add outlot development. Built in 2007, the center enjoys excellent visibility on a high-traffic retail corridor, directly across from a Kroger Shopping Plaza, and benefits from proximity to I-475/US 223 (2.6 miles). Its strategic location near shopping, medical offices, and residential areas ensures consistent customer traffic. The property's strong tenancy, substantial size, and prime location make it an ideal investment for discerning buyers seeking a stable, high-performing asset in a thriving Ohio market. The center is fully fire suppressed.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
43,944 SF
Lot
6.52 ac (283,958 SF)
Zoning code
31-B2
APN
82-05989
UPID
US66-2319746
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$3.02M
Owner & transaction history
Pikes Peak Investments LLC · 1 yrs held
Pikes Peak Investments LLC
since 2025
Last sale
$3.1M
1 recorded transaction
Zoning & alternative use
31-B2 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.5M
+24.8%
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 Sylvania submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvania 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
$2,710,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,565,000
Current use
MEDICAL BUILDING
$4,450,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,215,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$3,105,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±10% · vs last sale $3.10M (Jan 27 2021)
Last sale anchor
$3.10M
Jan 27 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
$69 / 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
$107,269
Tax year 2023
Assessed value
$1,085,000
Assessed 2023
Previous assessed
$1,085,000
+0.0% YoY
Effective rate
9.89%
On assessed value
Assessed land
$34,650
Assessed improvement
$1,050,350
Land market value
$99,000
Improvement market value
$3,001,000
Total market value
$3,100,000
Applied tax rate
82.0000
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
2007
Heating
NONE
Stories
1
Total area
43,944 SF
Lot
6.52 ac (283,958 SF)
Zoning code
31-B2
APN
82-05989
UPID
US66-2319746
Jurisdiction
LUCAS
Zoning & alternative use
31-B2 · Sylvania, OHZoning 31-B2 · permitted uses
31-B2 · Sylvania, 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2007
Heating
NONE
Stories
1
Lot
6.52 ac
Current owner
From public records · entity-resolved
Pikes Peak Investments LLC
Entity
Mailing address
8146 ASH RDG LN, FINDLAY, OH 45840-8030
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
—
Pikes Peak Investments LLC
—
Deed
related
$4,275,000 · Directions Cu
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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