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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Warehouses
7610 New W Rd, Toledo, OH 43617-4201
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2605958
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
16,180 SF
Lot
0.96 ac (41,971 SF)
Zoning code
20-PUD
APN
79-75120
UPID
US66-2605958
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
$1.95M
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Elkay Plumbing Products Company · 4 yrs held
Elkay Plumbing Products Company
since 2022
7 recorded transactions
Zoning & alternative use
20-PUD · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+342.5%
Medical building
$1.2M
+107.7%
Auto repair, garage
$1.2M
+102.3%
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
$1,820,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
$1,985,000
6.5%
$1,835,000
7%
$1,705,000
Alternative Use
Use
Estimation
RESTAURANT
$2,555,000
Change: +342% · Conversion: Difficult
MEDICAL BUILDING
$1,200,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,165,000
Change: +102% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,140,000
Change: +98% · Conversion: Moderate
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10%
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
$116 / 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
$27,452
Tax year 2023
Assessed value
$264,740
Assessed 2023
Previous assessed
$264,740
+0.0% YoY
Effective rate
10.37%
On assessed value
Assessed land
$50,050
Assessed improvement
$214,690
Land market value
$143,000
Improvement market value
$613,400
Total market value
$756,400
Applied tax rate
79.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
16,180 SF
Lot
0.96 ac (41,971 SF)
Zoning code
20-PUD
APN
79-75120
UPID
US66-2605958
Jurisdiction
LUCAS
Zoning & alternative use
20-PUD · Toledo, OH
Zoning 20-PUD · permitted uses
20-PUD · 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
RESTAURANT
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
0.96 ac
Current owner
From public records · entity-resolved
Elkay Plumbing Products Company
Entity
Mailing address
511 W FRESHWATER WAY, MILWAUKEE, WI 53204-4113
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
—
Elkay Plumbing Products Company
Elkay Ohio Plumbing Products Compan
Quit Claim Deed
related
—
Sep 20, 2016
$2,100,000
Elkay Ohio Plumbing Products
Mr Acquisitions LLC
Grant Deed
—
Apr 15, 2013
—
Ryan N Schwartz
—
Deed Of Trust
related
$1,240,515 · Genoa Banking Co
Jun 10, 2011
—
Mr Acquisitions LLC
Mckarus,mark N
Warranty Deed
—
May 31, 2011
$750,000
Mark N Mckarus
Mckarus Enterprises LLC
Warranty Deed
$1,240,515 · Genoa Banking Co
Oct 31, 2006
$143,250
Mark Mckarus
Mcgowan-new West Ltd
Warranty Deed
—
—
—
Mr Acquisitions LLC
—
Deed Of Trust
related
$1,775,000 · Waterford Bk NA
—
—
Mr Acquisitions LLC
—
Deed Of Trust
related
$810,000 · Genoa Banking Co
—
—
M R Acquisitions LLC
—
Deed Of Trust
related
$395,000 · Courts & Records FCU
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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