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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7911 Central Ave Toledo, OH 43617

    • Commercial real estate
    • 3.69 lot acres
    For Sale
    View listing
    $600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1464154
    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

    • Commercial real estate

    Property Details for 7911 Central Ave

    Lot size
    3.69 lot acres
    Property type
    Commercial real estate
    APN
    78-60604

    Description

    This exceptional 3.69-acre commercial land parcel presents a unique investment opportunity in Toledo, Ohio. Located at 7911 W Central Ave, this property boasts a highly desirable C-2: Highway/General Commercial zoning designation, allowing for a wide range of development possibilities. The asking price is $600,000. Its strategic location offers unparalleled access to major transportation arteries. The site is conveniently situated just two miles from the US-23/I-475 interchange, ensuring excellent connectivity for businesses and their employees. Furthermore, Toledo Express Airport is only nine miles away, providing convenient access for air travel. The property's APN is 78-60604, and it's situated in Lucas County, Ohio, with a zip code of 43617. This location offers significant potential for build-to-suit opportunities, catering to a variety of commercial ventures. The expansive lot size provides ample space for substantial development, making it an ideal investment for developers seeking a prime location with high visibility and accessibility. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area of Toledo.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.732308317415
    Latitude
    41.67310366102

    Comparable in this City

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      West Central Avenue Development Land

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      4,638 SF

      Sylvania Township Office Condo

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    Similar Nearby for Sale

    • Contact for pricing
      5.00 Acres

      Toledo & Dayton Commercial Land

      Five acres, prime development opportunity.
      11 Central Ave, Toledo, OH 43617
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    • $479,000
      2.13 Acres

      Sylvania Twp Commercial Land - 2.13 Acres

      Prime Toledo development land, build-to-suit option.
      3420 Meijer Dr, Toledo, OH 43617
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      Sylvania Township Land for Sale

      Land available in professional business park, Sylvania Township location.
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      Sylvania Township Land For Sale

      Land available in Class A office development in Sylvania Township.
      0-7300 Crossleigh Ct, Sylvania Township, OH 43617
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    • $550,000

      West Central Avenue Development Land

      Development-ready land with C2 zoning and high traffic exposure.
      8015 W Central Ave, Toledo, OH 43617
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    • Contact for pricing
      4,638 SF

      Sylvania Township Office Condo

      Highly visible and accessible office condo in Sylvania Township.
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    Similar Nearby for Lease

    • $600,000

      Commercial Land For Lease

      Located in Lucas County, zoned C-2 Highway/General Commercial.
      7911 Central Ave, Toledo, OH 43617
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    • $16 SF/Yr
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      Sylvania Twp Medical Office Space

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    • $198 SF/Yr
      25,000 SF

      Central Park West Office Space

      Prime Toledo office, flexible suites.
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      Retail Space in Renovated Shoppes

      Renovated retail space with high visibility and ample parking.
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      Turn-Key Professional Office Space

      Class A office space available for sale or lease.
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    • $16 SF/Yr
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      Raw Office Space For Rent

      5,391 SF unfinished office space with private entrance.
      3439 Granite Cir, Toledo, OH 43617
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    7911 Central Ave
    Toledo, OH 43617
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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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