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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Office buildings
812 Lafayette St Toledo, OH 43604
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-2202195
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1897
Total area
13,240 SF
Lot
0.09 ac (3,966 SF)
Zoning code
10-CD
APN
12-16324
UPID
US66-2202195
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
-
Heirloom Luxury Studio (Bike/Boat/Book/etc) Store Photography Service
-
Rikki Renee Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Applocations LLC · 5 yrs held
Applocations LLC
since 2021
Last sale
$971,300
2 recorded transactions
Zoning & alternative use
10-CD · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$980,000
+16.9%
Auto repair, garage
$955,000
+13.8%
Neighborhood: shopping center
$935,000
+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
$770,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$840,000
Current use
MEDICAL BUILDING
$980,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$955,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$860,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$805,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $971k (Jan 20 2021)
Last sale anchor
$971k
Jan 20 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
$58 / 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
$8,497
Tax year 2023
Assessed value
$91,945
Assessed 2023
Previous assessed
$91,945
+0.0% YoY
Effective rate
9.24%
On assessed value
Assessed land
$2,345
Assessed improvement
$89,600
Land market value
$6,700
Improvement market value
$256,000
Total market value
$262,700
Applied tax rate
12.0000
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
1897
Heating
NONE
Stories
3
Total area
13,240 SF
Lot
0.09 ac (3,966 SF)
Zoning code
10-CD
APN
12-16324
UPID
US66-2202195
Jurisdiction
LUCAS
Zoning & alternative use
10-CD · Toledo, OHZoning 10-CD · permitted uses
10-CD · 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
OFFICE BUILDING Current
Est. value
$840,000
MEDICAL BUILDING
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
RETAIL STORES
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$805,000
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
1897
Heating
NONE
Stories
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Applocations LLC
Entity
Free & Clear · 5 yrs held
Mailing address
136 N HURON ST, TOLEDO, OH 43604-1139
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2021
—
Applocations LLC
Bakery Bulding LLC
Grant Deed
—
Aug 9, 2016
$550,000
Bakery Building LLC
Seyfang,robert F
Warranty Deed
—
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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