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

    8134 Central Ave Toledo, OH 43617

    • Office space
    • 1,644 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2426218
    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

    • Office space

    Property Details for 8134 Central Ave

    Lot size
    1.00 lot acres
    Property size
    1,644 SF
    Property type
    Office space

    Description

    This exceptional mixed-use property, located at 8134 W Central Ave in Toledo, Ohio, presents a unique investment opportunity. The 1,644 square foot building sits on a one-acre lot in Lucas County, zip code 43617, and is zoned C1 and C2, making it ideal for a variety of commercial uses. Currently configured as a creative office space, the charming brick building offers ample room for expansion or customization. The property features a spacious layout, including a finished basement, and an oversized two-car attached garage. A delightful sunroom adds to the building's appeal. While some updates are recommended, the structure is in good condition and offers significant potential. The property's location within the Sylvania School District (Southview) provides a desirable address. The asking price is $259,900, translating to $158.09 per square foot. This represents a compelling value for a mixed-use property with significant potential in a convenient location. The one-acre lot offers ample space for outdoor activities or potential expansion. This property is perfect for an owner-operator seeking a blend of comfortable living and business operations.

    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
    -83.739607
    Latitude
    41.6741615

    Comparable in this City

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      Sylvania Township Office For Sale

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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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    • $395,500
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      Mixed-Use Building on Corner Lot

      1,690 SF building on 1.38 acre corner lot.
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    • $3,738,937
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      Class A Office Building

      Net leased Class A office building in desirable business park.
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    • $321,570

      Sylvania Township Land for Sale

      Land available in professional business park, Sylvania Township location.
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    Similar Nearby for Sale

    • $1,699,000
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      Class A Office Space Toledo

      Turn-key professional office or medical endcap suite for sale.
      3500 Granite Cir, Toledo, OH 43617
      View Details
    • $355,980
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      Sylvania Township Office For Sale

      2,094 SF office condo in Kings Pointe business park.
      7558-7600 Kings Pointe Rd, 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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    • $395,500
      1,690 SF

      Mixed-Use Building on Corner Lot

      1,690 SF building on 1.38 acre corner lot.
      7651 Central Ave, Toledo, OH 43617
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    • $3,738,937
      14,076 SF

      Class A Office Building

      Net leased Class A office building in desirable business park.
      7311 Crossleigh Ct, Toledo, OH 43617
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    • $766,800

      Sylvania Township Land For Sale

      Land available in Class A office development in Sylvania Township.
      0-7300 Crossleigh Ct, Sylvania Township, OH 43617
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr

      Sylvania Township Office Space Available

      Office space for lease in desirable Sylvania Township location.
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    • $479,000

      Office or Medical Build-to-Suit

      Office or medical space available for rent or purchase.
      3420-3460 Meijer Dr, Toledo, OH 43617
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    • $16 SF/Yr
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      Sylvania Township Office Space

      Exceptional office space with glass-walled offices and conference rooms.
      7616 Kings Pointe Rd, Toledo, OH 43617
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    • $18 SF/Yr
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      Meijer Drive Office Campus

      West Toledo Office Space, Build-to-Suit
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    • $11 SF/Yr
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      Sylvania Twp. Office Space Available

      Modern Office Suites, West Toledo
      3230 Central Park, Toledo, OH 43617
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    • $12 SF/Yr
      1,316 SF

      Sylvania Township Office Suite

      Professional office suite available in January 2026.
      2750-2758 Centennial Rd, Toledo, OH 43617
      View Details
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    8134 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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