821 W Alexis Rd Toledo, OH 43612
Property Lookup
Property profile & analytics
821 W Alexis Rd Toledo, OH 43612
- Community centers
- 90,507 SF
- 9.88 lot acres
Property ID
US66-1904158
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.
Location Intelligence
Current Use by Public Records
- Ocean Garden Buffet / Restaurant
- New Star Beauty Supply / (Bike/Boat/Book/etc) Store / Cosmetic Store
- Aaron's Rent To Own / Furniture & Home Goods / Home Decor Store
- Penn Station East Coast Subs / Take-out & Catering
- Vape Super Center / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
Property Details for 821 W Alexis Rd
- Year built
- 1990
- Lot size
- 9.88 lot acres
- Property size
- 90,507 SF
- Zone code
- 10-CRSO
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 22-88541
- APU
- 2288541
Description
North Towne Commons, located at 821 W. Alexis Rd, Toledo, OH 43612, presents a rare leasing opportunity within a thriving super regional shopping center. This 90,507 square foot property, situated in Lucas County, offers multiple tenancy options ranging from 13,000 to 30,925 square feet. The center boasts a strong anchor tenant lineup including Kroger, a remodeled Target (2021), and Office Max, ensuring high foot traffic and visibility. Numerous national in-line tenants such as Aaron's, Shoe Show Mega Store, and Penn Station further enhance the center's appeal and draw a diverse customer base. The property is professionally maintained and benefits from a primary access point with a traffic signal, maximizing convenience and exposure. North Towne Commons is part of a larger 400,000 square foot retail development at the southeast corner of Alexis Rd. and Lewis Ave., strategically positioned to serve residents of North and West Toledo, as well as Southeastern Michigan. The area's robust economy is supported by significant employers, including major players like GM Powertrain Toledo Transmission Operations and Chrysler Toledo Assembly Plant, providing a substantial and stable consumer base for the retail center. This prime location offers exceptional potential for businesses seeking high visibility and a strong customer base in a well-established retail environment.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $11,485,000
- 6.5%
- $10,600,000
- 7%
- $9,845,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,565,000
- AI Estimate
- $5,988,000
Market price range: $2.60M - $9.57MMarket price range: $1.81M - $5.99M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $6,385,000 Current use
- RESTAURANT
- $14,280,000 Change: +124% Conversion: Difficult
- MEDICAL BUILDING
- $6,705,000 Change: +5% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,590,000 Change: +3% Conversion: Difficult
- OFFICE BUILDING
- $5,735,000 Change: -10% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $5,515,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5621
- Latitude
- 41.7197
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$288,465
$889,980
$2,149,980
$3,039,960
-
$2,542,800
$6,142,800
$8,685,600
