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    Property profile & analytics

    8891 Central Ave Sylvania, OH 43560

    • Commercial real estate
    • 16.49 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2110352
    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 8891 Central Ave

    Lot size
    16.49 lot acres
    Property type
    Commercial real estate
    APN
    78-43624 & 78-43681

    Description

    This exceptional 16.49-acre property, located at 8891 & 8895 Central Ave in Sylvania, Ohio (Lucas County, zip code 43560), presents a unique investment opportunity. Zoned A3 – Agriculture and situated within the Central Avenue Overlay District, this land offers significant development potential. The asking price is $245,000, translating to $19,800 per acre. Parcel numbers are 78-43624 & 78-43681. The property's strategic location provides easy access to upscale residential areas, Secor Metropark, and Sylvania's main retail hub. Its proximity to Southview High School, Timberstone Junior High, and Central Trail Elementary School adds further appeal. This prime location benefits from the advantages of being in an Enterprise Zone, with the added benefit of no personal income taxes currently levied in Sylvania Township. All utilities are conveniently located just east of the property, simplifying infrastructure development. This versatile land parcel is ideal for a variety of commercial or agricultural uses, making it an attractive investment for discerning buyers seeking a high-potential development site in a thriving community.

    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
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.757218816099
    Latitude
    41.673556535843

    Comparable in this City

    • $118,750

      Sylvania Township Industrial Land Parcels

      Industrial/Commercial acreage available for development in Sylvania Township.
      8228 Silica Rd, Sylvania, OH 43560
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    • $198,000
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      Sylvania Commercial Land - $198K

      0.83-acre commercial lot, prime Sylvania location.
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      29 SF

      Sylvania Land for Development

      29-acre land parcel with direct access to Central Avenue.
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    • $562,500

      Sylvania Township Industrial Land

      Industrial/Commercial acreage available for development in Sylvania Township.
      3450 Centennial Rd, Sylvania, OH 43560
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    • $30,000

      Land Parcel Available For Sale

      Land parcel available for sale in Sylvania, Ohio.
      6015 Rudyard Rd, Sylvania, OH 43560
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      74.23 Acres

      Sylvania Industrial Land - 74 Acres

      Prime Ohio industrial land, multiple parcels available.
      3310 Herr Rd, Sylvania, OH 43560
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    Similar Nearby for Sale

    • $118,750

      Sylvania Township Industrial Land Parcels

      Industrial/Commercial acreage available for development in Sylvania Township.
      8228 Silica Rd, Sylvania, OH 43560
      View Details
    • $198,000
      0.83 Acres

      Sylvania Commercial Land - $198K

      0.83-acre commercial lot, prime Sylvania location.
      5810 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      29 SF

      Sylvania Land for Development

      29-acre land parcel with direct access to Central Avenue.
      9500 Central Ave, Sylvania, OH 43560
      View Details
    • $562,500

      Sylvania Township Industrial Land

      Industrial/Commercial acreage available for development in Sylvania Township.
      3450 Centennial Rd, Sylvania, OH 43560
      View Details
    • $30,000

      Land Parcel Available For Sale

      Land parcel available for sale in Sylvania, Ohio.
      6015 Rudyard Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Sylvania Township Land Parcels

      Multiple land parcels available for sale in Sylvania Township.
      8616 Central Ave, Sylvania, OH 43560
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
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      Retail Space in Sylvania, OH

      Retail space available for lease in Sylvania, Ohio.
      6600 Sylvania Ave, Sylvania, OH 43560
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      7,700 SF

      Proposed Shopping Center on Monroe

      Proposed 7,700 SF shopping center with high traffic.
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    • $812,500
      6,500 SF

      Class A Executive Office Space

      Executive office space with wooded views available for rent.
      6450 Monroe St, Sylvania, OH 43560
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    • $13 SF/Yr
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      Retail Space in Kroger Center

      Retail suites available in Kroger-anchored shadow center in Sylvania, Ohio.
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    8891 Central Ave
    Sylvania, OH 43560
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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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