909 Phillips Ave Toledo, OH 43612-1336
Property profile & analytics
909 Phillips Ave Toledo, OH 43612-1336
- Retail space
- 25,112 SF
- 0.58 lot acres
Property ID
US66-1445780
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
- Superior Uniform Sales, Inc. / Clothing Store / Uniform Store
Property Details for 909 Phillips Ave
- Year built
- 1950
- Lot size
- 0.58 lot acres
- Property size
- 25,112 SF
- Zone code
- 10-MX
- Property type
- Retail space
- APN
- 12-09687
- APU
- 1209687
Description
This exceptional industrial investment property, located at 909 Phillips Avenue in Toledo, Ohio, presents a compelling opportunity. The 35,770 square foot building boasts a strong 10.04% capitalization rate and a net operating income (NOI) of $105,382. Currently housing two tenants, a significant portion (26,000 square feet, or 73% of the building) is occupied by a major tenant under a long-term, 10-year triple net (NNN) lease. This means the tenant is responsible for all operating expenses, including real estate taxes, building insurance, and common area maintenance, minimizing the owner's operational burden. The property also features a half-acre fenced and paved asphalt storage lot, providing ample space for storage and operations. Strategically situated on the southeast corner of Phillips Avenue and Haverhill Drive, just west of I-75, this location offers excellent access to major transportation routes. The asking price is $1,050,000, translating to a price per square foot of $29.35. This property is classified as flex, manufacturing, and warehouse space, making it suitable for a variety of industrial uses. The property's strong tenant base, favorable lease terms, and prime location make it an attractive investment prospect.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $885,000
- ML approach
- $1,075,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $857,000
- AI Estimate
- $923,000
Market price range: $689k - $2.12MMarket price range: $767k - $2.37M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,340,000 Current use
- OFFICE BUILDING
- $1,590,000 Change: +19% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,530,000 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
- -83.5637
- Latitude
- 41.6916
- 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
$13,765
$11,375
$135,870
$147,245
-
$32,500
$388,200
$420,700
