Entity Owned Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 25,112 SF
- Lot area
- 0.58 ac
- Year built
- 1950
- Stories
- 2
- APN
- 12-09687
- Zoning
- 10-MX
- Assessed value · 2023
- $147,245
- Annual tax · 2023
- $13,765
- Commercial (general)
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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