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    Property profile & analytics

    9500 Central Ave Sylvania, OH 43560

    • Commercial real estate
    • 29.65 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5491119
    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 9500 Central Ave

    Lot size
    29.65 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 29.65-acre commercial land parcel presents a unique investment opportunity in the thriving Sylvania, Ohio market. Located at 9500 Central Ave, this property boasts significant pre-existing improvements and enjoys excellent visibility and accessibility due to its direct frontage on Central Avenue. The property is zoned Planned Unit Development (PUD), offering considerable flexibility for a wide range of commercial uses. This zoning designation allows for creative development plans, catering to diverse project visions. The substantial lot size provides ample space for large-scale projects, while the strategic location ensures high traffic exposure and easy access for customers and employees. Further enhancing its appeal, the property includes valuable recovery rights. The sale price is negotiable, making this an attractive proposition for discerning investors and developers seeking a prime location in a dynamic market. This is an exceptional opportunity to acquire a significant land holding in a desirable area with considerable potential for future growth and profitability. Serious inquiries are encouraged. Located in Lucas County, Ohio, zip code 43560.

    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
    -83.773678
    Latitude
    41.680032

    Comparable in this City

    • $198,000
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      Sylvania Commercial Land - $198K

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      5810 Monroe St, Sylvania, OH 43560
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      29 SF

      Sylvania Land for Development

      29-acre land parcel with direct access to Central Avenue.
      9500 Central Ave, Sylvania, OH 43560
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    • $30,000

      Land Parcel Available For Sale

      Land parcel available for sale in Sylvania, Ohio.
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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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    • $35,000

      Sylvania Land Parcel For Sale

      Land parcel available in Sylvania, Ohio.
      6015 Roan Rd, Sylvania, OH 43560
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    • $35,000

      Land Parcel in Sylvania, Ohio

      Land available in Sylvania, Ohio.
      6059 Roan Rd, Sylvania, OH 43560
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    Similar Nearby for Sale

    • $198,000
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      Sylvania Commercial Land - $198K

      0.83-acre commercial lot, prime Sylvania location.
      5810 Monroe St, Sylvania, OH 43560
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    • 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
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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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    • $35,000

      Sylvania Land Parcel For Sale

      Land parcel available in Sylvania, Ohio.
      6015 Roan Rd, Sylvania, OH 43560
      View Details
    • $35,000

      Land Parcel in Sylvania, Ohio

      Land available in Sylvania, Ohio.
      6059 Roan Rd, Sylvania, OH 43560
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    Similar Nearby for Lease

    • $9 SF/Yr
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      West Toledo Retail Space Available

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    • $9 SF/Yr
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      Sylvania Retail Plaza - Main St

      High-traffic retail space available.
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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
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      Class A Executive Office Space

      Executive office space with wooded views available for rent.
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    • $14 SF/Yr
      13,500 SF

      Sylvania Township Office Space Available

      Second-generation office space near ProMedica Flower Hospital and US-23.
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    9500 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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