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Property profile & analytics
OFF-MARKET
Estimated value
$45,520,000
Apartment buildings
Riverside Dr, Toledo, OH 43608
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2934444
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
295,753 SF
Lot
10.29 ac (448,189 SF)
Zoning code
10-CM
APN
18-87745
UPID
US66-2934444
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$45.52M
Owner & transaction history
Marina Loft Acquisitions LLC · 4 yrs held
Marina Loft Acquisitions LLC
since 2021
Last sale
$51.5M
2 recorded transactions
Zoning & alternative use
10-CM · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$46.7M
+303.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$40,730,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$41,540,000
6.5%
$38,345,000
7%
$35,605,000
Alternative Use
Use
Estimation
RESTAURANT
$46,665,000
Change: +304% · Conversion: Difficult
Blend value · Realmo final
$45.52M
Range $40.97M – $50.07M · ±10% · vs last sale $51.50M (Aug 23 2021)
Last sale anchor
$51.50M
Aug 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$47,650
Tax year 2023
Assessed value
$493,570
Assessed 2023
Previous assessed
$493,570
+0.0% YoY
Effective rate
9.65%
On assessed value
Assessed land
$493,570
Land market value
$1,410,200
Total market value
$1,410,200
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Heating
NONE
Stories
3
Units
96
Total area
295,753 SF
Lot
10.29 ac (448,189 SF)
Zoning code
10-CM
APN
18-87745
UPID
US66-2934444
Jurisdiction
LUCAS
Zoning & alternative use
10-CM · Toledo, OH
Zoning 10-CM · permitted uses
10-CM · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$46.7M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
3
Units
96
Lot
10.29 ac
Current owner
From public records · entity-resolved
Marina Loft Acquisitions LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 MARITIME PLZ STE #701, TOLEDO, OH 43604-1853
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2021
—
Marina Loft Acquisitions LLC
Toledo Lucas County Port Authority
Lease
—
Aug 23, 2021
$52,000,000
Marina Lofts Borrower LLC
Marina Lofts Acquisitions LLC
Limited Warranty Deed
$39,975,000 · Bell Wether Enterprise Real Estate
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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