4701 Talmadge RdToledo, OH 43623

Property Details for 4701 Talmadge Rd

Year built

1984

Lot size

7.16 AC

Property size (Sq ft)

59,546 SF

Zone code

10-CRSO

Property type

Strip malls

Property subtype

Neighborhood centers

APN

24-00303

APU

2400303

Description

This exceptional investment opportunity presents a 61,139-square-foot, 95% occupied retail shopping center in Toledo, Ohio. Located at 4701 Talmadge Rd, this two-story, single-building property boasts nine tenants operating under triple-net (NNN) leases, offering a strong, diversified income stream. The property, built in 1984 and renovated in 2022, sits on a 7.16-acre lot and benefits from a prime location adjacent to Franklin Park Mall, a major regional shopping center. The property enjoys excellent visibility and accessibility, situated at the corner of Talmadge Avenue and Monroe Street, two high-traffic roads providing easy access to Interstates 475 and US-23. The area features a robust retail market with over 17.8 million square feet of retail space within a five-mile radius and a significant healthcare market, with several major hospitals nearby. The University of Toledo, with over 13,950 students, is also within a short distance. The current asking price is $5,500,000, representing a compelling cap rate of 8.04% and a price per square foot of $89.96. The property's strong occupancy rate, long-term leases (with 81.5% of tenancy leased through 2030 and beyond), and strategic location make it an attractive investment for discerning buyers. The property's Net Operating Income (NOI) is $442,170. Lease terms and rent bumps are available upon request. The property is zoned for commercial use and is offered fee simple. This is a value-add investment opportunity with significant potential for future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $11,567,800

  6.5%

  $10,678,000

  7%

  $9,915,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,792,730

  Geo Method

  $5,792,730

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,717,000

  Mixed-Use / Specialty

  $10,682,800

  Hospitality / Lodging

  $7,893,490

  Office

  $10,664,000

  Institutional / Educational

  $11,121,200

  Residential Income

  $13,011,800

  Multifamily

  $15,367,800

  Automotive / Energy

  $9,532,420

  Parking / Income-Based Land

  $3,247,150

  Restaurant / Food Service

  $5,647,750

  Healthcare / Senior Housing

  $10,911,000

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.7019

Longitude

-83.6465

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].