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5532 Douglas Rd 3,588 SF 100% Leased Retail Building Toledo, OH 43613 $330,000 ($91.97/SF) 12.14% Cap Rate
Investment Highlights
- Fully leased mixed-use property with two long-term NNN tenants.
- Excellent visibility and accessibility with extended curb cut along Douglas Road.
- Recent upgrades include new flooring, flat roof, HVAC system, and water heater.
- Zoned for multiple commercial uses with Special Use Permits in place.
Executive Summary
5532 Douglas Road presents a fully leased mixed-use investment opportunity in Toledo, Ohio. The property spans 3,588 square feet and is situated on a 0.15-acre parcel with convenient access to major thoroughfares, including W. Alexis Road and Douglas Road. Zoned Duplex Residence with Special Use Permits, the building accommodates a variety of commercial uses, enhancing its long-term investment appeal.
The two-story structure features a first-floor commercial unit and a second-floor apartment, both occupied by Milestones Development Center under five-year NNN leases with renewal options. Recent capital improvements include new flooring, a flat roof, updated HVAC system, and water heater, reducing near-term maintenance risk.
With a sale price of $330,000, the property offers a strong in-place income stream, generating a net operating income of $40,056 and a cap rate of 12.14%. Positioned just a quarter mile south of W. Alexis Road, the site benefits from excellent visibility, extended curb cut access, and traffic counts exceeding 10,000 vehicles per day on Douglas Road. This asset provides investors with stable cash flow and minimal landlord responsibilities in a growing Toledo submarket.
The two-story structure features a first-floor commercial unit and a second-floor apartment, both occupied by Milestones Development Center under five-year NNN leases with renewal options. Recent capital improvements include new flooring, a flat roof, updated HVAC system, and water heater, reducing near-term maintenance risk.
With a sale price of $330,000, the property offers a strong in-place income stream, generating a net operating income of $40,056 and a cap rate of 12.14%. Positioned just a quarter mile south of W. Alexis Road, the site benefits from excellent visibility, extended curb cut access, and traffic counts exceeding 10,000 vehicles per day on Douglas Road. This asset provides investors with stable cash flow and minimal landlord responsibilities in a growing Toledo submarket.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,588 SF
Building Class
C
Year Built/Renovated
1965/2021
Price
$330,000
Price Per SF
$91.97
Cap Rate
12.14%
NOI
$40,062
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.15 AC
Zoning
RD6 - Zoning aims to create neighborhoods with a suburban feel, providing space for yards and gardens while maintaining a moderate density of housing.
Parking
9 Spaces (2.51 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-20351 | Improvements Assessment | $46,445 |
| Land Assessment | $5,075 | Total Assessment | $51,520 |
Property Taxes
Parcel Number
23-20351
Land Assessment
$5,075
Improvements Assessment
$46,445
Total Assessment
$51,520
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5532 Douglas Rd
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