| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 52nd | Good |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7404 Lunitas Ln, Perrysburg, OH, 43551, US |
| Region / Metro | Perrysburg |
| Year of Construction | 1975 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7404 Lunitas Ln Perrysburg Multifamily Investment
Neighborhood occupancy remains steady with a deep renter-occupied base, supporting durable leasing fundamentals according to WDSuite’s CRE market data. Position within the Toledo metro’s inner suburbs adds demand stability from nearby employment and services.
Located in Perrysburg’s inner-suburban context of the Toledo, OH metro, the property benefits from an A- neighborhood rating and sits competitive among metro peers (rank 50 out of 244 neighborhoods). Neighborhood occupancy is 93.2% (neighborhood metric), indicating stable renter demand rather than property-specific performance.
Amenities are balanced: grocery and daily-needs access track near national midpoints, while cafes score stronger (around the 71st percentile nationally). Parks and pharmacies land in the upper half nationwide, providing everyday convenience valued by renters. Average school ratings are lower for the neighborhood, which may temper family-driven demand; investors may lean into product positioning that resonates with singles and couples.
Tenure data shows a higher share of renter-occupied housing (55.9%) relative to many U.S. neighborhoods (high national percentile), translating to a deeper tenant base for multifamily. Median contract rents and a rent-to-income ratio around mid-range support retention and lease management flexibility, rather than aggressive pricing assumptions.
Within a 3-mile radius, demographics indicate a broadly stable population with a modest near-term uptick projected by 2028, alongside a notable increase in household counts and smaller average household sizes. For investors, that points to gradual renter pool expansion and demand for efficient units, supporting occupancy stability over the medium term.
Home values in the neighborhood are lower relative to national benchmarks, which can make ownership more accessible. In practice, that can introduce some competition with entry-level ownership; however, multifamily can retain demand through convenience, professional management, and location advantages close to employment and services.
Neighborhood safety trends compare favorably to national norms, with the area sitting above the national median for safety (higher national percentile indicates safer). It is competitive among Toledo neighborhoods (50th out of 244 is within the stronger portion of the metro distribution), and recent data points to year-over-year improvement in both property and violent offense rates.
As always, safety can vary by micro-location and time of day. Investors should underwrite using current, neighborhood-level trend data and consider on-site measures that support resident comfort and retention.
Proximity to established employers underpins steady renter demand and commute convenience. Nearby anchors include Owens Corning, Owens-Illinois, and Dana’s regional offices, with additional depth from Dana Holding and other corporate operations.
- Owens Corning — building materials HQ (5.2 miles) — HQ
- Owens-Illinois — packaging HQ (6.5 miles) — HQ
- Dana — auto parts offices (8.1 miles)
- Dana Holding — auto parts HQ (8.2 miles) — HQ
- Dana Holding Corporation — auto parts offices (9.3 miles)
This 36-unit asset built in 1975 offers a practical value-add path: vintage implies the need for targeted capital planning, with renovation or systems modernization as potential levers to enhance competitiveness against newer stock. Neighborhood metrics signal durable demand: a high share of renter-occupied housing supports depth of the tenant base, while neighborhood occupancy around the low-90s (neighborhood measure) points to steady leasing conditions. According to CRE market data from WDSuite, rents sit at attainable levels relative to local incomes, supporting retention and measured rent management rather than outsized growth assumptions.
Within a 3-mile radius, projections indicate modest population growth and a meaningful increase in households by 2028, alongside smaller average household sizes—factors that can expand the renter pool for efficiently designed units. Balanced amenities, improving safety trends, and proximity to Toledo’s employment centers further reinforce a stable operating backdrop, while investors should remain mindful of competition from relatively accessible homeownership and local school quality when positioning the resident profile.
- Value-add potential from 1975 vintage through strategic renovations and systems upgrades
- Stable neighborhood occupancy and high renter-occupied share support demand depth
- Household growth and smaller household sizes within 3 miles point to renter pool expansion
- Commutable access to major employers in Toledo underpins leasing stability
- Risks: competition from accessible ownership, lower neighborhood school ratings, and capex needs typical of 1970s assets