| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 52nd | Good |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7445 Lunitas Ln, Perrysburg, OH, 43551, US |
| Region / Metro | Perrysburg |
| Year of Construction | 1975 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7445 Lunitas Ln Perrysburg 36-Unit Value-Add Multifamily
Neighborhood occupancy trends are steady and renter demand is meaningful for the submarket, according to WDSuite s CRE market data, providing a practical base for income stability at the property level. These indicators reflect the surrounding neighborhood rather than the property itself.
Perrysburg s inner-suburban setting offers balanced livability with everyday conveniences. Amenity access is competitive in the metro, with the neighborhood ranked 44th of 244 Toledo neighborhoods for overall amenities placing it in the top quartile locally. Café density performs well versus national peers, while grocery, parks, and pharmacy access track near or modestly above national medians, supporting day-to-day resident needs.
For investors, demand signals are anchored by a neighborhood occupancy rate that sits around the Toledo metro median and above the national median, based on CRE market data from WDSuite. The neighborhood s renter concentration is comparatively high (ranked 21st of 244 for share of renter-occupied housing units), indicating a deeper tenant base that can support leasing velocity and retention through cycles.
Within a 3-mile radius, demographics point to a stable population today with projections for modest population growth and a notable increase in households over the next five years. A smaller average household size is expected, which typically supports multifamily demand by expanding the renter pool and favoring smaller unit formats.
Ownership costs in the surrounding area are relatively accessible by national standards, which can introduce some competition with entry-level ownership options. At the same time, median contract rents and rent-to-income ratios in the neighborhood remain moderate, reinforcing lease retention and offering room for disciplined pricing without overextending affordability. Average school ratings trend below national benchmarks; investors should underwrite accordingly if targeting family renters and emphasize property-level amenities and management quality.
Safety metrics are mixed but improving. The neighborhood ranks 94th of 244 Toledo neighborhoods for overall crime, while its national positioning is moderately favorable, landing above the national median for safety. Year over year, estimated violent and property offenses have declined, indicating a constructive trend that investors can monitor for sustained improvement.
As always, safety conditions can vary within small areas and over time; investors should pair these directional indicators with on-the-ground diligence and compare submarket trends across Toledo for a fuller view of risk.
The area s employment base includes nearby corporate offices in building materials and manufacturing, which supports workforce housing demand and commute convenience for renters. The employers below represent the closest anchors relevant to day-to-day leasing dynamics.
- Owens Corning building materials (5.2 miles) HQ
- Owens-Illinois packaging (6.4 miles) HQ
- Dana automotive components (8.1 miles)
- Dana Holding automotive components (8.1 miles) HQ
- Dana Holding Corporation automotive components (9.3 miles)
Built in 1975, the property is older than the neighborhood s average vintage, suggesting potential value-add or targeted capital planning to sharpen competitive positioning against newer stock. Neighborhood fundamentals including above-national-median occupancy and a high share of renter-occupied housing units point to a solid tenant base and support for leasing stability. According to CRE market data from WDSuite, rents in the area remain moderate relative to incomes, which can aid retention and prudent rent management.
Within a 3-mile radius, forecasts indicate modest population growth and a larger household count with smaller average household sizes a combination that typically expands the renter pool and underpins demand for smaller-format units. While relatively accessible ownership costs may create some competition with entry-level homeownership, proximity to major employers and steady neighborhood demand drivers help support long-term fundamentals.
- 1975 vintage offers value-add and capex planning opportunities to enhance competitiveness
- High renter concentration locally supports a deeper tenant base and steady leasing
- Moderate rents relative to incomes aid retention and disciplined pricing
- Household growth and smaller household sizes (3-mile radius) support demand for smaller units
- Risk: accessible ownership options may compete with entry-level renters underwrite concessions and amenity strategy accordingly