| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 81st | Best |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9558 Mandell Rd, Perrysburg, OH, 43551, US |
| Region / Metro | Perrysburg |
| Year of Construction | 1982 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9558 Mandell Rd Perrysburg Multifamily Investment
Stable renter demand and high neighborhood occupancy support consistent cash flow potential, according to WDSuite’s CRE market data. The suburban setting favors retention and measured rent growth where pricing remains below typical rent-to-income thresholds.
This suburban Perrysburg location carries a B+ neighborhood rating and demonstrates leasing resilience: neighborhood occupancy is in the top quartile among 244 Toledo metro neighborhoods and in the upper national percentiles, per WDSuite. Note that occupancy refers to the neighborhood, not the property.
Household incomes in the neighborhood benchmark above many peers (80th national percentile), and renter affordability is favorable with a low rent-to-income profile, which can support retention and disciplined rent management. Home values sit around the national middle, creating a high-cost ownership context relative to local rents that can sustain reliance on multifamily housing rather than competing head-on with for-sale options.
Within a 3-mile radius, population has grown modestly in recent years while the number of households has increased faster, and forecasts point to more households alongside smaller average household sizes. For multifamily investors, that shift indicates a broader tenant base over time and supports occupancy stability even if population growth moderates.
Amenities inside the immediate neighborhood are limited (low amenity density and few cafes, groceries, or parks), reinforcing a car-oriented profile. Childcare coverage is comparatively stronger than many peer areas. Educational attainment is in the top quartile nationally, which can correlate with steadier income streams and leasing performance. Investors should underwrite with the suburban convenience narrative and proximity to job centers rather than walkable retail.
Neighborhood safety levels sit slightly better than the national midpoint (around the 53rd percentile), with crime conditions competitive among Toledo neighborhoods near the metro median out of 244. Recent trends are constructive: property offenses declined meaningfully year over year, and violent offense rates improved modestly, according to WDSuite’s CRE market data.
Investors should view safety as broadly stable relative to the region, with trendlines that support leasing and retention narratives without implying block-level conditions.
Proximity to established corporate employers underpins commuter demand, particularly in manufacturing and materials. Key nearby anchors include Owens-Illinois, Owens Corning, and Dana, with broader regional depth extending to Marathon Petroleum.
- Owens-Illinois — glass packaging HQ (4.8 miles) — HQ
- Owens Corning — building materials HQ (5.5 miles) — HQ
- Dana — auto parts corporate offices (6.0 miles)
- Dana Holding — auto parts HQ (6.0 miles) — HQ
- Marathon Petroleum — energy HQ (37.3 miles) — HQ
9558 Mandell Rd offers scale at 84 units in a suburban Perrysburg pocket where neighborhood occupancy trends sit in the top quartile locally and high nationally, supporting cash flow durability. The area’s renter concentration is moderate, indicating a measurable tenant base within a predominantly owner-occupied context and reinforcing stable demand for well-managed multifamily product, based on CRE market data from WDSuite.
Within a 3-mile radius, recent population gains alongside faster household formation and projected declines in household size point to a wider renter pool over time. Combined with favorable rent-to-income dynamics and proximity to major employers, the asset’s positioning supports retention with room for disciplined rent optimization. Key risks include limited in-neighborhood amenities and the need for strong expense control where regional NOI-per-unit benchmarks run lean versus national norms.
- High neighborhood occupancy supports leasing stability
- Moderate renter concentration signals a durable tenant base
- 3-mile trends show more households and smaller sizes, widening the renter pool
- Proximity to major employers underpins commuter-driven demand
- Risk: limited walkable amenities; underwrite for car-oriented living and expense discipline