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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Office buildings
1205 Corporate Dr Holland, OH 43528-9590
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-5737039
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
15,402 SF
Lot
1.62 ac (70,643 SF)
Zoning code
19-C2
APN
65-83111
UPID
US66-5737039
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.18M
Owner & transaction history
Board Of Of The Penta Career Center · 3 yrs held
Board Of Of The Penta Career Center
since 2023
5 recorded transactions
Zoning & alternative use
19-C2 · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+62.8%
Neighborhood: shopping center
$1.3M
+30.4%
Auto repair, garage
$1.1M
+17.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Holland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$955,000
Current use
MEDICAL BUILDING
$1,560,000
Change: +63% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,130,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,090,000
Change: +14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$995,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,049
Tax year 2023
Assessed value
$312,795
Assessed 2023
Previous assessed
$312,795
+0.0% YoY
Effective rate
8.97%
On assessed value
Assessed land
$25,165
Assessed improvement
$287,630
Land market value
$71,900
Improvement market value
$821,800
Total market value
$893,700
Applied tax rate
65.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Stories
1
Total area
15,402 SF
Lot
1.62 ac (70,643 SF)
Zoning code
19-C2
APN
65-83111
UPID
US66-5737039
Jurisdiction
LUCAS
Zoning & alternative use
19-C2 · Holland, OH
Zoning 19-C2 · permitted uses
19-C2 · Holland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$955,000
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$995,000
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Board Of Of The Penta Career Center
Individual
Mailing address
9301 BUCK RD, PERRYSBURG, OH 43551-3841
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2023
$1,100,000
Board Of Of The Penta Career Center
Frniak LLC
Warranty Deed
—
Nov 3, 2008
$850,200
Frniak LLC
Superior Investment Group INC
Warranty Deed
—
Aug 27, 2004
$900,000
Superior Investment Group INC
Tri-em Investors LLC
Warranty Deed
$900,000 · Fifth Third Bank
Jun 23, 2004
—
Tri-em Investors
Tri-em Investors
Quit Claim Deed
related
—
May 14, 2004
—
Tri-em Investors
—
Deed Of Trust
related
$1,000,000 · Key Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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