Industrial Warehouse with
1590 Albon Rd Holland, OH 43528
1590 Albon Rd, Holland, OH, 43528
$2,270,000
For Sale
$2,270,000
Industrial and flex-style building with dedicated office space, shop area, and a west-end drive-through bay with two overhead doors.
Property Size23,200 SF
Price / SF$97.84
Days on Market174
Property Features for 1590 Albon Rd
General Information
- Standard status
- Active
- Size
- 23,200 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2014
Listing agency
Signature Associates - Toledo
(419) 215-1008
Listed by
Megan Malczewski
(419) 215-1008
Source
Cpix.resimplifi
Added: Jan 29 Updated: Jul 22 at 8:10AM Checked: Jul 22 at 8:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates - Toledo
Investment Insights
Based on property information with market context.
This industrial warehouse and flex-style property includes a shop area of approximately 19,500 SF and office space of approximately 4,000 SF, with the office footprint expanded by the current owner in 2023. The office suite features 11 private offices, an open office area, a conference room, a kitchen, and storage, along with upstairs space with high ceilings and access to the mezzanine used for training. The building also includes a small temperature-controlled storage area and overhead high-definition LED balusters.
A drive-through bay is located on the west end of the building and features two 16’ x 16’ overhead doors. The property is situated on Albon Road north of Airport Highway, adjacent to Man Caves and Sky Zone. Utilities are metered with 1 gas, 1 electric, and 1 water meter.
The upstairs room provides mezzanine access, supporting training use. The property is currently occupied by USA Insulation/Mold Medics, and the previous use was noted as Glass City Athletics. For zoning questions, the seller directs inquiries to Springfield Twp Zoning.
A drive-through bay is located on the west end of the building and features two 16’ x 16’ overhead doors. The property is situated on Albon Road north of Airport Highway, adjacent to Man Caves and Sky Zone. Utilities are metered with 1 gas, 1 electric, and 1 water meter.
The upstairs room provides mezzanine access, supporting training use. The property is currently occupied by USA Insulation/Mold Medics, and the previous use was noted as Glass City Athletics. For zoning questions, the seller directs inquiries to Springfield Twp Zoning.
Key Highlights
- 2014‑built industrial/flex building with dedicated office and shop space
- ~4,000 SF office area with 11 private offices, open office, conference room, kitchen, and storage (office size doubled in 2023)
- ~19,500 SF shop space plus a small temperature‑controlled storage area added by the current owner
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.0k | $7.80 |
| − Vacancy | −$4.6k | −$0.20 |
| EGI | $176.3k | $7.60 |
| − OpEx | −$26.5k | −$1.14 |
| NOI | $149.9k | $6.46 |
23,200 SF · lease $7.80/SF/yr · vacancy 2.55% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.14M
$1.87M – $2.50M
NOI $149,894 @ 7.0% cap · market cap 6.60%
Second Best
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,367 @ 7.0% cap · market cap 6.45%
Theoretical Best
Specialty Retail
$4.25M
$3.72M – $4.95M
NOI $297,227 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Patsy Thompson Designs ...
Department Store
Victare Watches
Production Facility
Legacy Group Planning
Financial Advisor
Pacts Office Products
(Bike/Boat/Book/etc) Store
Stikii Shoes
Clothing & Fashion Store
Similar For Sale Nearby
Similar Off Market Nearby
- Firepit Grille — 7723 Airport Hwy unit a, Holland, OH 43528
FAQs
What type of property is this?
Flex space - Industrial and flex-style building with dedicated office space, shop area, and a west-end drive-through bay with two overhead doors.
Where is this flex space located?
The property is located at 1590 Albon Rd Holland, OH.
What is the asking price?
The asking price for this property is $2,270,000.
What are key features of this property?
This property features: 2014‑built industrial/flex building with dedicated office and shop space; ~4,000 SF office area with 11 private offices, open office, conference room, kitchen, and storage (office size doubled in 2023); ~19,500 SF shop space plus a small temperature‑controlled storage area added by the current owner
