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    Holland, OH Office Building Title is generated by Realmo AI

    1716 Perrysburg Holland Rd, Holland, OH

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    Office building in Holland, OH, for sale or lease.

    Type:OFFICE
    Property size:
    24,000 SF
    Lot size:
    1.72 Acres
    Price / SF:
    $95/SF
    Added:
    Nov 14, 2019
    Days on Market:
    2399
    Last Refresh:
    May 20 at 9:03 pm

    Property Features for 1716 Perrysburg Holland Rd

    General Information

    Standard status
    Active
    Size
    24,000 SF
    Lot size
    1.72 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 1716 Perrysburg Holland Rd Contact us

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    Listing Contact
    Jason Westendorf, SIOR

    Listing agent Jason Westendorf, SIOR License ##SAL.2006007466

    Listing office NAI Harmon Group

    Listing date Nov 14, 2019

    Source Moodyscre

    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 NAI Harmon Group

    HighLights

    • Owner‑occupant opportunity with income through a Sale‑Leaseback agreement.
    • Multiple configurations available to suit your business needs.
    • Prominent property in Holland, OH.
    • Benefit from the convenience of an elevator.
    • Perimeter offices throughout the building.
    • Multiple entrances.

    Overview

    This prominent office building is available for sale or lease in Holland, Ohio. The property offers multiple configurations and presents an opportunity for an owner-occupant with income potential through a sale-leaseback arrangement. The 24,000 square foot building features perimeter offices, perimeter and interior conference rooms, multiple entrances, and an elevator. Additional land is available.

    Local Financial Insights For Office B

    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 $316.8k $13.20
    − Vacancy −$52.2k −$2.17
    EGI $264.6k $11.03
    − OpEx −$66.2k −$2.76
    NOI $198.5k $8.27
    24,000 SF · lease $13.20/SF/yr · vacancy 16.47% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.84M
    $2.48M – $3.31M (±1% cap)
    NOI $198,467 @ 7.0% cap · market cap 8.63%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $4.39M
    $3.84M – $5.12M (±1% cap)
    NOI $307,476 @ 7.0% cap · market cap 13.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Healthcare Sterling Medical Clinic The Douglas Company Construction Company Design Service Construction ... Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7038
    Latitude
    41.61

    FAQs

    What type of property is this?
    Office building - Office building in Holland, OH, for sale or lease.
    Where is this office building located?
    The property is located at 1716 Perrysburg Holland Rd Holland, OH.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Owner‑occupant opportunity with income through a Sale‑Leaseback agreement.; Multiple configurations available to suit your business needs.; Prominent property in Holland, OH.
    (419) 265-4677 Call to check price and availability
    More about this property
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