Single-Story Flex
6110 Merger Dr., Holland, OH 43528
For Sale
New
Contact for pricing
Vacant space combines dedicated offices with a substantial shop area and is available for immediate occupancy.
Property Size5,175 SF
Lot Size1.27 Acres
Price / SF$132.37
Days on Market5
Property Features for 6110 Merger Dr.
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Office Build-Out
Additional Details
Highway Access
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Signature Associates Toledo
Listed By:
Rob Keleghan · License OH BRKP.2022005426
(419) 680-7663
Source:
Crexi
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 9 at 2:04AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,175-square-foot flex building was constructed in 2001 and sits on 1.27 acres. Its interior includes 1,044 square feet of office space and 4,131 square feet of shop space, with 16-foot ceilings and LED high-bay lighting. The property is vacant and ready for occupancy, with 20 parking spaces.
The site is 0.2 miles from I-475/US 23 and is located at 6110 Merger Drive in Holland, Ohio.
The site is 0.2 miles from I-475/US 23 and is located at 6110 Merger Drive in Holland, Ohio.
Key Highlights
- 5,175 SF building on 1.27 acres
- 1,044 SF of office space and 4,131 SF of shop space
- 16' ceilings and new LED high bay lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,649
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,980
$653.0K
Cap Rate 7%
$466,414
$466.4K
Cap Rate 9%
$362,767
$362.8K
Market Conditions
NOI Build-Up for 5,175 SF
Gross rent
$51.5K $9.96/SF
− Vacancy
−$1.3K −$0.25/SF
EGI
$50.2K $9.71/SF
− OpEx
−$17.6K −$3.40/SF
NOI
$32.6K $6.31/SF
Area
Lucas County, OH
Vacancy
2.55%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,980
Cap Rate 7%
$466,414
Cap Rate 9%
$362,767
Alternative Uses
Best Use
Flex RnD
$466.4K
$408.1K – $544.2K
NOI $32,649 @ 7.0% cap · market cap 4.77%
Second Best
Industrial
$393.4K
$344.2K – $458.9K
NOI $27,535 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$947.1K
$828.8K – $1.11M
NOI $66,300 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43528, OH
16,746
Population
6,946
Households
2.4
Avg Household Size
45
Median Age
35%
College-Educated
92%
High-School Grad
18.7 sq mi
ZIP Area
896
Density / Sq Mi
$92,188
Median Household Income
$44,014
Median Earnings
$1,030
Median Rent
$246,500
Median Home Value
Market
Average Price Trend$/SF for Flex space in Lucas County, OH
Properties on Market for Flex space in Lucas County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Kobi's A Taste of Everything — 5765 firethorne dr, toledo, oh 43615
- Tree City Catering — 5960 Angola Rd #5, Toledo, OH 43615
Frequently Asked Questions
What type of property is this?
Flex space - Vacant space combines dedicated offices with a substantial shop area and is available for immediate occupancy.
Where is this flex space located?
The property is located at 6110 Merger Dr. Holland, OH.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 5,175 SF building on 1.27 acres; 1,044 SF of office space and 4,131 SF of shop space; 16' ceilings and new LED high bay lighting
