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    Waterplace South Office Suites Available Title is generated by Realmo AI

    6135 Trust Dr., Holland, OH 43528

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    Claim this Listing
    For Lease
    $16 SF/Yr $80,509/Mo (calc)

    Office suites for lease with convenient access and ample parking.

    Type:Office
    Property size:
    58,552 SF
    Added:
    Nov 21, 2025
    Days on Market:
    187
    Last Refresh:
    May 8 at 11:05 pm

    Property Features for 6135 Trust Dr.

    General Information

    Standard status
    Active
    Size
    58,552 SF
    Property subtype
    Office

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 6135 Trust Dr. Contact us

    We can help!

    Listing Contact
    Brian Downey
    Brian Downey

    Listing agent Brian Downey License #OH #2012001418

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    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 Brian Downey

    HighLights

    • Suites available for lease ranging from 1,530 SF to 14,885 SF, offering flexibility.
    • Excellent location with easy access to I‑475/US23.
    • C‑2 General Commercial District Zoning allows for numerous uses.
    • Turn‑key condition and immediate occupancy available.
    • Located in Springfield Township's Joint Economic Development Zone (JEDZ).
    • Renovated in 2019.

    Overview

    Five suites ranging from 1,530 to 14,885 square feet are available for lease in the Waterplace South Building, formerly known as The Trust Company Building. The C-2 General Commercial District Zoning allows for numerous uses. The building, renovated in 2019, offers convenient access to the I-475/US23 interchange, located just half a mile away. It is also conveniently situated within one mile of numerous restaurants, hotels, and other amenities. The property features 120 parking spaces on site and two points of ingress/egress. Monument signage is provided on Trust Drive. Located off Holland-Sylvania Rd, the building is near Spring Meadows Place and Springfield Commons, the area's main retail corridor. It is prominently situated in Springfield Township's Joint Economic Development Zone (JEDZ). Current tenants include a law office and a medical practice. The suites are in turn-key condition and available for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shindler Neff, LLP Law Firm James V. Shindler, ... Law Firm Jender Katherine Physician Sandra K. Sulier, ... Physician Premier Women's Health: ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6882
    Latitude
    41.6153

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    FAQs

    What type of property is this?
    Office building - Office suites for lease with convenient access and ample parking.
    Where is this office building located?
    The property is located at 6135 Trust Dr. Holland, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Suites available for lease ranging from 1,530 SF to 14,885 SF, offering flexibility.; Excellent location with easy access to I‑475/US23.; C‑2 General Commercial District Zoning allows for numerous uses.
    (419) 466-6690
    We can help!
    Listing Contact
    Brian Downey
    Brian Downey
    Real Estate License ID: OH #2012001418
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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