Office Building For
7131 Spring Meadows W Dr Holland, OH 43528
7131 Spring Meadows W Dr, Holland, OH, 43528
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For Sale
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Office building with 15173 square feet available for sale.
Property Size15,173 SF
Price / SF$91.94
Days on Market1022
Property Features for 7131 Spring Meadows W Dr
General Information
- Standard status
- Active
- Size
- 15,173 SF
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing Agency
Signature Associates Toledo
(419) 249-6323
Listed by
Zack Liber · License #OH-2019006717
Source
Crexi
Added: Sep 30, 2023 Checked: Jul 16 at 3:33 am
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 commercial real estate offering is an office building available for sale. The property encompasses a total area of 15173 square feet.
Key Highlights
- Built in 1999
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 | $200.3k | $13.20 |
| − Vacancy | −$33.0k | −$2.17 |
| EGI | $167.3k | $11.03 |
| − OpEx | −$41.8k | −$2.76 |
| NOI | $125.5k | $8.27 |
15,173 SF · lease $13.20/SF/yr · vacancy 16.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,473 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.24M
NOI $194,389 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with 15173 square feet available for sale.
Where is this office building located?
The property is located at 7131 Spring Meadows W Dr Holland, OH.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Built in 1999
