Storefront with Drive-Through
For Sale
Contact for pricing
7210 Airport Highway, Holland, OH 43528
Renovated retail building with multiple curb cuts, parking, and two restrooms.
Property Size3,325 SF
Price / SF$225.56
Days on Market11
Property Features for 7210 Airport Highway
General Information
Standard status
Active
Size
3,325 SF
Property subtype
Retail
Zoning
B-1
Site & Location
Corner Location
Yes
Road Access
Yes
Amenities
restrooms
Building Details
Year Built
1988
Year Renovated
2020
Buildings
1
Tenancy
Single
Listing Agency:
Reichle | Klein Group
(419) 861-1100
Listed By:
Duke Wheeler · License #OH 2002018621
Source:
Crexi
Added: Aug 11
Changed: Aug 18
Last Checked: Aug 19 at 12:31PM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
This freestanding storefront contains 3,325 square feet and was built in 1988. The building was renovated in 2020 and includes two restrooms. Drive-through use is possible, with related infrastructure already in place. A rubber roof installed in 2015 carries a 25-year warranty.
The property occupies the northwest corner of Airport Highway and Holloway Road in the Village of Holland. Access includes two full-motion curb cuts from Airport Highway and another from Holloway Road. On-site parking exceeds 30 spaces, and the property is zoned B-1.
The property occupies the northwest corner of Airport Highway and Holloway Road in the Village of Holland. Access includes two full-motion curb cuts from Airport Highway and another from Holloway Road. On-site parking exceeds 30 spaces, and the property is zoned B-1.
Key Highlights
- 3,325 SF freestanding storefront
- Renovated in 2020; built in 1988
- Drive‑through possibility with infrastructure in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,689
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,780
$473.8K
Cap Rate 7%
$338,414
$338.4K
Cap Rate 9%
$263,211
$263.2K
Market Conditions
NOI Build-Up for 3,325 SF
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.
Gross rent
$37.1K $11.16/SF
− Vacancy
−$3.3K −$0.98/SF
EGI
$33.8K $10.18/SF
− OpEx
−$10.2K −$3.05/SF
NOI
$23.7K $7.12/SF
Area
Lucas County, OH
Vacancy
8.80%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,780
Cap Rate 7%
$338,414
Cap Rate 9%
$263,211
Alternative Uses
Best Use
Retail
$338.4K
$296.1K – $394.8K
NOI $23,689 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$608.5K
$532.5K – $710.0K
NOI $42,598 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
230k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Home Improvements & Furnishings 23%
Dining 22%
Shops & Services 14%
Kroger
Groceries
70,223 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
52,033 visits/mo
0.4 miles
Aldi
Groceries
21,844 visits/mo
0.1 miles
Taco Bell
Dining
19,537 visits/mo
0.2 miles
Speedway
Shops & Services
15,486 visits/mo
0.1 miles
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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated retail building with multiple curb cuts, parking, and two restrooms.
Where is this storefront property located?
The property is located at 7210 Airport Highway Holland, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,325 SF freestanding storefront; Renovated in 2020; built in 1988; Drive‑through possibility with infrastructure in place
