Prime Airport Highway Commercial
For Sale
$325,000
8133 Airport Highway, Holland, OH 43528
Two-acre commercial parcel with Airport Highway exposure.
Property Size2,808 SF
Lot Size2.00 Acres
Price / SF$115.74
Days on Market207
Property Features for 8133 Airport Highway
General Information
Standard status
Active
Size
2,808 SF
Class
B
Lot size
2.00 Acres
Property subtype
Office
Building Details
Building Size
2,808 SF
Listing Agency:
Miller Diversified
Listed By:
Dave Kerscher, CCIM · License #0000266970
(419) 345-8232
Source:
Millerdiversified
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 19 at 4:29AM
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 Miller Diversified
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Investment Insights
Based on property information with market context.
This two-acre parcel offers excellent exposure and access on Airport Highway. The property includes a small office/retail/business structure. It is zoned C-2 Commercial. The property size is 2808 square feet.
Key Highlights
- Excellent Airport Highway exposure
- Easy Airport Highway access
- 2 acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,221
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,420
$464.4K
Cap Rate 7%
$331,729
$331.7K
Cap Rate 9%
$258,011
$258.0K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$37.1K $13.20/SF
− Vacancy
−$6.1K −$2.17/SF
EGI
$31.0K $11.03/SF
− OpEx
−$7.7K −$2.76/SF
NOI
$23.2K $8.27/SF
Area
Lucas County, OH
Vacancy
16.47%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,420
Cap Rate 7%
$331,729
Cap Rate 9%
$258,011
Alternative Uses
Best Use
Office B
$331.7K
$290.3K – $387.0K
NOI $23,221 @ 7.0% cap · market cap 7.14%
Second Best
Retail
$285.8K
$250.1K – $333.4K
NOI $20,006 @ 7.0% cap · market cap 6.16%
Theoretical Best
Specialty Retail
$513.9K
$449.7K – $599.6K
NOI $35,975 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Two-acre commercial parcel with Airport Highway exposure.
Where is this commercial land located?
The property is located at 8133 Airport Highway Holland, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Excellent Airport Highway exposure; Easy Airport Highway access; 2 acre parcel
