Commercial Building on Airport
For Sale
Contact for pricing
8825 Airport Highway, Holland, OH 43528
Commercial building available for sale or lease on Airport Highway.
Property Size3,400 SF
Price / SF$154.41
Days on Market149
Property Features for 8825 Airport Highway
General Information
Standard status
Active
Size
3,400 SF
Total Parking Spaces
5
Property subtype
Retail
Zoning
C-2 General Commercial
Building Details
Year Built
2000
Stories
1
Listing Agency:
Signature Associates Toledo
Listed By:
Rob Keleghan · License #BRKP.2022005426
(419) 249-6323
Source:
Crexi
Added: May 21
Changed: Oct 6
Last Checked: Oct 16 at 7:20AM
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.
A commercial building with 3400 square feet of space is available for sale or lease on Airport Highway.
Key Highlights
- Commercial building available
- Available for sale or lease
- Located on Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,223
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,460
$484.5K
Cap Rate 7%
$346,043
$346.0K
Cap Rate 9%
$269,144
$269.1K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$37.9K $11.16/SF
− Vacancy
−$3.3K −$0.98/SF
EGI
$34.6K $10.18/SF
− OpEx
−$10.4K −$3.05/SF
NOI
$24.2K $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 Rate 5%
$484,460
Cap Rate 7%
$346,043
Cap Rate 9%
$269,144
Alternative Uses
Best Use
Retail
$346.0K
$302.8K – $403.7K
NOI $24,223 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$622.3K
$544.5K – $726.0K
NOI $43,559 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
81
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail property - Commercial building available for sale or lease on Airport Highway.
Where is this retail property located?
The property is located at 8825 Airport Highway Holland, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Commercial building available; Available for sale or lease; Located on Airport
