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    Property profile & analytics

    6839 Spg Vly Dr Holland, OH 43528-9487

    • Medical offices
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0841697
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Smoke-Stock & Chimney Cleaning Holland, LSD / Fireplace Store
    • Smoke-Stack & Chimney Cleaning Service GRF / Home Improvement Store
    • Wood stove & Chimney Cleaning Holland POI / Furnace Store

    Property Details for 6839 Spg Vly Dr

    Lot size
    1.21 lot acres
    Zone code
    19-C2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    65-80677
    APU
    6580677

    Description

    This exceptional executive office property, located at 6839 & 6855 Spring Valley Drive in Holland, Ohio, presents a unique investment opportunity. The 1.39-acre campus boasts a single-story building totaling 28,896 square feet, with 2,312 square feet currently available for lease. Built in 1989, the property features ample parking with 175 spaces to accommodate employees and clients. The building is zoned for General Commercial District use, offering flexibility for various business types. The property's robust electrical infrastructure includes 1200 amps, 277/480 volts, 3-phase, 4-wire power. The property is identified by APN numbers 28-005-009 and 010 in Lucas County. This multi-tenant building provides a well-established presence in a convenient location, making it ideal for businesses seeking high-quality office space in a thriving community. The available 2,312 square feet offers immediate occupancy potential. The property's size and amenities make it suitable for a variety of businesses seeking a prominent location in Holland, Ohio. The ample parking and convenient location provide easy access for employees and clients alike. This is a rare opportunity to acquire a substantial and well-maintained office property in a desirable location.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7047
    Latitude
    41.6124
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,486
    $67,935
    $0.00
    $67,935
    -
    $194,100
    $0.00
    $194,100

    Comparable in this City

    • Value Estimation
      $305,000
      2,080 SF

      6421 Hamilton E Dr

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      6421 Hamilton E Dr, Holland, OH 43528-8167
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    • Value Estimation
      $315,000
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      7429 International Dr

      MEDICAL BUILDING • 4,623 SF
      7429 International Dr, Holland, OH 43528-8623
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    • Value Estimation
      $320,000
      2,176 SF

      753 Mccord Rd

      MEDICAL BUILDING • 2,176 SF
      753 Mccord Rd, Holland, OH 43528
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    • Value Estimation
      $385,000
      8,244 SF

      7100 Orch Ctr Dr

      MEDICAL BUILDING • 8,244 SF
      7100 Orch Ctr Dr, Holland, OH 43528-7978
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    • Value Estimation
      $660,000
      28,296 SF

      6855 Spg Vly Dr

      MEDICAL BUILDING • 28,296 SF
      6855 Spg Vly Dr, Holland, OH 43528-8039
      View Details
    • Value Estimation
      $390,000
      5,184 SF

      7100 Spg Mdws W Dr

      MEDICAL BUILDING • 5,184 SF
      7100 Spg Mdws W Dr, Holland, OH 43528-7202
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • Contact for pricing
      11,880 SF

      Executive Office Suites in Holland, OH

      Prime Office Space Available - 990 sq ft Suites
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    • $16 SF/Yr
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      Modern Office Suites For Lease

      Modern office suites in Holland, Ohio, with highway access.
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    • $11 SF/Yr
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      Office Space in Holland, OH

      Office space for rent in a convenient Holland, OH location.
      1359 S Holland Sylvania Rd, Holland, OH 43528
      View Details
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    Holland, OH 43528-9487
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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.

    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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