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    I-475 1520 Holland, OH 43528

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    I-475 1520 Holland, OH 43528

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    • Retail properties & Spaces
    • 217,800 SF
    • 5.31 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for I-475 1520

    Lot size
    5.31 lot acres
    Property size
    217,800 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7519
    Latitude
    41.6098

    Comparable in this City

    • Value Estimation by Request
      314,513 SF

      Mccord Rd

      Retail properties & Spaces • 314,513 SF
      0 Mccord Rd, Holland, OH 43528
      View Details
    • Value Estimation by Request
      4.40 Acres

      7239 Airport Hwy

      Land • 4.40 Acres
      7239 Airport Hwy, Holland, OH 43528
      View Details
    • Value Estimation by Request
      3.00 Acres

      8210 Airport Hwy At Albon Rd

      Land • 3.00 Acres
      8210 Airport Hwy At Albon Rd, Holland, OH 43528
      View Details
    • Value Estimation
      $13,100,000
      120,077 SF

      7041 Orch Ctr Dr

      DEPARTMENT STORE • 120,077 SF
      7041 Orch Ctr Dr, Holland, OH 43528-7960
      View Details
    • Value Estimation
      $12,605,000
      212,664 SF

      1355 Mccord Rd

      DEPARTMENT STORE • 212,664 SF
      1355 Mccord Rd, Holland, OH 43528-9141
      View Details
    • Value Estimation by Request
      10.00 Acres

      7100 Angola Rd

      COMMERCIAL (GENERAL) • 10.00 Acres
      7100 Angola Rd, Holland, OH 43528
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,808 SF

      Prime Airport Highway Commercial Land

      Two-acre commercial parcel with Airport Highway exposure.
      8133 Airport Hwy, Holland, OH 43528
      View Details
    • Contact for pricing
      23,200 SF

      1590 Albon Rd, Holland, OH 43528

      Retail properties & Spaces • 23,200 SF
      1590 Albon Rd, Holland, OH 43528
      View Details
    • $180,000

      Land on Airport Highway

      Land with highway exposure, development or investment opportunity.
      7402 Airport Hwy, Holland, OH 43528
      View Details
    • Contact for pricing

      4.4 Acres Zoned C-2

      4.4 acres of commercial land zoned C-2.
      7239 Airport Hwy, Holland, OH 43528
      View Details
    • $1,650,000

      Prime Corner Redevelopment Opportunity

      2.5 acres corner lot, ideal for commercial or mixed-use projects.
      8210 Airport Hwy, Holland, OH 43528
      View Details
    • $2,000,000
      29,052 SF

      Toledo Industrial/Manufacturing Facility For Sale

      29,052 SF industrial building with climate-controlled warehouse and special features.
      6920 Hall St, Holland, OH 43528
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Visibility Shopping Center For Rent

      Regional shopping center with high visibility and ample parking.
      1220-1430 S Holland Sylvania Rd, Holland, OH 43528
      View Details
    • $5,300 /Mo
      8,779 SF

      Industrial Condominium Unit For Rent

      Industrial condominium unit with retail element, ideal for showroom.
      6509-6513 Angola Rd, Holland, OH 43528
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Holland, Ohio.
      6156 Trust Dr, Holland, OH 43528
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease in Holland, Ohio.
      6912 Spring Valley Dr, Holland, OH 43528
      View Details
    • $16 SF/Yr

      Waterplace South Office Suites Available

      Office suites for lease with convenient access and ample parking.
      6135 Trust Dr, Holland, OH 43528
      View Details
    • $8 SF/Yr
      10,570 SF

      Holland Office Condos for Lease

      Prime Office Suites, High Visibility
      6912 Spring Valley Dr, Holland, OH 43528
      View Details
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    I-475 1520
    Holland, OH 43528
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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