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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1007 Mccord Rd Holland, OH 43528-8096

    • Strip malls
    • 17,280 SF
    • 2.34 lot acres
    OFF-MARKET
    Last Sale
    Nov 28, 2022
    $1,200,000
    Value Estimations
    $1,255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1221730
    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

    • Compelled Church, Holland Campus / Assemblies Of God Church / Christian Church
    • American Family Insurance - Nathan Young Ins Agency LLC / Auto Insurance Agency / Home Insurance Agency
    • Musically Me LLC / Music Instructor / Piano Instructor
    • Cabo Cantina / Restaurant
    • All4You Child Development Center / Day Care Center

    Property Details for 1007 Mccord Rd

    Year built
    1993
    Lot size
    2.34 lot acres
    Property size
    17,280 SF
    Zone code
    24-B2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    71-04084
    APU
    7104084

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,215,000
      ML approach
      $1,165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,372,000
      Market price range: $572k - $2.43M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,400,000
      Current use
      MEDICAL BUILDING
      $1,750,000
      Change: +25% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,265,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $1,220,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7026
    Latitude
    41.6229
    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
    $28,374
    $44,415
    $329,385
    $373,800
    -
    $126,900
    $941,100
    $1,068,000

    Comparable in this City

    • Value Estimation
      $275,000
      7,214 SF

      821 Mccord Rd

      SHOPPING CENTER, STRIP CENTER • 7,214 SF
      821 Mccord Rd, Holland, OH 43528
      View Details
    • Value Estimation
      $490,000
      17,570 SF

      7723 Airport Hwy

      SHOPPING CENTER, STRIP CENTER • 17,570 SF
      7723 Airport Hwy, Holland, OH 43528-7601
      View Details
    • Value Estimation
      $225,000
      0.18 Acres

      817 Mccord Rd

      SHOPPING CENTER, STRIP CENTER • 0.18 Acres
      817 Mccord Rd, Holland, OH 43528-8746
      View Details
    • Value Estimation
      $575,000
      49,944 SF

      6670 Ctrs Dr

      SHOPPING CENTER, STRIP CENTER • 49,944 SF
      6670 Ctrs Dr, Holland, OH 43528
      View Details
    • Value Estimation
      $240,000
      4.29 Acres

      1751 Apple Blossom Dr

      SHOPPING CENTER, STRIP CENTER • 4.29 Acres
      1751 Apple Blossom Dr, Holland, OH 43528
      View Details
    • Value Estimation
      $745,000
      23,080 SF

      Orch Ctr Dr

      SHOPPING CENTER, STRIP CENTER • 23,080 SF
      Orch Ctr Dr, Holland, OH 43528
      View Details

    Similar Nearby for Sale

    • $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
    • $950,000
      32,108 SF

      Executive Office Building, Holland, OH

      Prime Office Space - 32,108 SF, $950K
      6834 Spring Valley Dr, Holland, OH 43528
      View Details
    • $75,000

      Commercial Land with Development Potential

      Commercially zoned land suitable for various development projects.
      7839 Airport Hwy, Holland, OH 43528
      View Details
    • $2,300,000
      24,000 SF

      Holland, OH Office Building

      Office building in Holland, OH, for sale or lease.
      1716 Perrysburg Holland Rd, Holland, OH 43528
      View Details
    • $125,000
      5,462 SF

      Ground Level Office Condos

      5,462 SF office condos for sale or lease.
      6904-6912 Spring Valley Dr, 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

    Similar Nearby for Lease

    • $25 SF/Yr
      1,800 SF

      Retail Space on Busiest Corner

      Retail space with high visibility and successful co-tenants.
      6823 Spring Valley Dr, Holland, OH 43528
      View Details
    • $5,300 /Mo
      3,800 SF

      Industrial Condominium Unit For Rent

      Industrial condominium unit with retail element, ideal for showroom.
      6509-6513 Angola Rd, Holland, OH 43528
      View Details
    • $4,850 /Mo
      4,000 SF

      Retail and Warehouse Space Available

      Sublease opportunity: 4,000 SF retail/warehouse with ample parking.
      1650 Perrysburg Holland Rd, Holland, OH 43528
      View Details
    • $19 SF/Yr
      13,500 SF

      Modern Retail Space on Airport Highway

      Thriving location with high traffic and modern amenities.
      6639 Airport Hwy, Holland, OH 43528
      View Details
    • Contact for pricing
      314,513 SF

      Spring Meadows Place Retail Space

      Holland, Ohio: Prime Retail Opportunity
      0 Mccord Rd, Holland, OH 43528
      View Details
    • $14 SF/Yr
      1,500 SF

      Prime Retail Location Available

      Retail space for lease, excellent location near major highways.
      6630 Centers Dr, Holland, OH 43528
      View Details
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    Holland, OH 43528-8096
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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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