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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Retail space
1255 Mall Dr Holland, OH 43528-8466
Entity Owned
Free & Clear
Property ID
US66-2856350
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Total area
19,563 SF
Lot
2.94 ac (128,241 SF)
Zoning code
19-C2
APN
65-86962
UPID
US66-2856350
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.75M
Owner & transaction history
Nnn Reit LP
Nnn Reit LP
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
19-C2 · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+103.4%
Medical building
$2.0M
+43.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Holland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,690,000
ML approach
$2,725,000
CAP Approach
CAP Return
Estimation
6%
$2,325,000
6.5%
$2,145,000
7%
$1,990,000
Alternative Use
Use
Estimation
RESTAURANT
$2,815,000
Change: +103% · Conversion: Easy
MEDICAL BUILDING
$1,980,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±10% · vs last sale $2.85M (May 27 2025)
Last sale anchor
$2.85M
May 27 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$140 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$77,917
Tax year 2023
Assessed value
$875,000
Assessed 2023
Previous assessed
$875,000
+0.0% YoY
Effective rate
8.90%
On assessed value
Assessed land
$299,705
Assessed improvement
$575,295
Land market value
$856,300
Improvement market value
$1,643,700
Total market value
$2,500,000
Applied tax rate
65.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Heating
NONE
Stories
1
Total area
19,563 SF
Lot
2.94 ac (128,241 SF)
Zoning code
19-C2
APN
65-86962
UPID
US66-2856350
Jurisdiction
LUCAS
Zoning & alternative use
19-C2 · Holland, OH
Zoning 19-C2 · permitted uses
19-C2 · Holland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.0M
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Nnn Reit LP
Entity
Free & Clear · 0 yrs held
Mailing address
420 MADISON AVE, TOLEDO, OH 43604-1217
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2025
$2,850,000
Nnn Reit LP
Warehouse Partners Ltd
Deed
—
Oct 10, 2023
—
Warehouse Partners Ltd
—
Deed
related
$2,000,000 · First Federal Bank Of The Midwest
Apr 7, 2023
$2,400,000
Warehouse Partners Ltd
Culater 611 Santa Cruz LLC
Warranty Deed
$1,000,000 · Premier Bank
Aug 28, 2014
$4,202,400
Culater 611 Santa Cruz LLC
J & B Investment Company LLC
Warranty Deed
$2,452,400 · The Citizens National Bank Of Bluff
Oct 11, 2013
$370,000
J & B Investment Co LLC
National Amusements INC
Quit Claim Deed
related
$380,000 · Signature Bank
Sep 7, 2012
—
National Amusements INC
National Amusements INC
Quit Claim Deed
—
—
—
J & B Investment Co LLC
—
Deed Of Trust
related
$2,926,244 · Signature Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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