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Property profile & analytics
OFF-MARKET
Estimated value
$9,960,000
Retail space
1301 Mall Dr Holland, OH 43528-8467
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-1263892
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Total area
88,152 SF
Lot
11.23 ac (489,364 SF)
Zoning code
19-C2
APN
65-86961
UPID
US66-1263892
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
Current use
Occupant on record · Public records
-
Loves Furniture & Mattresses Furniture & Home Goods Home Decor Store
-
Value City Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.66M
Comparable Approach
Comparable
$11.63M
Blend (final)
Blend
$9.96M
Owner & transaction history
Sbv-holland LLC · 7 yrs held
Sbv-holland LLC
since 2018
4 recorded transactions
Zoning & alternative use
19-C2 · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code – Holland, Ohio
Top alternative use upside
Restaurant
$12.7M
+103.4%
Medical building
$8.9M
+43.1%
Neighborhood: shopping center
$7.1M
+14.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,465,000
6.5%
$9,660,000
7%
$8,970,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,235,000
Current use
RESTAURANT
$12,680,000
Change: +103% · Conversion: Easy
MEDICAL BUILDING
$8,920,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,145,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,455,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$9.96M
Range $8.96M – $10.96M · ±10%
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
$113 / 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
$247,992
Tax year 2023
Assessed value
$2,774,695
Assessed 2023
Previous assessed
$2,774,695
+0.0% YoY
Effective rate
8.94%
On assessed value
Assessed land
$369,040
Assessed improvement
$2,405,655
Land market value
$1,054,400
Improvement market value
$6,873,300
Total market value
$7,927,700
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
2013
Heating
NONE
Stories
1
Total area
88,152 SF
Lot
11.23 ac (489,364 SF)
Zoning code
19-C2
APN
65-86961
UPID
US66-1263892
Jurisdiction
LUCAS
Zoning & alternative use
19-C2 · Holland, OHZoning 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
Source
Zoning Code – Holland, Ohio
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.2M
RESTAURANT
Est. value
$12.7M
MEDICAL BUILDING
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.5M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2013
Heating
NONE
Stories
1
Lot
11.23 ac
Current owner
From public records · entity-resolved
Sbv-holland LLC
Entity
Free & Clear · 7 yrs held
Mailing address
100 N POND DR STE F, WALLED LAKE, MI 48390-3079
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2018
$66,000
Sbv-holland LLC
Store Spe Avf I 2017-1 LLC
Grant Deed
—
Mar 10, 2017
$15,788,200
Store Spe Avf I 2017 1 LLC
Art Van Furniture LLC
Limited Warranty Deed
—
Sep 7, 2012
$1,250,100
Art Van Furniture INC
National Amusements INC
Quit Claim Deed
related
—
May 7, 2009
—
National Amusements INC
—
Deed Of Trust
related
$1,733,954,497 · Bank Of America
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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