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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Hotels
1401 Mall Dr Holland, OH 43528-9490
Entity Owned
~
Est. High Equity
Property ID
US66-6242609
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Total area
42,952 SF
Lot
3.08 ac (134,298 SF)
Zoning code
19-C2
APN
65-86957
UPID
US66-6242609
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
-
Quality Inn Hotel & Motel
-
Pentecost Anglican Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
$3.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
Ohio Hotel Management Group LLC
Ohio Hotel Management Group LLC
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
19-C2 · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+649.7%
Medical building
$2.7M
+386.5%
Retail stores
$2.7M
+380.1%
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
$2,465,000
ML approach
$2,205,000
CAP Approach
CAP Return
Estimation
6%
$3,560,000
6.5%
$3,285,000
7%
$3,050,000
Alternative Use
Use
Estimation
RESTAURANT
$4,190,000
Change: +650% · Conversion: Difficult
MEDICAL BUILDING
$2,720,000
Change: +386% · Conversion: Difficult
RETAIL STORES
$2,685,000
Change: +380% · Conversion: Difficult
OFFICE BUILDING
$2,580,000
Change: +362% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,300,000
Change: +312% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,250,000
Change: +303% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $2.57M (Jun 5 2025)
Last sale anchor
$2.57M
Jun 5 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
$61 / 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
$36,912
Tax year 2023
Assessed value
$549,815
Assessed 2023
Previous assessed
$549,815
+0.0% YoY
Effective rate
6.71%
On assessed value
Assessed land
$263,900
Assessed improvement
$285,915
Land market value
$754,000
Improvement market value
$816,900
Total market value
$1,570,900
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Heating
NONE
Stories
3
Total area
42,952 SF
Lot
3.08 ac (134,298 SF)
Zoning code
19-C2
APN
65-86957
UPID
US66-6242609
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
$4.2M
MEDICAL BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1989
Heating
NONE
Stories
3
Lot
3.08 ac
Current owner
From public records · entity-resolved
Ohio Hotel Management Group LLC
Entity
Mailing address
1401 E MALL DR, HOLLAND, OH 43528-9490
Mailing matches property
Yes
Owner-occupied
Yes
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
Sep 5, 2025
$2,574,000
Ohio Hotel Management Group LLC
Jatinkumar Patel
Deed
$2,451,000 · Southwestern National Bank
Oct 30, 2023
$2,200,000
Veda Hospitality LLC
Shivneri LLC
Limited Warranty Deed
$4,433,988 · Fcn Bank NA
Mar 18, 2022
$2,430,000
Shivneri LLC
Goldberg LLC
Limited Warranty Deed
$3,346,317 · Fcn Bank NA
Sep 28, 2017
$2,250,000
Goldberg LLC
Holland Hospitality Management LLC
Warranty Deed
$1,717,000 · Pacific Premier Bank
Mar 27, 2015
$1,725,000
Holland Hospotality Management LLC
Holland Properties LLC
Limited Warranty Deed
$1,502,000 · Pacific Premier Bank
Feb 24, 2005
$2,600,000
Holland Properties LLC
Fairfield Inn By Marriott LP
Special Warranty Deed
$2,080,000 · First Federal Bank Of The Midwest
—
—
Holland Properties LLC
—
Deed Of Trust
related
$150,000 · Huntington National Bank
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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