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Property profile & analytics
OFF-MARKET
Estimated value
$3,970,000
Apartment buildings
1635 Mccord Rd Holland, OH 43528-9583
Entity Owned
4-yr Hold
Property ID
US66-0256797
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Total area
50,562 SF
Lot
4.3 ac (187,439 SF)
Zoning code
19-C2
APN
65-14231
UPID
US66-0256797
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
-
Hidden Valley Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.83M
CAP Approach
CAP
$5.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.97M
Owner & transaction history
Harris Properties Investments LLC · 4 yrs held
Harris Properties Investments LLC
since 2022
Last sale
$4.0M
3 recorded transactions
Zoning & alternative use
19-C2 · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.1M
+152.0%
Neighborhood: shopping center
$4.1M
+101.8%
Auto repair, garage
$3.7M
+82.3%
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
$4,055,000
ML approach
$3,830,000
CAP Approach
CAP Return
Estimation
6%
$5,930,000
6.5%
$5,475,000
7%
$5,080,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,115,000
Change: +152% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,100,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,700,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$3,575,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,265,000
Change: +61% · Conversion: Moderate
OFFICE BUILDING
$3,145,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$3.97M
Range $3.57M – $4.37M · ±10% · vs last sale $4.00M (May 26 2022)
Last sale anchor
$4.00M
May 26 2022
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
$79 / 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
$43,562
Tax year 2023
Assessed value
$488,250
Assessed 2023
Previous assessed
$488,250
+0.0% YoY
Effective rate
8.92%
On assessed value
Assessed land
$90,895
Assessed improvement
$397,355
Land market value
$259,700
Improvement market value
$1,135,300
Total market value
$1,395,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1969
Heating
NONE
Stories
3
Units
72
Total area
50,562 SF
Lot
4.3 ac (187,439 SF)
Zoning code
19-C2
APN
65-14231
UPID
US66-0256797
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
MEDICAL BUILDING
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.1M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE 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
1969
Heating
NONE
Stories
3
Units
72
Lot
4.3 ac
Current owner
From public records · entity-resolved
Harris Properties Investments LLC
Entity
Mailing address
PO BOX 2884, WHITEHOUSE, OH 43571-0884
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$4,000,000
Harris Properties Investments LLC
Vijay Dawar
Warranty Deed
$4,300,000 · The Farmers & Merchants State Bank
—
—
Vijay Dawar
—
Deed Of Trust
related
$1,760,000 · Lasalle National Bank
—
—
Vidya S Mehta
—
Deed Of Trust
related
$1,520,000 · Genoa Bkng
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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