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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
502 Glengary Rd Holland, OH 43528
Individually Owned
22-yr Hold
Free & Clear
Property ID
US66-1292560
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Total area
6,512 SF
Lot
36.74 ac (1,600,394 SF)
Zoning code
19-MX
APN
65-04167
UPID
US66-1292560
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$460k
Blend (final)
Blend
$550k
Owner & transaction history
John F Miller · 22 yrs held
John F Miller
since 2003
7 recorded transactions
Zoning & alternative use
19-MX · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code – Holland, Ohio
Top alternative use upside
Medical building
$660,000
+62.8%
Neighborhood: shopping center
$530,000
+30.4%
Auto repair, garage
$475,000
+17.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$405,000
Current use
MEDICAL BUILDING
$660,000
Change: +63% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$460,000
Change: +14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$420,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$84 / 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
$14,747
Tax year 2023
Assessed value
$157,255
Assessed 2023
Previous assessed
$157,255
+0.0% YoY
Effective rate
9.38%
On assessed value
Assessed land
$74,690
Assessed improvement
$82,565
Land market value
$213,400
Improvement market value
$235,900
Total market value
$449,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1959
Heating
NONE
Stories
2
Total area
6,512 SF
Lot
36.74 ac (1,600,394 SF)
Zoning code
19-MX
APN
65-04167
UPID
US66-1292560
Jurisdiction
LUCAS
Zoning & alternative use
19-MX · Holland, OHZoning 19-MX · permitted uses
19-MX · 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
OFFICE BUILDING Current
Est. value
$405,000
MEDICAL BUILDING
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$475,000
RETAIL STORES
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$420,000
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1959
Heating
NONE
Stories
2
Lot
36.74 ac
Current owner
From public records · entity-resolved
John F Miller
Individual
Free & Clear · 22 yrs held
Mailing address
501 GLENGARY RD, HOLLAND, OH 43528-9416
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
—
Sba Monarch Towers I LLC
—
Deed
related
—
Sep 9, 2013
—
Sba Monarch Towers I LLC
—
Deed Of Trust
related
—
Jul 13, 2009
—
John F Miller III
—
Deed Of Trust
related
$2,265,000 · Waterford Bank NA
Jun 10, 2009
—
John F Miller III
—
Deed Of Trust
related
$2,000,000 · Huntington National Bank
Jun 19, 2008
—
Mobilitie Investments II LLC
—
Deed Of Trust
related
$600,000,000 · General Electric Capital Corp
Nov 21, 2003
—
John F Miller
Miller,john F
Quit Claim Deed
related
—
—
—
John F Miller III
—
Deed Of Trust
related
$500,000 · Sky Bank
—
—
John F Miller
—
Deed Of Trust
related
$285,000 · Sky Bank
—
—
John F Miller
—
Deed Of Trust
related
$650,000 · Sky Bank
—
—
Sba Monarch Towers I LLC
—
Loan Modification
related
—
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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