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Property profile & analytics
FOR LEASE
Office buildings
6135 Trust Dr Holland, OH 43528
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-0258866
For Lease
1 / 40
$16.50 SF/Yr
6135 Trust Dr, Holland, OH 43528
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Property summary
AI-generated overview
Waterplace South, a Class A office building located at 6135 Trust Dr, Holland, OH 43528, offers exceptional executive office space. This two-story building, totaling 58,552 square feet, underwent a complete renovation in 2019. Currently, 39,985 square feet of space is available for lease, divisible into units ranging from a minimum of 835 square feet to a maximum contiguous space of 14,855 square feet. The property sits on a 4.49-acre lot and boasts 120 parking spaces and elevators for convenient access. Its C-2 zoning allows for a variety of commercial uses. Strategically located near the I-475/US23 interchange (less than half a mile away), Waterplace South enjoys easy access to major transportation routes. Furthermore, its proximity to numerous restaurants, hotels, and other amenities within a one-mile radius adds to its appeal. The building's address is conveniently located on Trust Drive, with Airport Highway as a cross street. The property's APN is 65-57057. This prime location and modern amenities make Waterplace South an ideal choice for businesses seeking high-quality executive office space in Holland, Ohio.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
57,990 SF
Lot
4.44 ac (193,232 SF)
Zoning code
19-C2
APN
65-57057
UPID
US66-0258866
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
-
Shindler Neff, LLP Law Firm
-
James V. Shindler, Jr. Law Firm
-
Jender Katherine Physician
-
Sandra K. Sulier, NP Physician
-
Premier Women's Health: Sulier Sandy MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$4.43M
Owner & transaction history
Ohio Building Co Ltd · 9 yrs held
Ohio Building Co Ltd
since 2017
1 recorded transaction
Zoning & alternative use
19-C2 · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code – Holland, Ohio
Top alternative use upside
Medical building
$5.9M
+62.8%
Neighborhood: shopping center
$4.7M
+30.4%
Auto repair, garage
$4.2M
+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
$3,605,000
Current use
MEDICAL BUILDING
$5,870,000
Change: +63% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,700,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,245,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$4,100,000
Change: +14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,740,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$4.43M
Range $3.98M – $4.87M · ±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
$76 / 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
$127,009
Tax year 2023
Assessed value
$1,430,310
Assessed 2023
Previous assessed
$1,430,310
+0.0% YoY
Effective rate
8.88%
On assessed value
Assessed land
$73,360
Assessed improvement
$1,356,950
Land market value
$209,600
Improvement market value
$3,877,000
Total market value
$4,086,600
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
For Lease
Year built
1987
Heating
NONE
Stories
2
Total area
57,990 SF
Lot
4.44 ac (193,232 SF)
Zoning code
19-C2
APN
65-57057
UPID
US66-0258866
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
OFFICE BUILDING Current
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.7M
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
1987
Heating
NONE
Stories
2
Lot
4.44 ac
Current owner
From public records · entity-resolved
Ohio Building Co Ltd
Entity
Free & Clear · 9 yrs held
Mailing address
420 MADISON AVE STE #1200, TOLEDO, OH 43604-1221
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2017
—
Ohio Building Co Ltd
Midland Agency Of Northwest Ohio In
Limited Warranty Deed
—
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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