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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Strip malls
6515 Airport Hwy Holland, OH 43528-9321
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-2571249
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Total area
6,253 SF
Lot
1.56 ac (67,910 SF)
Zoning code
19-C2
APN
65-14302
UPID
US66-2571249
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
-
Jimmy John's Take-out & Catering Catering Service
-
Stanton Optical Ophthalmologist (Bike/Boat/Book/etc) Store
-
AT&T Store Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$690k
Owner & transaction history
University Shops One LLC · 9 yrs held
University Shops One LLC
since 2017
4 recorded transactions
Zoning & alternative use
19-C2 · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$900,000
+77.4%
Medical building
$635,000
+24.8%
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
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Current use
RESTAURANT
$900,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$460,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$440,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$110 / 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
$36,455
Tax year 2023
Assessed value
$410,620
Assessed 2023
Previous assessed
$410,620
+0.0% YoY
Effective rate
8.88%
On assessed value
Assessed land
$167,930
Assessed improvement
$242,690
Land market value
$479,800
Improvement market value
$693,400
Total market value
$1,173,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2016
Heating
NONE
Stories
1
Total area
6,253 SF
Lot
1.56 ac (67,910 SF)
Zoning code
19-C2
APN
65-14302
UPID
US66-2571249
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$505,000
RESTAURANT
Est. value
$900,000
MEDICAL BUILDING
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$460,000
RETAIL STORES
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2016
Heating
NONE
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
University Shops One LLC
Entity
Mailing address
5213 HIGHLAND RD, WATERFORD, MI 48327-1916
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2025
—
University Shops One LLC
—
Deed
related
$800,000 · Dfcu Financial
Jul 21, 2017
$2,620,000
University Shops One LLC
Shaeena And Allos LLC
Limited Warranty Deed
$1,000,000 · The State Bank
Feb 13, 2017
—
Shaeena And Allos
—
Deed
related
$253,750 · The Farmers & Merchants State Bank
Apr 7, 2014
$262,500
Shaeena & Allos LLC
True North Energy LLC
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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