Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Retail space
6641 Airport Hwy Holland, OH 43528-8419
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-5971677
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
55,074 SF
Lot
2.71 ac (118,135 SF)
Zoning code
19-C2
APN
65-94848
UPID
US66-5971677
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
-
Hobby Lobby (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.84M
CAP Approach
CAP
$6.04M
Comparable Approach
Comparable
$5.90M
Blend (final)
Blend
$5.80M
Owner & transaction history
Agree Limited Partnership · 4 yrs held
Agree Limited Partnership
since 2022
Last sale
$5.4M
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
Restaurant
$7.9M
+103.4%
Medical building
$5.6M
+43.1%
Neighborhood: shopping center
$4.5M
+14.7%
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
$7,150,000
ML approach
$6,840,000
CAP Approach
CAP Return
Estimation
6%
$6,540,000
6.5%
$6,035,000
7%
$5,605,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,895,000
Current use
RESTAURANT
$7,920,000
Change: +103% · Conversion: Easy
MEDICAL BUILDING
$5,575,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,465,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,030,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,555,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±10% · vs last sale $5.40M (Apr 5 2022)
Last sale anchor
$5.40M
Apr 5 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
$105 / 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
$124,843
Tax year 2023
Assessed value
$1,408,330
Assessed 2023
Previous assessed
$1,408,330
+0.0% YoY
Effective rate
8.86%
On assessed value
Assessed land
$88,655
Assessed improvement
$1,319,675
Land market value
$253,300
Improvement market value
$3,770,500
Total market value
$4,023,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Stories
1
Units
1
Total area
55,074 SF
Lot
2.71 ac (118,135 SF)
Zoning code
19-C2
APN
65-94848
UPID
US66-5971677
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
RETAIL STORES Current
Est. value
$3.9M
RESTAURANT
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2017
Stories
1
Units
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Agree Limited Partnership
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 460049, HOUSTON, TX 77056-8049
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
$5,400,000
Agree Limited Partnership
Bc Airport LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6641 Airport Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
