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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office buildings
7050 Spg Mdws W Dr Holland, OH 43528-7203
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0704676
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
9,833 SF
Lot
1.14 ac (49,746 SF)
Zoning code
19-C2
APN
65-88324
UPID
US66-0704676
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
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$875k
Owner & transaction history
7050 Spring Meadows LLC · 3 yrs held
7050 Spring Meadows LLC
since 2022
Last sale
$870,000
7 recorded transactions
Zoning & alternative use
19-C2 · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code – Holland, Ohio
Top alternative use upside
Restaurant
$1.4M
+131.4%
Medical building
$995,000
+62.8%
Neighborhood: shopping center
$795,000
+30.4%
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
$880,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$610,000
Current use
RESTAURANT
$1,415,000
Change: +131% · Conversion: Moderate
MEDICAL BUILDING
$995,000
Change: +63% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$635,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $870k (Oct 24 2022)
Last sale anchor
$870k
Oct 24 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
$89 / 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
$27,334
Tax year 2023
Assessed value
$306,250
Assessed 2023
Previous assessed
$304,500
+0.6% YoY
Effective rate
8.93%
On assessed value
Assessed land
$65,135
Assessed improvement
$241,115
Land market value
$186,100
Improvement market value
$688,900
Total market value
$875,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
9,833 SF
Lot
1.14 ac (49,746 SF)
Zoning code
19-C2
APN
65-88324
UPID
US66-0704676
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
$610,000
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$720,000
RETAIL STORES
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$635,000
OFFICE BUILDING Current
RESTAURANT
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
1998
Heating
NONE
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
7050 Spring Meadows LLC
Entity
Mailing address
4327 PNE RDG CIR, MONCLOVA, OH 43542-8308
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2022
—
7050 Spring Meadows LLC
7050 Spring Meadows LLC
Intrafamily Transfer
related
—
Dec 21, 2020
$870,000
7050 Spring Meadows LLC
Lion Enterprises Ltd
Warranty Deed
$743,750 · Signature Bank NA
Jul 18, 2018
—
Lion Ents Ltd
—
Deed
related
$807,255 · Resolute Bk
Aug 4, 2006
—
Robert J Balcar
—
Trustees Deed
related
$200,000 · Edward & Anna Balcar
—
—
Lion Ents Ltd
—
Deed Of Trust
related
$1,062,000 · Bank Of Maumee
—
—
Lion Ents Ltd
—
Loan Modification
related
$807,255 · Resolute Bk
—
—
Lion Ents Ltd
—
Deed Of Trust
related
$40,000 · Bank Of Maumee
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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