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    7130 Spg Mdws W Dr Holland, OH 43528-9296
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    Property profile & analytics

    7130 Spg Mdws W Dr, Holland, OH 43528-9296

    View on Map
    • Office buildings
    • 8,160 SF
    • 0.75 lot acres
    Off-Market
    Last Sale May 5, 2025
    $875,000
    Property ID
    US66-0945402
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    9.3%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 7130 Spg Mdws W Dr

    Year built
    1995
    Lot size
    0.75 lot acres
    Zone code
    19-C2
    Property type
    Office buildings
    APN
    65-88329
    APU
    6588329

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 5, 2025 $875,000 Empowered For Excellence Empowering Fair Investment Properties LLC Warranty Deed $700k · Genoa Banking Co
    Nov 18, 2022 — Fair Investment Properties LLC — Deed · related $200k · Lorin G Sanford Irrevocable Trust
    Oct 18, 2022 $940,000 Fair Investment Properties LLC Gabco Holdings LLC Warranty Deed $60k · Toledo Police FCU
    Dec 17, 2021 — Gabco Holdings LLC — Deed · related $3M · Waterford Bank NA
    Feb 11, 2011 — Gabco Holdings LLC Velocity Holdings LLC Warranty Deed —
    Jun 15, 2009 — Velocity Holdings LLC Velocity The Greatest Phone Quit Claim Deed · related —
    Jun 15, 2009 $920,000 Velocity The Greatest Phone Co 7130 Spring Meadows West Drive Warranty Deed —
    Aug 7, 2008 $920,000 Velocity The Greatest Phone Co 7130 Spring Meadows West Drive Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $775,000
      ML approach
      $905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,200,000
      6.5%
      $1,105,000
      7%
      $1,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $576,000
      Market price range: $430k - $577k
      AI Estimate
      $728,000
      Market price range: $349k - $729k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $505,000
      Current use
      RESTAURANT
      $1,175,000
      Change: +131% Conversion: Moderate
      MEDICAL BUILDING
      $825,000
      Change: +63% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $660,000
      Change: +30% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $595,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $575,000
      Change: +14% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $525,000
      Change: +4% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7111
    Latitude
    41.6122
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,537
    $41,370
    $176,715
    $218,085
    -
    $118,200
    $504,900
    $623,100

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      1232 Clark St

      OFFICE BUILDING
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    • Value Estimation by Request
      0.54 Acres

      Trust Dr

      OFFICE BUILDING
      Trust Dr, Holland, OH 43528
      View Details
    • Value Estimation by Request
      4,160 SF

      1100 Holland Sylvania Rd

      OFFICE BUILDING
      1100 Holland Sylvania Rd, Holland, OH 43528-8422
      View Details
    • Value Estimation
      $765,000
      12,740 SF

      1225 Corporate Dr

      OFFICE BUILDING
      1225 Corporate Dr, Holland, OH 43528-7899
      View Details
    • Value Estimation by Request
      9,308 SF

      1530 Kieswetter Rd

      OFFICE BUILDING
      1530 Kieswetter Rd, Holland, OH 43528-8677
      View Details
    • Value Estimation
      $925,000
      20,252 SF

      6936 Spg Vly Dr

      OFFICE BUILDING
      6936 Spg Vly Dr, Holland, OH 43528-9488
      View Details

    Similar Nearby for Sale

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      24,000 SF

      Holland, OH Office Building

      Office building in Holland, OH, for sale or lease.
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      15,173 SF

      Office Building For Sale

      Office building with 15173 square feet available for sale.
      7131 Spg Mdws Dr W, Holland, OH 43528
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      2,808 SF

      Prime Airport Highway Commercial Land

      Two-acre commercial parcel with Airport Highway exposure.
      8133 Airport Hwy, Holland, OH 43528
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    Similar Nearby for Lease

    • $16 SF/Yr

      Waterplace South Office Suites Available

      Office suites for lease with convenient access and ample parking.
      6135 Trust Dr, Holland, OH 43528
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    • $8 SF/Yr
      10,570 SF

      Holland Office Condos for Lease

      Prime Office Suites, High Visibility
      6912 Spring Valley Dr, Holland, OH 43528
      View Details
    • Contact for pricing

      Office Space for Lease

      Two-story office space available for lease in Holland, Ohio.
      7301 International Dr, Holland, OH 43528
      View Details
    • Contact for pricing
      2,030 SF

      Modern Office Suites For Lease

      Modern office suites in Holland, Ohio, with highway access.
      7359 International Dr, Holland, OH 43528
      View Details
    • Contact for pricing
      8,779 SF

      Industrial Condominium Unit For Rent

      Industrial condominium unit with retail element, ideal for showroom.
      6509-6513 Angola Rd, Holland, OH 43528
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Toledo, OH

      Retail property with convenient access and high student population nearby.
      1254-1320 S Holland Sylvania Rd, Toledo, OH 43528
      View Details
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    Holland, OH 43528-9296
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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