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Property profile & analytics
OFF-MARKET
Estimated value
$12,410,000
Warehouses
Shanrock Dr Holland, OH 43528
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-3963475
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Total area
148,680 SF
Lot
8.5 ac (370,260 SF)
Zoning code
19-M3
APN
65-14955
UPID
US66-3963475
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
$9.36M
CAP Approach
CAP
$14.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.41M
Owner & transaction history
7400 Airport LLC · 4 yrs held
7400 Airport LLC
since 2022
Last sale
$12.6M
2 recorded transactions
Zoning & alternative use
19-M3 · Holland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code – Holland, Ohio
Top alternative use upside
Medical building
$15.1M
+168.8%
Neighborhood: shopping center
$12.1M
+115.4%
Auto repair, garage
$10.9M
+94.5%
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
$12,755,000
ML approach
$9,360,000
CAP Approach
CAP Return
Estimation
6%
$16,010,000
6.5%
$14,780,000
7%
$13,725,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,050,000
Change: +169% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,055,000
Change: +115% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,885,000
Change: +94% · Conversion: Easy
RETAIL STORES
$10,515,000
Change: +88% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,595,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$9,240,000
Change: +65% · Conversion: Difficult
Blend value · Realmo final
$12.41M
Range $11.17M – $13.65M · ±10% · vs last sale $12.58M (Apr 15 2022)
Last sale anchor
$12.58M
Apr 15 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
$83 / 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
$89,128
Tax year 2023
Assessed value
$979,615
Assessed 2023
Previous assessed
$979,615
+0.0% YoY
Effective rate
9.10%
On assessed value
Assessed land
$310,905
Assessed improvement
$668,710
Land market value
$888,300
Improvement market value
$1,910,600
Total market value
$2,798,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Heating
NONE
Stories
1
Total area
148,680 SF
Lot
8.5 ac (370,260 SF)
Zoning code
19-M3
APN
65-14955
UPID
US66-3963475
Jurisdiction
LUCAS
Zoning & alternative use
19-M3 · Holland, OHZoning 19-M3 · permitted uses
19-M3 · 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
MEDICAL BUILDING
Est. value
$15.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$10.9M
RETAIL STORES
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$9.6M
OFFICE BUILDING
Est. value
$9.2M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1971
Heating
NONE
Stories
1
Lot
8.5 ac
Current owner
From public records · entity-resolved
7400 Airport LLC
Entity
Mailing address
9450 BRYN MAWR AVE STE #750, ROSEMONT, IL 60018-5253
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
$12,580,000
7400 Airport LLC
Woodsage LLC
Limited Warranty Deed
$93,000,000 · Cibc Bank USA
Nov 4, 2014
$1,800,000
Woodsage LLC
Woodsage Properties 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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