Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    635 E 48Th St Holland, MI 49423

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,499,000

    Land suitable for gas station and convenience store development.

    Lot size:
    2.29 Acres

    Property Features for 635 E 48Th St

    General Information

    Lot size
    2.29 Acres

    We can help!

    Listing Contact
    Walter Bulkowski
    Walter Bulkowski
    Source: Moodyscre

    Listing Agent: Walter Bulkowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Holland Commercial Land Opportunity

    This property in Holland, MI, presents an opportunity for commercial development, particularly for a gas station and convenience store. The City of Holland has started rezoning the site from industrial to commercial to facilitate redevelopment into a gas/convenience store. The location benefits from a substantial employee base, with nearly 6,000 employees working within a 1-mile radius. Once the LG plant, located approximately 1/4 mile away, reaches full occupancy, the number of employees within 1 mile is expected to exceed 7,000. In addition to the high employee concentration, there are over 19,000 residents within a 3-mile radius, contributing to strong daily traffic and long-term demand for fuel and convenience services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    West Michigan Truck ... Equipment Supplier Heirloom Importers,llc Flooring Contractor Haworth Furniture Store Donati Industries Inc. Manufacturer Seasonal Storage, LLC Storage Facility

    Suggested Use

    Restaurant Dental Office Building Supply Auto Repair Shop Wholesale Shop Clothing Store Auto Parts Store Gym & Fitness Hotel & Motel Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.080234
    Latitude
    42.7565963

    Nearby Similar for Sale

    • $625,000
      0.23 Acres

      Holland Duplex in Historic District

      Two-unit duplex with income potential in Holland's Historic District.
      186 W 12Th St, Holland, MI 49423
      View Details
    • $799,900
      4,379 SF

      Iconic Office Suite in Holland

      Unique professional office suite in Holland's vibrant Eastcore community.
      217 E 24Th St, Holland, MI 49423
      View Details
    • $4,800,000
      76,225 SF

      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland with multiple loading docks.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $409,500
      1,920 SF

      Holland Storage Condos For Sale

      New storage condo units near Lake Macatawa, ranging from 1,920-5,760 SF.
      460 Cleveland Ave, Holland, MI 49423
      View Details
    • $791,120
      3,840 SF

      New Storage Condos Near Lake

      New storage condo units with high ceilings near Lake Macatawa.
      460 Cleveland Ave, Holland, MI 49423
      View Details
    • $1,150,220
      5,760 SF

      New Storage Condos Near Lake

      New storage condo units with high ceilings near Lake Macatawa.
      460 Cleveland Ave, Holland, MI 49423
      View Details
    • $599,900
      0.28 Acres

      Holland Fourplex Investment Opportunity

      Fourplex in Holland with rental history and city inspection.
      1144 Country Ln, Holland, MI 49423
      View Details
    • $599,900
      0.28 Acres

      Holland Fourplex Investment Opportunity

      Fourplex with rental history, close to downtown Holland and Zeeland.
      1144 Country Ln, Holland, MI 49423
      View Details
    • $415,000
      Pending

      Income-Producing Duplex with Heated Outbuilding

      Holland duplex with rental certificates and additional heated outbuilding.
      297-301 W 23Rd St, Holland, MI 49423
      View Details
    • $950,000
      Pending

      Holland Multifamily Investment Opportunity

      Seven-unit apartment building near Hope College and Downtown Holland.
      451 Lincoln Ave, Holland, MI 49423
      View Details
    • $3,255,525
      11,580 SF

      Holland Office Space with Flexibility

      Adaptable office suites with co-working spaces and custom floorplans.
      85 250, Holland, MI 49423
      View Details
    • $2,706,750
      8,344 SF

      Holland Office Space For Sale

      Second floor office space with flexible layout and collaborative areas.
      85 250, Holland, MI 49423
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land suitable for gas station and convenience store development.
    Where is this commercial land located?
    The property is located at 635 E 48Th St Holland, MI.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Rezoning Initiated to commercial, specifically for gas/convenience store redevelopment.; - High Employee Density: Nearly 6,000 employees within 1 mile, projected to exceed 7,000 with LG plant.; - Strong Residential Base: Over 19,000 residents within 3 miles.
    (616) 581-5334
    Request Owner's contact information
    635 E 48Th St Holland, MI 49423
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    635 E 48Th St
    Holland, MI 49423
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    635 E 48Th St Holland, MI 49423
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Walter Bulkowski
    Walter Bulkowski
    (616) 581-5334
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.