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

    12386 Felch St Holland, MI 49424

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,248

    Two-tenant retail asset near US Highway 31 in Holland, MI.

    Property size:
    80,280 SF
    Lot size:
    12.26 Acres

    Property Features for 12386 Felch St

    General Information

    Size
    80,280 SF
    Lot size
    12.26 Acres

    We can help!

    Listing Contact
    Christopher Twist
    Christopher Twist
    Source: Moodyscre

    Listing Agent: Christopher Twist

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

    Learn more

    Overview

    Holland, MI Retail Investment Opportunity

    This two-tenant retail asset is located in Holland, Michigan, off of US Highway 31, a major north-south corridor through western Michigan. The property is situated in an area with a mix of retail, hospitality, and residential properties, including Westshore Mall, which is immediately to the south. The property features a Hobby Lobby lease extension, demonstrating a commitment to the location. Hobby Lobby is ranked #64 on Forbes list of America’s Largest Private Companies. Landlord responsibilities include the roof and structure. The property offers easy access to US Highway 31 and I-196 and is located in a heavy retail corridor with Lowe's, Walmart, and Meijer nearby. The property size is 80280 square feet.
    Location Intelligence

    Current Use by Public Records

    Hobby Lobby Craft Store Hobby Lobby Parking ... Parking Lot Furniture and Mattress Warehouse Furniture Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.0881935
    Latitude
    42.8184285

    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?
    Strip mall - Two-tenant retail asset near US Highway 31 in Holland, MI.
    Where is this strip mall located?
    The property is located at 12386 Felch St Holland, MI.
    What is the asking price?
    The asking price for this property is $400,248.
    What are key features of this property?
    This property features: - Early 10-year Hobby Lobby lease extension demonstrates a strong commitment to the location.; - Located off US Highway 31, a major north-south corridor in Western Michigan, providing easy access.; - Situated in a well-balanced area with retail, hospitality, and residential properties.
    (561) 602-8390
    Request Owner's contact information
    12386 Felch St Holland, MI 49424
    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.
    12386 Felch St
    Holland, MI 49424
    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
    12386 Felch St Holland, MI 49424
    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
    Christopher Twist
    Christopher Twist
    (561) 602-8390
    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.