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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Flex space
12255 Felch St Holland, MI 49424-9676
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-2348165
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Total area
15,000 SF
Lot
2.17 ac (94,525 SF)
Zoning code
C-2
APN
70-16-16-200-048
UPID
US43-2348165
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
Current use
Occupant on record · Public records
-
Car Center - Holland Auto Repair Shop
-
Birkdale Property Management Property Management Company
-
Crazy Bounce Arcade & Gaming Center Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$1.45M
Owner & transaction history
Chice Properties Mi 2 LLC · 2 yrs held
Chice Properties Mi 2 LLC
since 2023
5 recorded transactions
Zoning & alternative use
C-2 · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+40.1%
Commercial (general)
$1.7M
+18.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,460,000
Current use
OFFICE BUILDING
$2,050,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,730,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,285,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,245,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10%
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
$97 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$26,186
Tax year 2022
Assessed value
$803,400
Assessed 2023
Previous assessed
$803,400
+0.0% YoY
Effective rate
3.26%
On assessed value
Total market value
$1,606,800
Applied tax rate
17.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
15,000 SF
Lot
2.17 ac (94,525 SF)
Zoning code
C-2
APN
70-16-16-200-048
UPID
US43-2348165
Jurisdiction
OTTAWA
Zoning & alternative use
C-2 · Holland, MIZoning C-2 · permitted uses
C-2 · Holland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
2.17 ac
Current owner
From public records · entity-resolved
Chice Properties Mi 2 LLC
Entity
Mailing address
12400 14TH MILE RD NE, GREENVILLE, MI 48838-8422
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
—
Chice Properties Mi 2 LLC
Gri Felch LLC
Warranty Deed
$1,800,000 · Commercial Bank Greenville
Nov 21, 2022
—
Gri Felch LLC
Jsi Warehouse LLC
Warranty Deed
$1,400,000 · Lake Michigan Cu
Mar 29, 2021
—
Jsi Warohouse LLC
—
Deed
related
$1,087,500 · Tcf National Bank
Nov 21, 2019
—
Jsi Warehouse LLC
Viro LLC
Warranty Deed
—
Jun 21, 2005
$230,000
Viro LLC
Felch Street Self Storage LLC
Warranty Deed
$843,200 · West Michigan Community Bank 1
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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