12386 Felch St Holland, MI 49424
Property profile & analytics
12386 Felch St Holland, MI 49424
- Outlet malls
- 80,542 SF
- 5.96 lot acres
Property ID
US43-0561783
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.
Location Intelligence
Current Use by Public Records
- Hobby Lobby / (Bike/Boat/Book/etc) Store
- Hobby Lobby Parking Lot / Parking Lot & Garage
- Furniture and Mattress Warehouse / Furniture & Home Goods / Home Decor Store
Property Details for 12386 Felch St
- Year built
- 1989
- Lot size
- 5.96 lot acres
- Property size
- 80,542 SF
- Zone code
- C-2
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 70-16-16-400-047
- APU
- 701616400047
Description
This exceptional investment opportunity presents a 80,280 square foot storefront property in Holland, Michigan, fully occupied by a credit-rated Hobby Lobby under a Net Lease (NN+) agreement. The property boasts a strong 7.25% cap rate and a substantial remaining lease term of 9.8 years, extending to August 31, 2034. The lease includes rent bumps of $0.50 per square foot every five years, ensuring consistent income growth. The asking price is $5,520,662, translating to a price per square foot of $68.77. Located at 12386 Felch St, Holland, MI 49424, this asset benefits from its prime location off US Highway 31, a major thoroughfare in western Michigan. The property is situated in a thriving retail area, near other major retailers including Lowe's, Walmart, and Meijer, ensuring high visibility and foot traffic. The building features a new roof installed in 2017, and the landlord is responsible for roof and structural maintenance. The property's strong tenant, long lease term, and favorable location make it an attractive investment for discerning buyers seeking stable, high-yielding returns. The Net Operating Income (NOI) currently stands at $400,248. This is a multi-tenant property, though the provided information only details the Hobby Lobby lease.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,550,000
- AI Estimate
- $8,847,000
Market price range: $8.35M - $38.6MMarket price range: $8.35M - $29.9M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Holland
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.0882
- Latitude
- 42.8184
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI 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
2022
$73,770
$0.00
$0.00
$2,810,500
-
$0.00
$0.00
$5,621,000
