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Property profile & analytics
FOR LEASE
Office buildings
127 N River Ave, Holland, MI 49424
Entity Owned
Free & Clear
Property ID
US43-2025086
For Lease
1 / 10
$12 SF/Yr
127 N River Ave, Holland, MI 49424
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Property summary
AI-generated overview
This exceptional 2,128-square-foot commercial building in Holland, Michigan, presents a unique investment opportunity. Located at 127 N River Ave, 49424, this single-tenant property boasts a highly desirable location with exceptional visibility. Over 30,000 vehicles pass by daily, ensuring maximum exposure for your business. The building's versatile design is suitable for a variety of uses, including traditional office, coworking, creative office, or executive office spaces, even retail or restaurant uses. Currently entirely vacant, the space offers immediate occupancy. The property is adaptable to your specific business needs
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Total area
2,128 SF
Lot
0.25 ac (10,934 SF)
Zoning code
C-2
APN
70-16-20-300-006
UPID
US43-2025086
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
North River LLC
North River LLC
since 2025
4 recorded transactions
Zoning & alternative use
C-2 · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,564
Tax year 2022
Assessed value
$134,500
Assessed 2023
Previous assessed
$134,500
+0.0% YoY
Effective rate
3.39%
On assessed value
Total market value
$269,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1940
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
2,128 SF
Lot
0.25 ac (10,934 SF)
Zoning code
C-2
APN
70-16-20-300-006
UPID
US43-2025086
Jurisdiction
OTTAWA
Zoning & alternative use
C-2 · Holland, MI
Zoning 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
Holland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
North River LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6 RAPP FARM BLVD W, NORTH OAKS, MN 55127-4201
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
North River LLC
Isaac R Mogck
Quitclaim Deed
related
—
Sep 13, 2023
—
Triceratops Ranch LLC
North River LLC
Land Contract
—
Apr 24, 2015
—
Flagstar Bank Fsb
North Side Triangle Partners LLC
Warranty Deed
—
Jul 21, 2005
$325,000
North River LLC
Carol Lavon Mcqueen
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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