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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Flex space
12813 Riley St Holland, MI 49424-9201
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0138423
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Total area
8,766 SF
Lot
1.19 ac (51,749 SF)
Zoning code
I-2
APN
70-16-08-400-039
UPID
US43-0138423
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
-
Five Star Machine, LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$780k
Blend (final)
Blend
$785k
Owner & transaction history
Astro Properties LLC · 1 yrs held
Astro Properties LLC
since 2025
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
I-2 · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+40.1%
Commercial (general)
$1.0M
+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
$755,000
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)
$855,000
Current use
OFFICE BUILDING
$1,195,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,010,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$730,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $800k (May 12 2025)
Last sale anchor
$800k
May 12 2025
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
$90 / 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
$11,816
Tax year 2022
Assessed value
$235,800
Assessed 2023
Previous assessed
$235,100
+0.3% YoY
Effective rate
5.01%
On assessed value
Total market value
$471,600
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
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
8,766 SF
Lot
1.19 ac (51,749 SF)
Zoning code
I-2
APN
70-16-08-400-039
UPID
US43-0138423
Jurisdiction
OTTAWA
Zoning & alternative use
I-2 · Holland, MIZoning I-2 · permitted uses
I-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
$855,000
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$750,000
WAREHOUSE, STORAGE
Est. value
$730,000
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
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Astro Properties LLC
Entity
Mailing address
504 W LAKEWOOD BLVD, HOLLAND, MI 49424-6438
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
May 12, 2025
$800,000
Astro Properties LLC
Rooster Enterprises LLC
Warranty Deed
$640,000 · Macatawa Bank
May 28, 2021
—
Rooster Enterprises LLC
Go3 Properties LLC
Warranty Deed
—
May 15, 2018
—
Go3 Properties LLC
Cal & Karen LLC
Warranty Deed
—
Jun 13, 2006
—
Cal & Karen LLC
Sordal INC
Warranty Deed
$256,000 · Fifth Third Bank
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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