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Property profile & analytics
OFF-MARKET
Golf courses & driving ranges
13620 Carmella Ln Holland, MI 49424-8477
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-2422763
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Total area
105,764 SF
Lot
12.05 ac (525,072 SF)
Zoning code
R-3
APN
70-16-07-200-045
UPID
US43-2422763
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
-
The Lakes of Holland Apartment Building
-
Meadows Apartment Building
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
Freg Lakes Of Holland Associates Ll · 9 yrs held
Freg Lakes Of Holland Associates Ll
since 2016
4 recorded transactions
Zoning & alternative use
R-3 · 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
$121,095
Tax year 2022
Assessed value
$4,853,400
Assessed 2023
Previous assessed
$4,343,700
+11.7% YoY
Effective rate
2.50%
On assessed value
Total market value
$9,706,800
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Heating
FORCED AIR
Buildings
13
Stories
2
Total area
105,764 SF
Lot
12.05 ac (525,072 SF)
Zoning code
R-3
APN
70-16-07-200-045
UPID
US43-2422763
Jurisdiction
OTTAWA
Zoning & alternative use
R-3 · Holland, MI
Zoning R-3 · permitted uses
R-3 · 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
Heating
FORCED AIR
Stories
2
Buildings
13
Lot
12.05 ac
Current owner
From public records · entity-resolved
Freg Lakes Of Holland Associates Ll
Entity
Mailing address
240 SAINT PAUL ST STE #400, DENVER, CO 80206-5123
Ownership since
2016
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
Oct 21, 2019
—
Freg Lakes Of Holland Associates Ll
—
Deed
related
$2,090,000 · Walker & Dunlop LLC
Aug 30, 2016
—
Freg Lakes Of Holland Associates Ll
Holland Cherry Grove LLC
Deed
$8,200,000 · Walker & Dunlop LLC
Aug 23, 2013
—
Deancurt Holland LLC
Michigan State Housing Development
Quit Claim Deed
related
$13,000,000 · Td Bank NA
Apr 12, 2013
—
Michigan State Housing Development
West Ottawa Townhomes Limited Divid
Deed In Lieu Of Foreclosure
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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