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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Flex space
156 Manufacturers Dr, Holland, MI 49424-1893
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-2442801
Property summary
AI-generated overview
This exceptional 11,700-square-foot single-tenant industrial building presents a fantastic opportunity for manufacturing businesses seeking a lakeshore location in Holland. Built in 1994, this Class B property sits on a 0.93-acre lot and features a single-story structure with impressive ceiling heights ranging from 21 to 25 feet. The building boasts two 14' x 14' overhead drive-in doors, providing convenient access for loading and unloading. Ample power is available with two panels of 480V/400 Amp service, and a 20-ton crane is available if needed. The property includes 16 parking spaces. The interior comprises 11,700 square feet of manufacturing space, supplemented by 1,100 square feet of office space, which includes a light mezzanine area. Recent upgrades include the installation of new LED lighting in September 2024. The property is zoned for industrial use and its APN is 70-16-17-310-004. This is an ideal space for a company seeking its own dedicated manufacturing facility in a desirable lakeshore location. Don't miss this chance to secure this well-maintained and strategically located industrial property.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Total area
11,700 SF
Lot
0.93 ac (40,511 SF)
Zoning code
I-1
APN
70-16-17-310-004
UPID
US43-2442801
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
-
West Michigan Spline, Inc. Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
156 Manufacturing LLC · 1 yrs held
156 Manufacturing LLC
since 2025
2 recorded transactions
Zoning & alternative use
I-1 · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+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)
$1,140,000
Current use
COMMERCIAL (GENERAL)
$1,350,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,000,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$970,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$75 / 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
$9,939
Tax year 2022
Assessed value
$386,700
Assessed 2023
Previous assessed
$386,700
+0.0% YoY
Effective rate
2.57%
On assessed value
Total market value
$773,400
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
11,700 SF
Lot
0.93 ac (40,511 SF)
Zoning code
I-1
APN
70-16-17-310-004
UPID
US43-2442801
Jurisdiction
OTTAWA
Zoning & alternative use
I-1 · Holland, MI
Zoning I-1 · permitted uses
I-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$970,000
INDUSTRIAL (GENERAL) Current
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
0.93 ac
Current owner
From public records · entity-resolved
156 Manufacturing LLC
Entity
Mailing address
323 100TH ST SW, BYRON CENTER, MI 49315-9205
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
—
156 Manufacturing LLC
Timothy J Stegink
Warranty Deed
$803,611 · Old National Bank
Apr 18, 2024
—
Timothy J Stegink
West Michigan Spline INC
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.
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