Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1581 Washington Ave Holland, MI 49423-9309

    • Warehouses
    • 10,000 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2208935
    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.

    Current Use by Public Records

    • Hertz Car Rental - Avflight Holland / Car Rental Agency

    Property Details for 1581 Washington Ave

    Year built
    1987
    Lot size
    0.94 lot acres
    Property size
    10,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    53-02-08-300-903
    APU
    530208300903

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Allegan
    State
    Michigan
    Longitude
    -86.116
    Latitude
    42.7447
    CBSA code
    26090
    CBSA name
    HOLLAND, MI MICROPOLITAN 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
    2023
    $0.00
    $0.00
    $0.00
    $217,246
    -
    $0.00
    $0.00
    $434,492

    Comparable in this City

    • Value Estimation by Request
      912 SF

      468 Chicago Dr

      MINI-WAREHOUSE, STORAGE • 912 SF
      468 Chicago Dr, Holland, MI 49423-2961
      View Details
    • Value Estimation by Request
      60,000 SF

      1362 Lincoln Ave

      MINI-WAREHOUSE, STORAGE • 60,000 SF
      1362 Lincoln Ave, Holland, MI 49423-9381
      View Details
    • Value Estimation by Request
      7,032 SF

      1883 M 40

      MINI-WAREHOUSE, STORAGE • 7,032 SF
      1883 M 40, Holland, MI 49423-8521
      View Details
    • Value Estimation by Request
      39,802 SF

      345 48th St Ste, Unit 200

      MINI-WAREHOUSE, STORAGE • 39,802 SF
      345 48th St Ste, Holland, MI 49423-5381
      View Details
    • Value Estimation by Request
      45,213 SF

      120 Geurink Blvd

      MINI-WAREHOUSE, STORAGE • 45,213 SF
      120 Geurink Blvd, Holland, MI 49423-7847
      View Details
    • Value Estimation by Request
      6,000 SF

      76 Veterans Dr Ste, Unit 500

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      76 Veterans Dr Ste, Holland, MI 49423-7823
      View Details

    Similar Nearby for Sale

    • $760,320
      3,840 SF

      Holland Industrial Storage Condos

      Brand new, waterfront storage units.
      467 Ottawa Ave, Holland, MI 49423
      View Details
    • $1,105,920
      5,760 SF

      Holland Industrial Storage Condos

      Brand new, 3-unit storage complex near Lake Macatawa.
      467 Ottawa Ave, Holland, MI 49423
      View Details
    • $393,600
      1,920 SF

      Holland Industrial Condo - $393,600

      Brand new storage condo near Lake Macatawa.
      467 Ottawa Ave, Holland, MI 49423
      View Details
    • $550,000
      3,800 SF

      Holland Shop/Warehouse For Sale

      3,800 SF shop/warehouse near I-196 in Holland, Michigan.
      4264 Destiny Dr, Holland, MI 49423
      View Details
    • $1,850,000
      18,688 SF

      Holland Warehouse For Sale

      18,688 SF warehouse available for purchase in Holland, MI.
      343 E 8Th St, Holland, MI 49423
      View Details
    • $329,900
      2,750 SF

      Holland Commercial Building For Sale

      Commercial duplex with office and warehouse space available for sale.
      38 Veterans Dr, Holland, MI 49423
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      76,225 SF

      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland, suitable for various uses.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $4 SF/Yr
      24,990 SF

      Holland Manufacturing and Warehouse Space

      Manufacturing and warehouse space with office, loading docks, and parking.
      455 E 64Th St, Holland, MI 49423
      View Details
    • $6 SF/Yr
      19,272 SF

      Holland Industrial Condos For Rent

      New industrial condos available in Holland with convenient access.
      72 W 64Th St, Holland, MI 49423
      View Details
    • $6 SF/Yr
      38,545 SF

      Holland Industrial Condos for Sale

      New industrial space, multiple units available
      72 64Th St, Holland, MI 49423
      View Details
    • $7 SF/Yr
      9,636 SF

      Holland Industrial Condos For Lease

      New industrial condos available at Runway Industrial Park in Holland.
      72 W 64Th St, Holland, MI 49423
      View Details
    • $4 SF/Yr
      20,800 SF

      Industrial Space For Lease

      20,800 SF industrial space available in Holland, Michigan.
      510 E 16Th St, Holland, MI 49423
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1581 Washington Ave
    Holland, MI 49423-9309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.