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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
16 Main Ave Zeeland, MI 49464-1702
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US43-2126942
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
5,050 SF
Lot
0.3 ac (12,894 SF)
Zoning code
C-2
APN
70-17-19-101-045
UPID
US43-2126942
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
-
Meyaard Tolman & Venlet p.c. Accounting Firm Tax Preparation
-
Olszewski Charles D CPA Accounting Firm Tax Preparation
-
Meyaard Glenn CPA Accounting Firm Tax Preparation
-
Venlet Jayne E CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$560k
Owner & transaction history
Jcj Holdings LLC · 19 yrs held
Jcj Holdings LLC
since 2007
1 recorded transaction
Zoning & alternative use
C-2 · Zeeland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$750,000
+8.4%
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 Zeeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zeeland 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
OFFICE BUILDING
$690,000
Current use
RETAIL STORES
$750,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$670,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$560,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$111 / 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
$10,586
Tax year 2022
Assessed value
$248,900
Assessed 2023
Previous assessed
$241,800
+2.9% YoY
Effective rate
4.25%
On assessed value
Total market value
$497,800
Applied tax rate
79.0000
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
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
5,050 SF
Lot
0.3 ac (12,894 SF)
Zoning code
C-2
APN
70-17-19-101-045
UPID
US43-2126942
Jurisdiction
OTTAWA
Zoning & alternative use
C-2 · Zeeland, MI
Zoning C-2 · permitted uses
C-2 · Zeeland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zeeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$690,000
RETAIL STORES
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$560,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2
Buildings
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Jcj Holdings LLC
Entity
Mailing address
16 E MAIN AVE, ZEELAND, MI 49464-1702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2007
$275,000
Jcj Holdings LLC
Barlo Demey Land Co
Warranty Deed
$391,000 · Mercantile Bank Mortgage Company LLC
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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