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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    165 Veterans Dr Holland, MI 49423-7812

    • Retail space
    • 13,670 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimations
    $1,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5297313
    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

    • Floors N More / Carpet & Flooring Store / Hardware & Home Improvement

    Property Details for 165 Veterans Dr

    Year built
    1996
    Lot size
    1.85 lot acres
    Property size
    13,670 SF
    Zone code
    C-2
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    53-02-05-446-005
    APU
    530205446005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,417,000
      Market price range: $1.42M - $6.55M
      AI Estimate
      $1,123,000
      Market price range: $989k - $2.74M

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Allegan
    State
    Michigan
    Longitude
    -86.0995
    Latitude
    42.7592
    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
    $373,582
    -
    $0.00
    $0.00
    $747,164

    Comparable in this City

    • Value Estimation
      $540,000
      5,800 SF

      791 Washington Ave

      STORE, RETAIL OUTLET • 5,800 SF
      791 Washington Ave, Holland, MI 49423-7130
      View Details
    • Value Estimation by Request
      1,665 SF

      632 16Th St

      Individual retail properties • 1,665 SF
      632 16Th St, Holland, MI 49423
      View Details
    • Value Estimation
      $1,425,000
      15,500 SF

      1038 Washington Ave

      STORE, RETAIL OUTLET • 15,500 SF
      1038 Washington Ave, Holland, MI 49423-5204
      View Details
    • Value Estimation
      $845,000
      7,381 SF

      630 32nd St

      STORE, RETAIL OUTLET • 7,381 SF
      630 32nd St, Holland, MI 49423-5376
      View Details
    • Value Estimation by Request
      17,814 SF

      835 Lincoln Ave

      STORE, RETAIL OUTLET • 17,814 SF
      835 Lincoln Ave, Holland, MI 49423-5306
      View Details
    • Value Estimation
      $4,715,000
      20,819 SF

      20 8th St

      RETAIL STORES (PERSONAL SERVICES) • 20,819 SF
      20 8th St, Holland, MI 49423-3565
      View Details

    Similar Nearby for Sale

    • $1,538,460
      510 SF

      638 16Th St

      Individual retail properties • 510 SF
      638 16Th St, Holland, MI 49423
      View Details
    • $2,044,615
      1,665 SF

      Grand Rapids MSA Take 5

      High-yield auto service center investment.
      632 16Th St, Holland, MI 49423
      View Details
    • $4,800,000
      76,225 SF

      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland with multiple loading docks.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $195,900
      Pending

      Versatile Commercial Space in Holland

      Shell space with customization potential in Holland, Michigan.
      148 E 32Nd St, Holland, MI 49423
      View Details
    • $525,000
      3,346 SF

      Mixed-Use Property Near Downtown Holland

      3,346 SF mixed-use property with retail and residential income potential.
      575 College Ave, Holland, MI 49423
      View Details
    • $1,850,000
      6,000 SF

      Established Liquor Store with Development Potential

      High-volume liquor store with gas station development opportunity.
      877 Washington Ave, Holland, MI 49423
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      7,326 SF

      Prime Retail Space, Washington Ave.

      Restaurant/Retail Opportunity - High Traffic Location
      1012 Washington Ave, Holland, MI 49423
      View Details
    • $24 SF/Yr
      1,285 SF

      Retail Space in Holland, MI

      Retail space for lease in prime Holland location.
      717 E 24Th St, Holland, MI 49423
      View Details
    • $17 SF/Yr
      1,104 SF

      Retail Space in Holland, MI

      End unit retail space in new strip center.
      667 Hastings Ave, Holland, MI 49423
      View Details
    • $16 SF/Yr
      2,474 SF

      Downtown Holland Retail/Office Space

      Retail/office space in downtown Holland with private parking.
      224 S Riv Ave Unit, Holland, MI 49423
      View Details
    • $24 SF/Yr
      2,000 SF

      Retail Space in Holland, MI

      Retail space for lease in prime Holland location.
      717 E 24Th St, Holland, MI 49423
      View Details
    • $13 SF/Yr
      1,410 SF

      Holland Retail and Warehouse Space

      Retail and warehouse spaces available in thriving Holland retail district.
      1145 Office, 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.
    165 Veterans Dr
    Holland, MI 49423-7812
    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.