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

    193 Lakewood Blvd Holland, MI 49424-2067

    • Flex space
    • 5,625 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3344515
    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

    • EBC Security & Electric / Security Service / General Contractor
    • Purity Cylinder Gases / Big Box & Wholesale Store / Building Supply
    • Beautiful Me Hair Studio / Hair Salon / Nail Salon

    Property Details for 193 Lakewood Blvd

    Year built
    2017
    Lot size
    1.44 lot acres
    Property size
    5,625 SF
    Zone code
    C-2
    Property type
    Flex space
    APN
    70-16-20-200-024
    APU
    701620200024

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $749,000
      Market price range: $360k - $750k
      AI Estimate
      $338,000
      Market price range: $89.2k - $339k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $550,000
      Current use
      OFFICE BUILDING
      $770,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $650,000
      Change: +19% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $480,000
      Change: -12% Conversion: Easy
      WAREHOUSE, STORAGE
      $465,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.1002
    Latitude
    42.8059
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN 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
    2022
    $13,274
    $0.00
    $0.00
    $306,000
    -
    $0.00
    $0.00
    $612,000

    Comparable in this City

    • Value Estimation
      $30,990,000
      320,349 SF

      12875 Greenly St

      LIGHT INDUSTRIAL • 320,349 SF
      12875 Greenly St, Holland, MI 49424-7263
      View Details
    • Value Estimation
      $3,680,000
      91,782 SF

      182 Howard Ave

      LIGHT INDUSTRIAL • 91,782 SF
      182 Howard Ave, Holland, MI 49424-6517
      View Details
    • Value Estimation
      $5,385,000
      112,118 SF

      11359 James St

      LIGHT INDUSTRIAL • 112,118 SF
      11359 James St, Holland, MI 49424-8627
      View Details
    • Value Estimation
      $26,425,000
      362,916 SF

      3460 John F Donnelly Dr

      LIGHT INDUSTRIAL • 362,916 SF
      3460 John F Donnelly Dr, Holland, MI 49424-9294
      View Details
    • Value Estimation
      $5,650,000
      92,450 SF

      2530 Kamar Dr

      LIGHT INDUSTRIAL • 92,450 SF
      2530 Kamar Dr, Holland, MI 49424-8964
      View Details
    • Value Estimation
      $5,365,000
      103,928 SF

      3575 128th Ave

      LIGHT INDUSTRIAL • 103,928 SF
      3575 128th Ave, Holland, MI 49424-9263
      View Details

    Similar Nearby for Sale

    • New
      $1,980,000
      15,000 SF

      Renovated Industrial Building with Expansion Potential

      Renovated industrial building with office and warehouse space on 2.69 acres.
      2336 112Th Ave, Holland, MI 49424
      View Details
    • $2,225,000
      8 SF

      Elite Flex Space/Toy Barn

      Unique flex space with high-end finishes and versatile functionality.
      425 Holland Ave, Holland, MI 49424
      View Details
    • $1,150,000
      10,380 SF

      Holland Commercial Building For Sale

      Centrally located commercial building with offices, docks, and overhead door.
      10841 Paw Paw Dr, Holland, MI 49424
      View Details
    • $883,400
      25.24 Acres

      Prime Holland Industrial Land

      25 Acres, I-2 Zoning, Tax Abatement Possible
      4303 Hallacy Dr, Holland, MI 49424
      View Details
    • $1,549,000
      12,000 SF

      Holland Boat Storage Facility

      12,000 SF, Vacant, New Construction
      503 Douglas Ave, Holland, MI 49424
      View Details
    • $1,549,000
      12,000 SF

      Holland Industrial Property For Sale

      12,000 square foot industrial property in Holland, Michigan.
      503 Douglas Ave, Holland, MI 49424
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      10,380 SF

      Holland Commercial Building For Lease

      Centrally located flex/industrial/office/warehouse space near Chicago Drive.
      10841 Paw Paw Dr, Holland, MI 49424
      View Details
    • $7 SF/Yr

      Clean Warehouse Space with Office

      8,000 SF warehouse with shop office and overhead doors.
      11699 Greenway Dr, Holland, MI 49424
      View Details
    • $7 SF/Yr
      24,080 SF

      Holland Manufacturing/Warehouse Space Available

      8,000 SF manufacturing/warehouse space with overhead doors for lease.
      11699 Greenway Dr, Holland, MI 49424
      View Details
    • $14 SF/Yr
      1,500 SF

      Holland Retail/Warehouse Space For Rent

      1,500 SF retail/warehouse space in high-traffic area.
      154 E Lakewood Blvd, Holland, MI 49424
      View Details
    • $6 SF/Yr
      457,400 SF

      Holland Industrial Manufacturing Facility

      Massive single-tenant facility; prime location.
      13467 Quincy St, Holland, MI 49424
      View Details
    • $3,200 /Mo
      3,240 SF

      Holland Retail/Warehouse Space For Rent

      Retail/warehouse space with high visibility and traffic count.
      238 120Th Ave, Holland, MI 49424
      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.
    193 Lakewood Blvd
    Holland, MI 49424-2067
    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.