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Property profile & analytics
FOR LEASE
Strip malls
2863 W Shore Dr Holland, MI 49424
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-2131856
For Lease
1 / 8
Contact for pricing
2863 W Shore Dr, Holland, MI 49424
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Property summary
AI-generated overview
This exceptional retail opportunity is located at 2863 W Shore Dr in Holland, Michigan, within the West Shore Center strip mall. The property, built in 1990, offers four available spaces ranging from 1,170 to 3,632 square feet, perfect for a variety of retail businesses. The 24,808 square foot center sits on 1.635 acres of land and provides 70 parking spaces for ample customer convenience. Its prime location at the corner of US-31 and Felch Street ensures high visibility and traffic counts. The C2 zoning allows for a range of retail uses. The property features a strong tenant mix, creating a vibrant and attractive shopping environment. This is an ideal location for businesses seeking high foot traffic and excellent exposure in a well-established retail center. The property's address is 2863 W Shore Dr, Holland, MI 49424, with the APN 70-16-16-180-006 in Ottawa County. No elevators are present on the property. This is a prime opportunity to establish or expand your retail presence in a thriving Michigan market. Contact us today to learn more about leasing options and availability.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Total area
24,808 SF
Lot
1.63 ac (71,003 SF)
APN
70-16-16-180-006
UPID
US43-2131856
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
-
F45 training north holland Gym & Fitness Center
-
China Inn Restaurant
-
Coastal Careers Recruiting and Placement Employment Agency
-
OneMain Financial Loan Service
-
Off The Grid Clothing Store Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.26M
Owner & transaction history
Anoop Invesments LLC · 4 yrs held
Anoop Invesments LLC
since 2021
Last sale
$3.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,255,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,600,000
6.5%
$4,245,000
7%
$3,940,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,065,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$3,275,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,880,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,865,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.26M
Range $3.83M – $4.68M · ±10% · vs last sale $3.30M (Dec 29 2021)
Last sale anchor
$3.30M
Dec 29 2021
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
$172 / 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
$48,255
Tax year 2022
Assessed value
$1,555,100
Assessed 2023
Previous assessed
$960,100
+62.0% YoY
Effective rate
3.10%
On assessed value
Total market value
$3,110,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1990
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
24,808 SF
Lot
1.63 ac (71,003 SF)
APN
70-16-16-180-006
UPID
US43-2131856
Jurisdiction
OTTAWA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
Year built
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Anoop Invesments LLC
Entity
Mailing address
4729 MARSHALL RD, NORTON SHORES, MI 49441-5383
Ownership since
2021
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
Dec 29, 2021
$3,300,000
Anoop Invesments LLC
West Shore Center LLC
Warranty Deed
$2,475,000 · First National Bank Of Michigan
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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