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Property profile & analytics
OFF-MARKET
Medical Office Space
3100 Wellness Dr Holland, MI 49424-8122
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-3329090
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
10,449 SF
Lot
1.81 ac (79,061 SF)
Zoning code
OS
APN
70-16-16-200-064
UPID
US43-3329090
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
-
Michigan ENT and Allergy Specialists Physician
-
Dr. Michael Foster, DO Physician
-
Michigan ENT & Allergy Specialists Physician
-
Dr. Richard J. Strabbing, DO Physician
-
Erica Lynne Mandrick, AuD, CCC-A Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
North Wellness Drive LLC · 4 yrs held
North Wellness Drive LLC
since 2022
Last sale
$16,500
2 recorded transactions
Zoning & alternative use
OS · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
OS Open Space PUD Planned Unit Development Residential zone districts. When UDO uses the term "residential zone districts ," that means the LDR, CNR, MDR, TNR, HDR, and MHR Zone Districts collectively. The maps in Sections 39-2.05 through 39-2.18 are illustrative only. The regulatory Zoning Map is located in Section 39-1.05 .
Zone name
Open Space
General category
OPEN_SPACE
Zone area
734.27 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$40,483
Tax year 2022
Assessed value
$936,000
Assessed 2023
Previous assessed
$918,800
+1.9% YoY
Effective rate
4.33%
On assessed value
Total market value
$1,872,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
10,449 SF
Lot
1.81 ac (79,061 SF)
Zoning code
OS
APN
70-16-16-200-064
UPID
US43-3329090
Jurisdiction
OTTAWA
Zoning & alternative use
OS · Holland, MIZoning OS · permitted uses
OS · Holland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
OS Open Space PUD Planned Unit Development Residential zone districts. When UDO uses the term "residential zone districts ," that means the LDR, CNR, MDR, TNR, HDR, and MHR Zone Districts collectively. The maps in Sections 39-2.05 through 39-2.18 are illustrative only. The regulatory Zoning Map is located in Section 39-1.05 .
Zone name
Open Space
General category
OPEN_SPACE
Zone area
734.27 ac
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
1.81 ac
Current owner
From public records · entity-resolved
North Wellness Drive LLC
Entity
Mailing address
1622 WAUKAZOO DR, HOLLAND, MI 49424-2640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
North Wellness Drive LLC
—
Deed
related
$1,700,000 · Grand River Bank
Nov 4, 2016
—
North Wellness Drive LLC
—
Deed
related
$1,024,000 · Macatawa Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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