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Property profile & analytics
OFF-MARKET
Medical Office Space
3290 Wellness Dr Holland, MI 49424-7259
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-1974727
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
36,924 SF
Lot
4 ac (174,240 SF)
Zoning code
OS
APN
70-16-09-400-034
UPID
US43-1974727
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
-
Buurma Brian DDS MS (Board Certified) Dental Office
-
Ob-Gyn Associates-Holland PC: Krause Kiersten A DO Physician
-
William Houskamp Physician
-
Mc Ginn Virginia R Physician
-
Dr. Patricia F. Persenaire, DO Alternative Medicine Practice 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
Pmak Holland LLC · 6 yrs held
Pmak Holland LLC
since 2019
6 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
$92,857
Tax year 2022
Assessed value
$2,813,000
Assessed 2023
Previous assessed
$2,712,100
+3.7% YoY
Effective rate
3.30%
On assessed value
Total market value
$5,626,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
FORCED AIR
Buildings
3
Stories
2
Total area
36,924 SF
Lot
4 ac (174,240 SF)
Zoning code
OS
APN
70-16-09-400-034
UPID
US43-1974727
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
2
Buildings
3
Lot
4 ac
Current owner
From public records · entity-resolved
Pmak Holland LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
—
Pmak Holland LLC
Holland I Medical Properties LLC
Deed
$594,376,000 · Capital One NA
Jul 11, 2018
—
Holland I Medical Properties LLC
—
Deed
related
$107,000,000 · Capital One Bank NA
Jan 19, 2015
—
Holland I Medical Properties LLC
Holland Mob LLC
Deed
$13,400,000 · General Electric Capital Corp
Apr 12, 2013
—
Holland Mob LLC
Wells Fargo Bank NA
Deed
—
Mar 6, 2012
$11,650,000
Wells Fargo Ank NA
Lakeshore Campus LLC
Sheriffs Deed
related
—
Jan 18, 2006
—
Lakeshore Campus Dl LLC
David W Lowry Trust
Warranty Deed
$19,360,000 · Column Financial INC
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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