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Property profile & analytics
OFF-MARKET
Estimated value
$25,925,000
Flex space
3601 John F Donnelly Dr Holland, MI 49424-9338
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-2360651
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Total area
290,255 SF
Lot
40.72 ac (1,773,589 SF)
Zoning code
I-2
APN
70-16-08-200-057
UPID
US43-2360651
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
-
Magna Engineered Glass South Division Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.93M
Owner & transaction history
Desert Leasing Jfd LLC · 3 yrs held
Desert Leasing Jfd LLC
since 2023
5 recorded transactions
Zoning & alternative use
I-2 · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$39.6M
+40.1%
Commercial (general)
$33.5M
+18.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$28,290,000
Current use
OFFICE BUILDING
$39,630,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$33,520,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,835,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$24,100,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$25.93M
Range $23.33M – $28.52M · ±10%
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
$89 / 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
$346,712
Tax year 2022
Assessed value
$11,485,800
Assessed 2023
Previous assessed
$7,421,400
+54.8% YoY
Effective rate
3.02%
On assessed value
Total market value
$22,971,600
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Heating
FORCED AIR
Buildings
7
Stories
1
Total area
290,255 SF
Lot
40.72 ac (1,773,589 SF)
Zoning code
I-2
APN
70-16-08-200-057
UPID
US43-2360651
Jurisdiction
OTTAWA
Zoning & alternative use
I-2 · Holland, MIZoning I-2 · permitted uses
I-2 · Holland, MI
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
INDUSTRIAL (GENERAL) Current
Est. value
$28.3M
OFFICE BUILDING
Est. value
$39.6M
COMMERCIAL (GENERAL)
Est. value
$33.5M
AUTO REPAIR, GARAGE
Est. value
$24.8M
WAREHOUSE, STORAGE
Est. value
$24.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
Heating
FORCED AIR
Stories
1
Buildings
7
Lot
40.72 ac
Current owner
From public records · entity-resolved
Desert Leasing Jfd LLC
Entity
Mailing address
5005 40TH AVE NE STE #100, HUDSONVILLE, MI 49426-9481
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
—
Desert Leasing Jfd LLC
3601 John F Donnelly LLC
Warranty Deed
$26,982,408 · Desert Leasing LLC
Dec 9, 2019
—
3601 John F Donnelly LLC
Granite Reit America INC
Deed
$4,198,000 · Comerica Bank
Apr 1, 2019
—
Granite Reit America INC
Granite Michigan 3601 LP
Quit Claim Deed
related
—
Sep 14, 2015
—
Granite Michigan 3601 Limited Partn
Granite Reit America INC
Warranty Deed
—
Jan 3, 2008
—
Holland Charter Township
Mi Developments America INC
Other
—
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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