Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    399 32nd St Ste, Unit 10 Holland, MI 49423-5518
    Back to Search
    Property profile & analytics

    399 32nd St Ste, Unit 10, Holland, MI 49423-5518

    View on Map
    • Medical Office Space
    • 2,270 SF
    • 1.13 lot acres
    Off-Market
    Property ID
    US43-2313946
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pressing Matters Quilt Shoppe / (Bike/Boat/Book/etc) Store / Home Decor Store
    • Mark D. Berard, DDS / Dental Office
    • Holland Doctors of Audiology / Physician
    • O'Malley Chiropractic / Alternative Medicine Practice
    • Dr. Stylianos Dokianakis / Physician

    Property Details for 399 32nd St Ste

    Year built
    2006
    Lot size
    1.13 lot acres
    Zone code
    PUD
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    70-16-33-377-704
    APU
    701633377704

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 14, 2013 — Berard Properties LLC West Michigan Gateway Properties Ll Deed $113k · Grand River Bank
    Apr 5, 2013 — West Michigan Getaway Properties Ll The Bank Of Holland Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.0893
    Latitude
    42.7691
    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
    $8,360
    $0.00
    $0.00
    $176,200
    -
    $0.00
    $0.00
    $352,400

    Comparable in this City

    • Value Estimation by Request
      9,856 SF

      904 Washington Ave Ste, Unit 200

      MEDICAL BUILDING
      904 Washington Ave Ste, Holland, MI 49423-7724
      View Details
    • Value Estimation
      $1,060,000
      8,704 SF

      926 Washington Ave

      DENTAL BUILDING
      926 Washington Ave, Holland, MI 49423-7725
      View Details
    • Value Estimation
      $630,000
      5,198 SF

      948 Washington Ave

      DENTAL BUILDING
      948 Washington Ave, Holland, MI 49423-5205
      View Details
    • Value Estimation by Request
      9,414 SF

      649 Hastings Ave

      MEDICAL BUILDING
      649 Hastings Ave, Holland, MI 49423-5427
      View Details
    • Value Estimation by Request
      9,833 SF

      926 Washington Ave Ste, Unit 100

      MEDICAL BUILDING
      926 Washington Ave Ste, Holland, MI 49423-7725
      View Details
    • Value Estimation by Request
      3,774 SF

      844 Washington Ave Ste, Unit 400

      DENTAL BUILDING
      844 Washington Ave Ste, Holland, MI 49423-7137
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Functional Flex Space Unit

      3,000 SF flex unit with office and warehouse space.
      4269 Lincoln Rd, Holland, MI 49423
      View Details
    • Contact for pricing

      Unfinished Office Suite with Natural Light

      Unfinished 3,236 SF office suite with customizable floor plan.
      85 E 8Th St, Holland, MI 49423
      View Details
    • Contact for pricing
      Pending

      Versatile Commercial Space in Holland

      4,800 SF commercial space with flexible zoning and customization options.
      148 E 32Nd St, Holland, MI 49423
      View Details
    • Contact for pricing

      Versatile Office Space in Holland

      Adaptable office suites with co-working potential in Holland, MI.
      85 230, Holland, MI 49423
      View Details
    • $825,705
      3,236 SF

      Unfinished Office Space in Holland

      3,236 SF unfinished office space with customization potential.
      85 E 8Th St, Holland, MI 49423
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Holland Office Space For Lease

      Office space for lease across from Holland Hospital.
      577 Michigan Ave, Holland, MI 49423
      View Details
    • $4 SF/Yr

      Freestanding Office Buildings with Parking

      Two renovated freestanding buildings with ample parking and C-2 zoning, offering flexible suite options for service and office uses.
      115 Clover St, Holland, MI 49423
      View Details
    • Contact for pricing

      Clover Commercial Office Center

      Three-story office building with flexible space and ample parking.
      115 Clover St, Holland, MI 49423
      View Details
    • $20 SF/Yr

      Renovated Commercial Space For Lease

      Professionally renovated commercial space with modern finishes and excellent accessibility.
      983 Lincoln Ave, Holland, MI 49423
      View Details
    • $28 SF/Yr
      5,250 SF

      Downtown Holland Office Space Available

      Three-story office building with multiple lease options in Holland, MI.
      171 College Ave, Holland, MI 49423
      View Details
    • $17 SF/Yr
      6,641 SF

      Holland Office Space For Rent

      High-profile office building with suites available for lease.
      601 Michigan Ave, Holland, MI 49423
      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.
    399 32nd St Ste, Unit 10
    Holland, MI 49423-5518
    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

    Thank You for Inquiry
    399 32nd St Ste, Holland, MI, 49423
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!