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Property profile & analytics
OFF-MARKET
Office buildings
399 32nd St Ste 70 Holland, MI 49423-5518
Entity Owned
15-yr Hold
Free & Clear
Property ID
US43-2454512
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
2,400 SF
Lot
1.13 ac (49,005 SF)
Zoning code
PUD
APN
70-16-33-377-701
UPID
US43-2454512
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
-
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
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
Sound Wave Properties LLC · 15 yrs held
Sound Wave Properties LLC
since 2011
1 recorded transaction
Zoning & alternative use
PUD · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
669.58 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
$5,063
Tax year 2022
Assessed value
$108,100
Assessed 2023
Previous assessed
$110,900
-2.5% YoY
Effective rate
4.68%
On assessed value
Total market value
$216,200
Applied tax rate
65.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,400 SF
Lot
1.13 ac (49,005 SF)
Zoning code
PUD
APN
70-16-33-377-701
UPID
US43-2454512
Jurisdiction
OTTAWA
Zoning & alternative use
PUD · Holland, MIZoning PUD · permitted uses
PUD · Holland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
669.58 ac
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Sound Wave Properties LLC
Entity
Free & Clear · 15 yrs held
Mailing address
6165 BYU TRL, SAUGATUCK, MI 49453-9671
Ownership since
2011
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
Jul 27, 2011
$98,000
Sound Wave Properties LLC
South Group LLC
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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