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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Office buildings
466 16th St Holland, MI 49423-3742
Entity Owned
~
Est. High Equity
Property ID
US43-2355344
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
7,208 SF
Lot
1.05 ac (45,825 SF)
Zoning code
C-2
APN
70-16-33-200-072
UPID
US43-2355344
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
-
Jim & Bernie Team Real Estate Agency
-
Coldwell Banker Woodland Schmidt Real Estate Agency
-
Holland Homes Real Estate Agency
-
Andrea Crossman Group: Luxury and Lakefront Homes Realtors Real Estate Agency
-
Steve Merkle Real Estate Team - Coldwell Banker Woodland Schmidt Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.34M
Owner & transaction history
Msks LLC
Msks LLC
since 2025
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
C-2 · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+43.2%
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
$1,590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,410,000
6.5%
$1,305,000
7%
$1,210,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$985,000
Current use
RETAIL STORES
$1,410,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$935,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.30M (Dec 28 2023)
Last sale anchor
$1.30M
Dec 28 2023
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
$185 / 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
$25,838
Tax year 2022
Assessed value
$595,300
Assessed 2023
Previous assessed
$595,300
+0.0% YoY
Effective rate
4.34%
On assessed value
Total market value
$1,190,600
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
1986
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
7,208 SF
Lot
1.05 ac (45,825 SF)
Zoning code
C-2
APN
70-16-33-200-072
UPID
US43-2355344
Jurisdiction
OTTAWA
Zoning & alternative use
C-2 · Holland, MI
Zoning C-2 · permitted uses
C-2 · Holland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$985,000
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$935,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
Year built
1986
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Msks LLC
Entity
Mailing address
402 E FRNT ST, TRAVERSE CITY, MI 49686-2614
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
—
Msks LLC
Woodland Investors I LLC
Warranty Deed
—
Dec 28, 2023
$1,300,000
Msks LLC
Woodland Investors I LLC
Warranty Deed
$4,000,000 · Independent Bank
Sep 13, 2012
—
Msks LLC
Woodland Investors I LLC
Land Contract
—
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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