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    494 64th St Holland, MI 49423-9324
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    494 64th St Holland, MI 49423-9324

    View on Map
    • Manufacturing properties
    • 77,692 SF
    • 6.22 lot acres
    Off-Market
    Property ID
    US43-4942819
    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
    $5,315,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • STM Manufacturing Inc. / Building Supply / Metal Fabrication Plant

    Property Details for 494 64th St

    Lot size
    6.22 lot acres
    Property size
    77,692 SF
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    03-02-16-200-004
    APU
    30216200004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $7,570,000
      Current use
      AUTO REPAIR, GARAGE
      $6,645,000
      Change: -12% Conversion: Easy
      WAREHOUSE, STORAGE
      $6,450,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.0841
    Latitude
    42.739
    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
    2023
    $0.00
    $0.00
    $0.00
    $2,415,900
    -
    $0.00
    $0.00
    $4,831,800

    Comparable in this City

    • Value Estimation
      $14,415,000
      239,465 SF

      648 Pt Rdg

      MANUFACTURING (LIGHT) • 239,465 SF
      648 Pt Rdg, Holland, MI 49423-9418
      View Details
    • Value Estimation
      $5,290,000
      108,282 SF

      1455 Lincoln Ave

      MANUFACTURING (LIGHT) • 108,282 SF
      1455 Lincoln Ave, Holland, MI 49423-9389
      View Details
    • Value Estimation
      $4,690,000
      111,136 SF

      300 40th St

      MANUFACTURING (LIGHT) • 111,136 SF
      300 40th St, Holland, MI 49423-5345
      View Details
    • Value Estimation
      $535,000
      8,940 SF

      4665 44th St

      MANUFACTURING (LIGHT) • 8,940 SF
      4665 44th St, Holland, MI 49423-9031
      View Details
    • Value Estimation
      $6,680,000
      123,370 SF

      300 48th St

      MANUFACTURING (LIGHT) • 123,370 SF
      300 48th St, Holland, MI 49423-5301
      View Details
    • Value Estimation
      $3,300,000
      48,200 SF

      1347 Washington Ave

      MANUFACTURING (LIGHT) • 48,200 SF
      1347 Washington Ave, Holland, MI 49423
      View Details

    Similar Nearby for Sale

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      Holland Manufacturing/Distribution Facility For Sale

      148,369 SF facility ideal for manufacturing, distribution, or R&D.
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    • $2,950,000
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      Holland Industrial Property For Sale

      100,000 SF industrial property on 7.3 acres in Holland.
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    • $4,800,000
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      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland with multiple loading docks.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $995,000
      12,000 SF

      Holland Industrial Land - Redevelopment Opportunity

      Prime 2.05-acre site, high traffic location.
      937 Washington St, Holland, MI 49423
      View Details
    • $1,150,220
      5,760 SF

      Holland Industrial Condos: Prime Location

      New Industrial Condos, Lake Macatawa Access
      467 Ottawa Ave, Holland, MI 49423
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      24,990 SF

      Holland Manufacturing and Warehouse Space

      Manufacturing and warehouse space with office, loading docks, and parking.
      455 E 64Th St, Holland, MI 49423
      View Details
    • Contact for pricing

      Holland Industrial Condos For Lease

      New industrial condos available in Holland's Runway Industrial Park.
      72 W 64Th St, Holland, MI 49423
      View Details
    • $7 SF/Yr
      9,636 SF

      Holland Industrial Condos For Lease

      New industrial condos available at Runway Industrial Park in Holland.
      72 W 64Th St, Holland, MI 49423
      View Details
    • $4 SF/Yr
      20,800 SF

      Industrial Space For Lease

      20,800 SF industrial space available in Holland, Michigan.
      510 E 16Th St, Holland, MI 49423
      View Details
    • $5 SF/Yr
      Pending

      Holland Industrial Building - New Construction

      New industrial building with multiple suite options available for lease.
      80 W 64 Ave, Holland, MI 49423
      View Details
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    494 64th St
    Holland, MI 49423-9324
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    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
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