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    4945 128Th Ave Holland, MI 49424
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    4945 128Th Ave, Holland, MI 49424

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    • Commercial land
    For Sale
    $679,000
    View Listing →
    Vacant Land Near Commercial Area For Sale
    $679,000
    5.00 Acres

    Vacant Land Near Commercial Area

    Nearly five acres of vacant land suitable for commercial uses.

    4945 128th Ave, Holland, MI 49424
    View Listing
    Property ID
    US43-0775515
    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

    • Commercial land

    Property Details for 4945 128Th Ave

    Property type
    Commercial land
    Property subtype
    Farms

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 4, 2022 — Country Corners Farm LLC Arloa R Nienhuis Warranty Deed —
    Feb 26, 2018 — Ronald A Nienhuis Country Corners Farm LLC Quitclaim Deed · related —

    Description

    Northstar is pleased to present nearly five acres of vacant land next to Talsma Furniture and Crown Motors located on Olive Commerce Dr. There is an operating dairy farm on part of the property. This site allows for many different commercial uses including warehousing, retail / service business, and office type users.

    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
    -86.099625
    Latitude
    42.85949

    Comparable in this City

    • $99,900
      2.00 Acres

      Prime Commercial Land Opportunity

      Two-acre commercial site with high visibility and accessibility.
      N 120Th Ave, Holland, MI 49424
      View Details
    • Contact for pricing

      Vacant Land Near Commercial Hub

      Seven acres of vacant land suitable for commercial development.
      Olive Commerce Dr, Holland, MI 49424
      View Details
    • New
      $161,000
      Pending

      Prime Commercial Lot For Sale

      Commercial lot between Holland and Zeeland with high visibility.
      329 N 120Th Ave, Holland, MI 49424
      View Details
    • $180,000
      2.64 Acres

      Holland Township Land Opportunity

      2.64 acre commercial land in Holland Township.
      VL-0 120Th Ave, Holland, MI 49424
      View Details
    • New
      $450,000
      4.75 Acres

      Mixed-Use Master-Planned Development Land

      4.75 acres of vacant land with a master plan supporting mixed-use commercial and residential development options.
      120Th Ave, Holland, MI 49424
      View Details

    Similar Nearby for Sale

    • $99,900
      2.00 Acres

      Prime Commercial Land Opportunity

      Two-acre commercial site with high visibility and accessibility.
      N 120Th Ave, Holland, MI 49424
      View Details
    • Contact for pricing

      Vacant Land Near Commercial Hub

      Seven acres of vacant land suitable for commercial development.
      Olive Commerce Dr, Holland, MI 49424
      View Details
    • New
      $161,000
      Pending

      Prime Commercial Lot For Sale

      Commercial lot between Holland and Zeeland with high visibility.
      329 N 120Th Ave, Holland, MI 49424
      View Details
    • $180,000
      2.64 Acres

      Holland Township Land Opportunity

      2.64 acre commercial land in Holland Township.
      VL-0 120Th Ave, Holland, MI 49424
      View Details
    • New
      $450,000
      4.75 Acres

      Mixed-Use Master-Planned Development Land

      4.75 acres of vacant land with a master plan supporting mixed-use commercial and residential development options.
      120Th Ave, Holland, MI 49424
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr

      Commercial Land For Lease

      8,190 SF commercial land available for lease.
      2522 Van Ommen Dr, Holland, MI 49424
      View Details
    • Contact for pricing

      Retail Space in Riley Plaza

      Retail space for lease in a high-traffic retail corridor.
      12719 Riley St, Holland, MI 49424
      View Details
    • Contact for pricing

      Single Tenant Retail Space

      Retail space available for rent, 10,885 SqFt.
      11039 Watertower Ct, Holland, MI 49424
      View Details
    • $24 SF/Yr
      650 SF

      Office Space in Holland, MI

      650 sq ft office space available for lease.
      1627 W Lakewood Blvd, Holland, MI 49424
      View Details
    • $10 SF/Yr
      Pending

      Retail Building in High-Traffic Area

      6,500 SF retail building for lease in Holland, Michigan.
      675 E Lakewood Blvd, Holland, MI 49424
      View Details
    • $12 SF/Yr
      2,400 SF

      Holland Retail Space For Lease

      Commercial suites available in a newly remodeled Holland strip mall.
      840 Black River Dr, Holland, MI 49424
      View Details
    View Listing
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    Holland, MI 49424
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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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