Realmo Analytics

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Property profile

510 E 16Th St Holland, MI 49423

FOR LEASE
Flex space
Property ID
US43-5283862
98,783 SF 7 ac lot Built 1948
Last sale Sep 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 20,800-square-foot industrial warehouse built in 1948, constructed with concrete block and brick and topped with a concrete roof deck. The space features 16-foot ceiling height and a 21-foot by 30-foot bay spacing layout, with 4 dock-height doors plus a large drive-through door for vehicle loading and circulation. The facility includes heavy electrical power, fire sprinkling, and interior ADA-compliant bathrooms. Renovation and systems updates include LED lighting, heating, and interior…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$27k
Tax billed · 2022
Assessed value · 2023$784k
Effective rate3.42%

Value estimate

· Oct 2026
$3.88M
$3.49M – $4.27M
NOI build-up
Gross scheduled income$449k
Vacancy & credit loss−$11k
Operating expenses−$132k
NOI · 10,231,600.00% cap applied$307k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$97/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$64 – $133

Cap rate analysis

How does the asset earn?
10,231,600.00%
$307k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I-1
JurisdictionOTTAWA

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office17.6
Building Supply16.6
Restaurant14.6

Location

510 E 16Th St Holland, MI 49423
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
545 32nd, Holland, MI 49423-5411 $21,052,138 Jan 2022 118,137 SF
5794 143rd, Holland, MI 49423-8746 $225,000 Sep 2019 7,560 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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