Financial
Distress signals
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). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 20,800 SF industrial warehouse is built with a combination of concrete block and brick construction and features a concrete roof deck, 16' ceiling height, and 21' x 30' bay spacing. The loading and access infrastructure includes four dock-height doors and a large drive-through door, along with heavy power and a sprinkler system. Interior and systems updates include LED lighting, ADA-accessible bathrooms, heating, and interior paint. The property is located on Holland’s south side, just

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

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

Value estimate

· Sep 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 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

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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