Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    549 18th St Holland, MI 49423-3962
    Back to Search
    Property profile & analytics

    549 18th St, Holland, MI 49423-3962

    View on Map
    • Medical Office Space
    • 1,533 SF
    • 0.13 lot acres
    Off-Market
    Last Sale May 10, 2023
    $160,000
    Property ID
    US43-1953474
    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

    • Whole Body Works / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 549 18th St

    Year built
    1959
    Lot size
    0.13 lot acres
    Zone code
    C-1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    70-16-31-104-009
    APU
    701631104009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 22, 2024 — Tbcs Properties LLC Christopher L Smith Quitclaim Deed · related —
    May 10, 2023 $130,000 Tasha Dingler Unconditional Holdings LLC Warranty Deed —
    May 10, 2023 $160,000 Christopher L Smith Tasha L Dingler Warranty Deed $221k · Macatawa Bank
    Jul 9, 2013 $58,000 Unconditional Holdings LLC Vanderzwaag Rentals LLC Warranty Deed —
    Sep 27, 2012 — Kathleen Dejonge Terryi Ignatoski Quit Claim Deed —

    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
    -86.1321
    Latitude
    42.7813
    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
    2022
    $3,733
    $0.00
    $0.00
    $88,200
    -
    $0.00
    $0.00
    $176,400

    Comparable in this City

    • Value Estimation by Request
      9,856 SF

      904 Washington Ave Ste, Unit 200

      MEDICAL BUILDING
      904 Washington Ave Ste, Holland, MI 49423-7724
      View Details
    • Value Estimation by Request
      9,833 SF

      926 Washington Ave Ste, Unit 100

      MEDICAL BUILDING
      926 Washington Ave Ste, Holland, MI 49423-7725
      View Details
    • Value Estimation by Request
      9,414 SF

      649 Hastings Ave

      MEDICAL BUILDING
      649 Hastings Ave, Holland, MI 49423-5427
      View Details
    • Value Estimation by Request
      5,890 SF

      720 Michigan Ave

      MEDICAL BUILDING
      720 Michigan Ave, Holland, MI 49423-6901
      View Details
    • Value Estimation by Request
      15,724 SF

      601 Michigan Ave

      MEDICAL BUILDING
      601 Michigan Ave, Holland, MI 49423-4951
      View Details
    • Value Estimation by Request
      1,218 SF

      444 Washington Ave

      MEDICAL BUILDING
      444 Washington Ave, Holland, MI 49423-4103
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Unit with Open Layout

      Finished office unit featuring flexible open space and city views.
      85 E 8Th St, Holland, MI 49423
      View Details
    • $2,706,750
      8,344 SF

      Holland Office Space For Sale

      Second floor office space with flexible layout and collaborative areas.
      85 E 8Th St, Holland, MI 49423
      View Details
    • $2,525,950
      8,343 SF

      Holland Office Space with Flexibility

      Adaptable office suites with potential for custom build-out.
      85 E 8Th St, Holland, MI 49423
      View Details
    • Contact for pricing
      53,804 SF

      Renovated Office Space For Rent

      Furnished office space with private offices and conference room.
      115 Clover St, Holland, MI 49423
      View Details
    • Contact for pricing
      Pending

      New Industrial Building Available Soon

      New industrial building with multiple suite options for lease or sale.
      80 W 64Th St, Holland, MI 49423
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Clover Commercial Office Center

      Three-story office building with flexible space and ample parking.
      115 Clover St, Holland, MI 49423
      View Details
    • $4 SF/Yr

      Freestanding Office Buildings with Parking

      Two renovated freestanding buildings with ample parking and C-2 zoning, offering flexible suite options for service and office uses.
      115 Clover St, Holland, MI 49423
      View Details
    • Contact for pricing

      Holland Office Space For Lease

      Office space for lease across from Holland Hospital.
      577 Michigan Ave, Holland, MI 49423
      View Details
    • $20 SF/Yr

      Office Space with City Views

      3,237 SF office space with kitchenette and conference room.
      85 E 8Th St, Holland, MI 49423
      View Details
    • $25 SF/Yr
      5,107 SF

      Finished Office Space in Holland

      5,107 SF office suite with flexible co-working space available.
      85 E 8Th St, Holland, MI 49423
      View Details
    • $8 SF/Yr
      24,947 SF

      Holland Commercial Space For Lease

      Mixed-use commercial space with office and warehouse areas available for lease.
      462 W 23Rd St, Holland, MI 49423
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    549 18th St
    Holland, MI 49423-3962
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    549 18th St, Holland, MI, 49423
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!