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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    55 16th St Holland, MI 49423-3322

    • Day care centers
    • 10,816 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2452350
    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.

    Current Use by Public Records

    • Day Center of Evergreen / Adult Day Care Center
    • Live Grasshopper Store / Reptile Store

    Property Details for 55 16th St

    Year built
    1900
    Lot size
    0.31 lot acres
    Property size
    10,816 SF
    Zone code
    PUD
    Property type
    Day care centers
    APN
    70-16-29-384-702
    APU
    701629384702

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.1097
    Latitude
    42.7834
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11,816 SF

      623 Waverly Rd

      DAY CARE, PRE-SCHOOL • 11,816 SF
      623 Waverly Rd, Holland, MI 49423-9121
      View Details
    • Value Estimation by Request
      9,112 SF

      500 Century Ln

      DAY CARE, PRE-SCHOOL • 9,112 SF
      500 Century Ln, Holland, MI 49423-4287
      View Details
    • Value Estimation by Request
      15,469 SF

      315 16th St

      FUNERAL HOME • 15,469 SF
      315 16th St, Holland, MI 49423-4213
      View Details
    • Value Estimation by Request
      9,209 SF

      201 39th St

      CHARITABLE ORGANIZATION • 9,209 SF
      201 39th St, Holland, MI 49423-7015
      View Details
    • Value Estimation by Request
      9,852 SF

      514 Lincoln Ave

      CHARITABLE ORGANIZATION • 9,852 SF
      514 Lincoln Ave, Holland, MI 49423-4249
      View Details
    • Value Estimation by Request
      1,665 SF

      632 16Th St

      Individual retail properties • 1,665 SF
      632 16Th St, Holland, MI 49423
      View Details

    Similar Nearby for Sale

    • $1,538,460
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    • $2,044,615
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      Grand Rapids MSA Take 5

      High-yield auto service center investment.
      632 16Th St, Holland, MI 49423
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    • $1,105,920
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      Holland Industrial Storage Condos

      Brand new, 3-unit storage complex near Lake Macatawa.
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      Holland Industrial Condo - $393,600

      Brand new storage condo near Lake Macatawa.
      467 Ottawa Ave, Holland, MI 49423
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    • $210,000

      Updated Condo with Private Garage

      Updated condo near town with modern amenities and private garage.
      300 Farington Blvd, Holland, MI 49423
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    • $2,706,750
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      Holland Office Space For Sale

      Second floor office space with flexible layout and collaborative areas.
      85 250, Holland, MI 49423
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    Similar Nearby for Lease

    • $11 SF/Yr
      7,326 SF

      Prime Retail Space, Washington Ave.

      Restaurant/Retail Opportunity - High Traffic Location
      1012 Washington Ave, Holland, MI 49423
      View Details
    • $14 SF/Yr
      7,835 SF

      Holland Office/Medical Campus For Rent

      Office and medical suites available in Holland, Michigan.
      854 Washington Ave, Holland, MI 49423
      View Details
    • $7 SF/Yr
      26,000 SF

      Remodeled Office Building For Lease

      84,600 SF office building suitable for various uses.
      700 South Waverly Rd, Holland, MI 49423
      View Details
    • $7 SF/Yr
      11,188 SF

      Truck Repair and Service Facility

      Well-maintained truck repair facility with access to major routes.
      931 Interchange Dr, Holland, MI 49423
      View Details
    • $3 SF/Yr
      76,225 SF

      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland, suitable for various uses.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $24 SF/Yr
      1,285 SF

      Retail Space in Holland, MI

      Retail space for lease in prime Holland location.
      717 E 24Th St, Holland, MI 49423
      View Details
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    55 16th St
    Holland, MI 49423-3322
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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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