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Property profile & analytics
OFF-MARKET
Office buildings
610 Butternut Dr Holland, MI 49424-1594
Entity Owned
~
Est. High Equity
Property ID
US43-2474266
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
3,155 SF
Lot
0.54 ac (23,566 SF)
Zoning code
SEE MAP
APN
70-16-18-400-043
UPID
US43-2474266
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Shields Bryan w DDS Dental Office
-
Center For Criminal Law Law Firm
-
Lake Michigan Construction & Roofing Roofing Company General Contractor
-
JC Walker Construction General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vvj LLC
Vvj LLC
since 2025
7 recorded transactions
Zoning & alternative use
SEE MAP · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Holland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,748
Tax year 2022
Assessed value
$93,600
Assessed 2023
Previous assessed
$93,500
+0.1% YoY
Effective rate
4.00%
On assessed value
Total market value
$187,200
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
3,155 SF
Lot
0.54 ac (23,566 SF)
Zoning code
SEE MAP
APN
70-16-18-400-043
UPID
US43-2474266
Jurisdiction
OTTAWA
Zoning & alternative use
SEE MAP · Holland, MI
Zoning SEE MAP · permitted uses
SEE MAP · Holland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Vvj LLC
Entity
Mailing address
302 ARTHUR AVE, HOLLAND, MI 49424-1921
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
$50,000
Vvj LLC
Rs & Tj LLC
Warranty Deed
—
May 9, 2023
—
Rs & Tj LLC
Russel J Shilander
Warranty Deed
—
Apr 11, 2023
$32,000
Russ Shilander
Real Estate Exchange Of Holland INC
Warranty Deed
—
Mar 1, 2023
—
Noyola Properties LLC
Heitman Properties LLC
Warranty Deed
—
Sep 8, 2015
—
Heitman Properties LLC
Eric Heitman
Quit Claim Deed
related
—
Dec 6, 2013
$120,000
Eric Heitman
John R Moritz
Warranty Deed
—
Nov 27, 2007
—
S Holmes LLC
John R Moritz
Quit Claim Deed
related
—
Feb 13, 2006
—
S Holmes LLC
Moritz & Verde P C
Quit Claim Deed
—
Feb 13, 2006
$200,000
S Holmes LLC
Minard J Devries
Warranty Deed
$176,000 · Comerica Bank
May 5, 2005
—
Macatawa Bank
Devries Minard
Land Contract
—
Mar 21, 2005
—
Minard J Devries
Lois Mary Devries
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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