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

    6104 142Nd Ave Holland, MI 49423

    • Commercial real estate
    • 40.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2408601
    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

    • Commercial real estate

    Property Details for 6104 142Nd Ave

    Lot size
    40.00 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional opportunity to own 40 acres of prime residential land in Holland, Michigan, located at 6104 142nd Ave, Allegan County, zip code 49423. This expansive property presents a unique chance for development or a private nature retreat. The land is divided into seven potential building lots, all with completed perc tests, making it ideal for custom home construction. A fully remodeled house is included, adding immediate value and potential rental income. Priced competitively per acre, this is one of the last large parcels available in the area, situated off a major road for convenient access while maintaining a peaceful, secluded atmosphere. The property boasts abundant wildlife, including deer, turkey, rabbits, and bald eagles, and features a picturesque year-round stream complete with a waterfall. Gas and internet services are readily available at the street. While the seven lot splits are subject to final survey, preliminary drawings are available. This is a rare opportunity to acquire a substantial piece of land with significant potential. Asking price is $1,700,000.

    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
    Allegan
    State
    Michigan
    Longitude
    -86.1462668
    Latitude
    42.7250729

    Comparable in this City

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      Prime Holland Land - 1.35 Acres

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      608 Waverly Rd, Holland, MI 49423
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    • $230,000
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      Holland City Condo with Patio

      Two-bedroom, one-bath condo in Holland City with patio.
      94 Old Mill Dr, Holland, MI 49423
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    • $415,000
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      Income-Producing Duplex with Heated Outbuilding

      Holland duplex with rental certificates and additional heated outbuilding.
      297-301 W 23Rd St, Holland, MI 49423
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    • $230,000
      1,056 SF

      Holland City Condo For Sale

      Condo with 2 bedrooms and patio in Holland City.
      94 Old Mill Dr, Holland, MI 49423
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    • New
      $599,900
      Pending

      Holland Fourplex Investment Opportunity

      Fourplex with rental history, close to downtown Holland and Zeeland.
      1144 Country Ln, 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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    Similar Nearby for Sale

    • $195,000
      1.35 Acres

      Prime Holland Land - 1.35 Acres

      Highly visible commercial/residential land, excellent location.
      608 Waverly Rd, Holland, MI 49423
      View Details
    • $230,000
      997 SF

      Holland City Condo with Patio

      Two-bedroom, one-bath condo in Holland City with patio.
      94 Old Mill Dr, Holland, MI 49423
      View Details
    • $415,000
      Pending

      Income-Producing Duplex with Heated Outbuilding

      Holland duplex with rental certificates and additional heated outbuilding.
      297-301 W 23Rd St, Holland, MI 49423
      View Details
    • $230,000
      1,056 SF

      Holland City Condo For Sale

      Condo with 2 bedrooms and patio in Holland City.
      94 Old Mill Dr, Holland, MI 49423
      View Details
    • New
      $599,900
      Pending

      Holland Fourplex Investment Opportunity

      Fourplex with rental history, close to downtown Holland and Zeeland.
      1144 Country Ln, Holland, MI 49423
      View Details
    • $210,000

      Updated Condo with Private Garage

      Updated condo near town with modern amenities and private garage.
      300 Farington Blvd, Holland, MI 49423
      View Details

    Similar Nearby for Lease

    • $5,900,000
      8,700 SF

      Renovated Office Space For Rent

      Furnished office space with private offices and conference room.
      115 Clover St, Holland, MI 49423
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    • $15 SF/Yr
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      Office Suite on Century Lane

      Office suite for lease in Holland, convenient location, 1220 SF.
      499 Century Ln, Holland, MI 49423
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    • New
      $26 SF/Yr
      Pending

      Downtown Holland Class A Office

      Class A office space in downtown Holland with parking.
      151 Central Ave, Holland, MI 49423
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    • $16 SF/Yr

      Retail Space in New Strip

      End unit retail space in Holland's Southside, 1104 SF.
      667 Hastings Ave, Holland, MI 49423
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    • New
      $23 SF/Yr
      8,344 SF

      Holland Office Space For Rent

      8,344 SF office space with flexible co-working areas available.
      85 250, Holland, MI 49423
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    • New
      $21 SF/Yr
      8,343 SF

      Holland Office Space For Rent

      Office space available in Holland, featuring flexible co-working areas.
      85 230, Holland, MI 49423
      View Details
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    6104 142Nd Ave
    Holland, MI 49423
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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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