New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Amusement parks
651 Chicago Dr Holland, MI 49423-3001
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-2047238
Property profile
Verified
Property type
Amusement parks
Use group
ARCADES (AMUSEMENT)
Total area
11,304 SF
Lot
22.59 ac (984,064 SF)
Zoning code
SEE MAP
APN
70-16-21-476-013
UPID
US43-2047238
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
-
Craig's Cruisers Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.67M
Owner & transaction history
Cruiser Opco LLC · 3 yrs held
Cruiser Opco LLC
since 2022
Last sale
$3.7M
5 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
Method
Estimation
Statistic approach
$4,640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±10% · vs last sale $3.67M (Nov 15 2022)
Last sale anchor
$3.67M
Nov 15 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$324 / SF
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
$24,819
Tax year 2022
Assessed value
$1,121,800
Assessed 2023
Previous assessed
$1,121,800
+0.0% YoY
Effective rate
2.21%
On assessed value
Total market value
$2,243,600
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
Amusement parks
Use group
ARCADES (AMUSEMENT)
Status
Off-Market
Heating
FORCED AIR
Buildings
5
Stories
1
Total area
11,304 SF
Lot
22.59 ac (984,064 SF)
Zoning code
SEE MAP
APN
70-16-21-476-013
UPID
US43-2047238
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
5
Lot
22.59 ac
Current owner
From public records · entity-resolved
Cruiser Opco LLC
Entity
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
—
Cruiser Opco LLC
—
Deed
related
—
Nov 15, 2022
—
Cruiser Opco LLC
Store Master Funding Xxix LLC
Lease
—
Nov 15, 2022
$3,665,000
Store Master Fundings Funding Xxix
Cruiser Propco LLC
Foreclosure
related
$10,000 · Citibank
Nov 14, 2022
—
Cruiser Propco LLC
Cruiser Properties LLC
Deed
—
Jan 11, 2017
—
Cruiser Properties Holland LLC
—
Deed
related
$3,000,000 · The Huntington National Bank
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.
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