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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Retail space
693 Lakewood Blvd, Holland, MI 49424-2062
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2114887
Property summary
AI-generated overview
This exceptional 8,150-square-foot retail storefront at 693 E Lakewood Blvd, Holland, MI 49424, presents a compelling investment opportunity. Boasting a 5.46% cap rate and a strong $43,650 net operating income (NOI), this property offers significant return potential. Currently 100% occupied by a national tenant, CareLinc Medical Equipment, with a new 5-year lease upon sale, ensuring stable income. Situated on a 0.96-acre lot, the building features a flexible layout ideal for various users requiring both showroom and warehouse space. Its prime location, just east of US-31 and north of Business I-196/Chicago Drive, provides excellent visibility and accessibility. The asking price is $800,000, translating to $98.16 per square foot. This property is a rare find, combining strong tenancy, a desirable location, and a high return on investment. Don't miss this chance to acquire a stable and profitable commercial asset in a thriving Michigan market.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
8,150 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C-2
APN
70-16-21-290-009
UPID
US43-2114887
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
-
CareLinc Medical Equipment & Supply Orthotics & Prosthetics Service Oxygen Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Dato Properties LLC · 1 yrs held
Dato Properties LLC
since 2024
Last sale
$655,000
3 recorded transactions
Zoning & alternative use
C-2 · 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
$655,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $655k (Sep 20 2024)
Last sale anchor
$655k
Sep 20 2024
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
$80 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,438
Tax year 2023
Assessed value
$324,600
Assessed 2024
Previous assessed
$324,600
+0.0% YoY
Effective rate
4.14%
On assessed value
Total market value
$649,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
8,150 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C-2
APN
70-16-21-290-009
UPID
US43-2114887
Jurisdiction
OTTAWA
Zoning & alternative use
C-2 · Holland, MI
Zoning C-2 · permitted uses
C-2 · 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
Year built
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Dato Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
18317 N SHR ESTS RD, SPRING LAKE, MI 49456-9424
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2024
$655,000
Dato Properties LLC
John E Hartman
Warranty Deed
—
Jul 25, 2011
—
Dato Properties LLC
The Carlene Hartman Declaration Of
Land Contract
—
May 5, 2011
—
David & Grace Properties LLC
Carlene Hartman Declaration Of Trus
Quit Claim Deed
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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