Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    70 48th St Holland, MI 49423-9308
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    70 48th St Holland, MI 49423-9308

    View on Map
    • Flex space
    • 146,357 SF
    • 20.04 lot acres
    Off-Market
    Property ID
    US43-0004409
    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.
    Value Estimations
    $13,020,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clarios / Industrial Manufacturer
    • Natron Energy / Industrial Manufacturer

    Property Details for 70 48th St

    Lot size
    20.04 lot acres
    Property size
    146,357 SF
    Zone code
    I-2
    Property type
    Flex space
    APN
    03-02-08-100-018
    APU
    30208100018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $14,265,000
      Current use
      OFFICE BUILDING
      $19,980,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $19,020,000
      Change: +33% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $12,520,000
      Change: -12% Conversion: Easy
      WAREHOUSE, STORAGE
      $12,150,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.1084
    Latitude
    42.7544
    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
    2023
    $0.00
    $0.00
    $0.00
    $5,951,900
    -
    $0.00
    $0.00
    $11,903,800

    Comparable in this City

    • Value Estimation by Request
      6.36 Acres

      430 18th St

      LIGHT INDUSTRIAL • 6.36 Acres
      430 18th St, Holland, MI 49423-3904
      View Details
    • Value Estimation by Request
      6,175 SF

      1900 Lamar Ct

      LIGHT INDUSTRIAL • 6,175 SF
      1900 Lamar Ct, Holland, MI 49423-8750
      View Details
    • Value Estimation
      $875,000
      13,759 SF

      1271 Lincoln Ave

      LIGHT INDUSTRIAL • 13,759 SF
      1271 Lincoln Ave, Holland, MI 49423-9355
      View Details
    • Value Estimation
      $2,090,000
      45,000 SF

      342 40th St

      LIGHT INDUSTRIAL • 45,000 SF
      342 40th St, Holland, MI 49423-5345
      View Details
    • Value Estimation
      $6,590,000
      81,500 SF

      935 40th St

      LIGHT INDUSTRIAL • 81,500 SF
      935 40th St, Holland, MI 49423-5384
      View Details
    • Value Estimation
      $7,145,000
      170,334 SF

      636 40th St

      LIGHT INDUSTRIAL • 170,334 SF
      636 40th St, Holland, MI 49423-5343
      View Details

    Similar Nearby for Sale

    • $329,900

      Southside Holland Commercial Building For Sale

      Commercial duplex condominium building with office and warehouse space.
      38 Veterans Dr, Holland, MI 49423
      View Details
    • $675,000
      Pending

      Holland Industrial Building Suites Available

      New industrial suites for sale or lease in Holland, MI.
      80 W 64Th St, Holland, MI 49423
      View Details
    • Contact for pricing
      3,000 SF

      Functional Flex Space Unit

      3,000 SF flex unit with office and warehouse space.
      4269 Lincoln Rd, Holland, MI 49423
      View Details
    • $195,900
      Pending

      Versatile Commercial Space in Holland

      4,800 SF commercial space with flexible zoning and customization options.
      148 E 32Nd St, Holland, MI 49423
      View Details
    • $329,900

      Southside Holland Commercial Building For Sale

      Commercial duplex condominium building with office and warehouse space.
      38 Veterans Dr, Holland, MI 49423
      View Details
    • $329,900
      2,750 SF

      Holland Commercial Building For Sale

      Commercial duplex with office and warehouse space available for sale.
      38 Veterans Dr, Holland, MI 49423
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Holland Industrial Condos For Lease

      New industrial condos available in Holland's Runway Industrial Park.
      72 W 64Th St, Holland, MI 49423
      View Details
    • $7 SF/Yr
      9,636 SF

      Holland Industrial Condos For Lease

      New industrial condos available at Runway Industrial Park in Holland.
      72 W 64Th St, Holland, MI 49423
      View Details
    • $5 SF/Yr
      Pending

      New Industrial Building in Holland

      Industrial suites available for lease or sale in Holland, MI.
      80 W 64 Ave, Holland, MI 49423
      View Details
    • $6 SF/Yr
      19,272 SF

      Holland Industrial Condos For Rent

      New industrial condos available in Holland with convenient access.
      72 W 64Th St, Holland, MI 49423
      View Details
    • $8 SF/Yr

      Versatile Commercial Space in Holland

      Flexible commercial property with showroom, service facility, and warehouse.
      343 E 8Th St, Holland, MI 49423
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    70 48th St
    Holland, MI 49423-9308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!