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Property profile & analytics
OFF-MARKET
Estimated value
$11,075,000
Flex space
770 Interchange Dr Holland, MI 49423
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4935183
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Total area
281,775 SF
Lot
12.43 ac (541,451 SF)
Zoning code
I
APN
53-02-15-100-026
UPID
US43-4935183
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.08M
Owner & transaction history
770 Interchange Property LLC · 2 yrs held
770 Interchange Property LLC
since 2023
2 recorded transactions
Zoning & alternative use
I · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I Industrial • Hope Neighborhood Overlay District A Airport • Waterfront Overlay District OS Open Space PUD Planned Unit Development Residential zone districts. When UDO uses the term "residential zone districts ," that means the LDR, CNR, MDR, TNR, HDR, and MHR Zone Districts collectively. The maps in Sections 39-2.05 through 39-2.18 are illustrative only.…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
3,098.30 ac
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
$39 / 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
Assessed value
$1,015,049
Assessed 2024
Previous assessed
$564,500
+79.8% YoY
Total market value
$2,030,098
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
281,775 SF
Lot
12.43 ac (541,451 SF)
Zoning code
I
APN
53-02-15-100-026
UPID
US43-4935183
Jurisdiction
ALLEGAN
Zoning & alternative use
I · Holland, MIZoning I · permitted uses
I · Holland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I Industrial • Hope Neighborhood Overlay District A Airport • Waterfront Overlay District OS Open Space PUD Planned Unit Development Residential zone districts. When UDO uses the term "residential zone districts ," that means the LDR, CNR, MDR, TNR, HDR, and MHR Zone Districts collectively. The maps in Sections 39-2.05 through 39-2.18 are illustrative only. The regulatory Zoning Map is located in Section 39-1.05 .
Zone name
Industrial
General category
INDUSTRIAL
Zone area
3,098.30 ac
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
12.43 ac
Current owner
From public records · entity-resolved
770 Interchange Property LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5500 CASCADE RD SE STE #200, GRAND RAPIDS, MI 49546-9059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
—
770 Interchange Property LLC
Sbh Prairie Creek LLC
Warranty Deed
—
Jul 22, 2020
—
Sbd Prairie Creek LLC
S J & R Land Development LLC
Warranty Deed
—
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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