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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Automotive properties
822 Chicago Dr, Holland, MI 49423-3006
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1594164
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Total area
28,627 SF
Lot
3.97 ac (172,933 SF)
Zoning code
CMU
APN
70-16-22-380-019
UPID
US43-1594164
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
-
Zeigler GMC of Holland Car Dealership
-
Elhart Genesis Car Dealership
-
Zeigler of Holland Car Dealership
-
Genesis of Holland Car Dealership
-
CHANGING YOUR CAR BUYING EXPERIENCE (CJ@ELHART) Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$2.97M
Owner & transaction history
Ajz Holland I LLC · 2 yrs held
Ajz Holland I LLC
since 2023
3 recorded transactions
Zoning & alternative use
CMU · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.9M
+59.6%
Commercial (general)
$3.7M
+51.9%
Industrial (general)
$2.8M
+13.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,450,000
Current use
OFFICE BUILDING
$3,910,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,720,000
Change: +52% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,790,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$2,375,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10%
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
$104 / 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
$45,469
Tax year 2023
Assessed value
$1,015,800
Assessed 2024
Previous assessed
$878,800
+15.6% YoY
Effective rate
4.48%
On assessed value
Total market value
$2,031,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Buildings
3
Stories
1
Total area
28,627 SF
Lot
3.97 ac (172,933 SF)
Zoning code
CMU
APN
70-16-22-380-019
UPID
US43-1594164
Jurisdiction
OTTAWA
Zoning & alternative use
CMU · Holland, MI
Zoning CMU · permitted uses
CMU · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.4M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Stories
1
Buildings
3
Lot
3.97 ac
Current owner
From public records · entity-resolved
Ajz Holland I LLC
Entity
Mailing address
4201 STADIUM DR, KALAMAZOO, MI 49008-1427
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
—
Ajz Holland I LLC
Elhart Realty LLC
Warranty Deed
$477,499,830 · The Huntington National Bank
Jul 21, 2022
—
822 Chicago Drive LLC
Elhart Realty LLC
Quit Claim Deed
related
—
Jan 24, 2005
—
822 Chicago Drive LLC
Kenneth W Elhart
Other
—
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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