Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Medical Office Space
845 16th St Holland, MI 49423-9130
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-4666227
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Total area
10,756 SF
Lot
1.32 ac (57,499 SF)
Zoning code
PUD
APN
70-16-27-300-076
UPID
US43-4666227
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
-
West Michigan Pediatric Dentistry Dental Office
-
Dr. Daniel L. Bolt, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Wmpd Properties LLC · 7 yrs held
Wmpd Properties LLC
since 2018
6 recorded transactions
Zoning & alternative use
PUD · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
669.58 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
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
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$65 / 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
$54,017
Tax year 2022
Assessed value
$918,700
Assessed 2023
Previous assessed
$918,700
+0.0% YoY
Effective rate
5.88%
On assessed value
Total market value
$1,837,400
Applied tax rate
65.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
10,756 SF
Lot
1.32 ac (57,499 SF)
Zoning code
PUD
APN
70-16-27-300-076
UPID
US43-4666227
Jurisdiction
OTTAWA
Zoning & alternative use
PUD · Holland, MIZoning PUD · permitted uses
PUD · Holland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
669.58 ac
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Wmpd Properties LLC
Entity
Mailing address
845 E 16TH ST, HOLLAND, MI 49423-9130
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2019
—
Wmpd Properties LLC
—
Deed
related
—
Dec 26, 2018
—
Wmpd Properties LLC
Cjb Holdings LLC
Warranty Deed
—
Sep 7, 2017
$62,450
Cjb Holdings LLC
Chemical Collateral Holding Company
Deed
—
Apr 5, 2013
—
West Michigan Getaway Properties Ll
The Bank Of Holland
Quit Claim Deed
related
—
Aug 15, 2008
—
Israels Development LLC
Lee Tenharmsel
Warranty Deed
$92,460 · The Bank Of Holland
Jul 17, 2008
$89,000
Lee Tenharmsel
Gary P Beckman
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 845 16th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
