New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Office buildings
877 16th St Holland, MI 49423-9425
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-2040701
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
6,948 SF
Lot
1.58 ac (68,955 SF)
Zoning code
PUD
APN
70-16-27-300-072
UPID
US43-2040701
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
-
Blueprint Dentistry Dental Office
-
Mailloux Dentistry Dental Office
-
Dr. Kevin J. Kross, DDS Dental Office
-
Keuning Agency Inc Insurance Agency
-
HBA Group Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.32M
Owner & transaction history
Progressive Brighton Real Estate Ll · 2 yrs held
Progressive Brighton Real Estate Ll
since 2023
5 recorded transactions
Zoning & alternative use
PUD · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+43.2%
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
OFFICE BUILDING
$950,000
Current use
RETAIL STORES
$1,360,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$905,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$189 / 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
$31,452
Tax year 2022
Assessed value
$567,900
Assessed 2023
Previous assessed
$567,900
+0.0% YoY
Effective rate
5.54%
On assessed value
Total market value
$1,135,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
6,948 SF
Lot
1.58 ac (68,955 SF)
Zoning code
PUD
APN
70-16-27-300-072
UPID
US43-2040701
Jurisdiction
OTTAWA
Zoning & alternative use
PUD · Holland, MI
Zoning PUD · permitted uses
PUD · 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
OFFICE BUILDING Current
Est. value
$950,000
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$905,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
Year built
1996
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Progressive Brighton Real Estate Ll
Individual
Free & Clear · 2 yrs held
Mailing address
5442 RAE RD, CLEVELAND, OH 44124-1342
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2023
—
Kbk Partners LLC
—
Deed
related
$150,000 · The Huntington National Bank
Nov 9, 2023
—
Progressive Brighton Real Estate Ll
—
Deed
related
$16,500,000 · Flank Real Estate LLC
Nov 6, 2023
—
Progressive Brighton Real Estate Ll
Progressive Brighton LLC
Quit Claim Deed
related
—
Jan 5, 2023
—
Kbk Partners LLC
—
Deed
related
$150,000 · The Huntington National Bank
Mar 16, 2022
—
Kbk Partners LLC
Light Properties LLC
Warranty Deed
$2,150,000 · The Huntington National Bank
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 877 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.
