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Property profile & analytics
OFF-MARKET
Estimated value
$380,000
Medical Office Space
99 23rd St Holland, MI 49423-4776
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-2113969
Property summary
AI-generated overview
This exceptional 2,307-square-foot medical office building, located at 99 W 23rd St, Holland, MI 49423, presents a unique investment or leasing opportunity. Situated on the corner of W 23rd St and Pine Ave in Ottawa County, this single-tenant property boasts a convenient location and ample street parking along Pine Ave and W 23rd St. The building, a meticulously maintained single-story structure, offers 10 total parking spaces. Previously utilized as a dental office, the property retains its existing medical-grade plumbing and layout, making it ideally suited for a variety of medical practices. However, its adaptable design allows for easy repurposing to accommodate a wide range of office uses. The building's 2,307 square feet are currently vacant, providing immediate occupancy for a new tenant. This turnkey property offers a rare chance to acquire a well-maintained, strategically located office building in a thriving Michigan community. The property's single-story design and ample parking make it highly accessible and convenient for both staff and clients. This is an excellent opportunity for businesses seeking a move-in ready space with existing infrastructure. The address is 99 W 23rd St, Holland, MI 49423.
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2004
Total area
2,307 SF
Lot
0.25 ac (11,021 SF)
Zoning code
C-5
APN
70-16-32-181-006
UPID
US43-2113969
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
-
Martin Richard J DDS Dental Office
-
Mc Mahon Susan Dental Office
-
Zuidema Lisa 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
$380k
Owner & transaction history
Crt Ventures LLC · 1 yrs held
Crt Ventures LLC
since 2025
1 recorded transaction
Zoning & alternative use
C-5 · Holland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$380k
Range $342k – $418k · ±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
$165 / 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
$9,658
Tax year 2022
Assessed value
$222,400
Assessed 2023
Previous assessed
$212,900
+4.5% YoY
Effective rate
4.34%
On assessed value
Total market value
$444,800
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,307 SF
Lot
0.25 ac (11,021 SF)
Zoning code
C-5
APN
70-16-32-181-006
UPID
US43-2113969
Jurisdiction
OTTAWA
Zoning & alternative use
C-5 · Holland, MIZoning C-5 · permitted uses
C-5 · Holland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Crt Ventures LLC
Entity
Mailing address
17251 NN ST, HOLLAND, MI 49424-1167
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
—
Crt Ventures LLC
Richard J Martin
Warranty Deed
$360,000 · Lake Michigan Cu
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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