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    Property profile & analytics

    M-40 Holland, MI 49423

    • Manufacturing properties
    • 5,176 SF
    • 9.47 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    6.9%
    Manufacturing properties
    Location Intelligence
    Property ID
    US43-2690348
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for M-40

    Lot size
    9.47 lot acres
    Property size
    5,176 SF
    Property type
    Manufacturing properties
    APN
    06-015-034-30
    APU
    601503430

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $405,000
      6.5%
      $370,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $232,000
      Market price range: $75.9k - $258k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Allegan
    State
    Michigan
    Longitude
    -86.0649
    Latitude
    42.7338
    CBSA code
    26090
    CBSA name
    HOLLAND, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $41,200
    $170,600
    $211,800
    -
    $82,400
    $341,200
    $423,600

    Comparable in this City

    • Value Estimation
      $915,000
      232,012 SF

      1201 Industrial Ave

      MANUFACTURING (LIGHT) • 232,012 SF
      1201 Industrial Ave, Holland, MI 49423-5318
      View Details
    • Value Estimation
      $895,000
      62,500 SF

      1904 Lamar Ct

      MANUFACTURING (LIGHT) • 62,500 SF
      1904 Lamar Ct, Holland, MI 49423-8750
      View Details
    • Value Estimation
      $375,000
      6,175 SF

      1900 Lamar Ct

      MANUFACTURING (LIGHT) • 6,175 SF
      1900 Lamar Ct, Holland, MI 49423-8750
      View Details
    • Value Estimation
      $340,000
      1,271,617 SF

      901 48th St

      MANUFACTURING (LIGHT) • 1,271,617 SF
      901 48th St, Holland, MI 49423-8544
      View Details
    • Value Estimation
      $710,000
      146,357 SF

      70 48th St

      MANUFACTURING (LIGHT) • 146,357 SF
      70 48th St, Holland, MI 49423-9308
      View Details
    • Value Estimation
      $675,000
      218,946 SF

      808 32nd St

      MANUFACTURING (LIGHT) • 218,946 SF
      808 32nd St, Holland, MI 49423-9422
      View Details

    Similar Nearby for Sale

    • $13,590,000
      148,369 SF

      Holland Manufacturing/Distribution Facility For Sale

      148,369 SF facility ideal for manufacturing, distribution, or R&D.
      1776 Airport Park Ct, Holland, MI 49423
      View Details
    • $2,950,000
      99,132 SF

      Holland Industrial Property For Sale

      100,000 SF industrial property on 7.3 acres in Holland.
      510 E 16Th St, Holland, MI 49423
      View Details
    • $4,800,000
      76,225 SF

      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland with multiple loading docks.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $995,000
      12,000 SF

      Holland Industrial Land - Redevelopment Opportunity

      Prime 2.05-acre site, high traffic location.
      937 Washington St, Holland, MI 49423
      View Details
    • $1,150,220
      5,760 SF

      Holland Industrial Condos: Prime Location

      New Industrial Condos, Lake Macatawa Access
      467 Ottawa Ave, Holland, MI 49423
      View Details
    • $449,000
      10,000 SF

      Holland Industrial Building For Sale

      10,000 SF commercial building in good condition on 0.71 acres.
      438 W 29Th St, Holland, MI 49423
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      76,225 SF

      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland, suitable for various uses.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $4 SF/Yr
      24,990 SF

      Holland Manufacturing and Warehouse Space

      Manufacturing and warehouse space with office, loading docks, and parking.
      455 E 64Th St, Holland, MI 49423
      View Details
    • $6 SF/Yr
      38,545 SF

      Holland Industrial Condos for Sale

      New industrial space, multiple units available
      72 64Th St, Holland, MI 49423
      View Details
    • $7 SF/Yr
      11,188 SF

      Truck Repair and Service Facility

      Well-maintained truck repair facility with access to major routes.
      931 Interchange Dr, Holland, MI 49423
      View Details
    • $6 SF/Yr
      19,272 SF

      Holland Industrial Condos For Rent

      New industrial condos available in Holland with convenient access.
      72 W 64Th St, Holland, MI 49423
      View Details
    • $9 SF/Yr

      Holland Flex Space Available

      Flex space available for lease in Holland, Michigan.
      287 E 26Th St, Holland, MI 49423
      View Details
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    M-40
    Holland, MI 49423
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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