Flex Space With Commercial
New
For Sale
$289,900
11555 Crossings Court, Holland, MI 49424
Commercial Sale, Holland, MI
Property Size1,665 SF
Lot Size1.45 Acres
Price / SF$174.11
Days on Market4
Property Features for 11555 Crossings Court
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
West Ottawa
Middle school district
West Ottawa
High school district
West Ottawa
Directions
E Lakewood Blvd to Crossings Ct just west of WeekEndings and Salt & Pepper. Unit has "20" on the door.
Standard status
Active
APN
70-16-22-264-002
Size
1,665 SF
Lot size
1.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 2. CROSSING COURT AS RECORDED IN OTTAWA COUNTY REGISTER OF DEEDS DOC #2016-0033144 CONDO PLAN #612 SEC 22 T5N R15W
Tax Annual Amount
3925
Legal Description
UNIT 2. CROSSING COURT AS RECORDED IN OTTAWA COUNTY REGISTER OF DEEDS DOC #2016-0033144 CONDO PLAN #612 SEC 22 T5N R15W
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2018
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Keller Williams Lakeshore · Keller Williams Realty
(616) 546-2500
Listed By:
Wendy J Holstege
(616) 886-0283
Added: Aug 28
Last Checked: Aug 31 at 7:06AM
MLS# 26045687
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,665-square-foot commercial condo provides a practical combination of office and garage space. The interior includes two private offices, a waiting area, one full bathroom, and dedicated storage. A 27-by-25-foot garage adds operational capacity, with a 12-by-14-foot commercial overhead door for equipment and vehicle access.
Built in 2018, the property features vinyl siding, a composition roof, forced-air heating, and central air conditioning. The condo is located at 11555 Crossings Court in Holland, Michigan, in the area between Holland and Zeeland.
Built in 2018, the property features vinyl siding, a composition roof, forced-air heating, and central air conditioning. The condo is located at 11555 Crossings Court in Holland, Michigan, in the area between Holland and Zeeland.
Key Highlights
- 1,665‑square‑foot commercial condo
- 27‑by‑25‑foot garage space
- 12‑by‑14‑foot commercial overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,571
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,420
$491.4K
Cap Rate 7%
$351,014
$351.0K
Cap Rate 9%
$273,011
$273.0K
Market Conditions
NOI Build-Up for 1,665 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.0K $21.60/SF
− Vacancy
−$863 −$0.52/SF
EGI
$35.1K $21.08/SF
− OpEx
−$10.5K −$6.32/SF
NOI
$24.6K $14.76/SF
Area
Ottawa County, MI
Vacancy
2.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,420
Cap Rate 7%
$351,014
Cap Rate 9%
$273,011
Alternative Uses
Best Use
Industrial
$351.0K
$307.1K – $409.5K
NOI $24,571 @ 7.0% cap · market cap 8.48%
Second Best
Office B
$262.0K
$229.3K – $305.7K
NOI $18,342 @ 7.0% cap · market cap 6.33%
Theoretical Best
Multifamily LT 5
$20.70M
$18.12M – $24.16M
NOI $1,449,331 @ 7.0% cap · market cap 499.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49424, MI
47,963
Population
19,906
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
57.3 sq mi
ZIP Area
837
Density / Sq Mi
$82,353
Median Household Income
$41,316
Median Earnings
$1,157
Median Rent
$270,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial condo combines private offices, a waiting area, bathroom, storage, and climate-controlled interior space.
Where is this flex space located?
The property is located at 11555 Crossings Court Holland, MI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,665‑square‑foot commercial condo; 27‑by‑25‑foot garage space; 12‑by‑14‑foot commercial overhead door
