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    Medical Office Suite For Rent Title is generated by Realmo AI

    1445 Sheldon Road, Grand Haven, MI 49417

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    Claim this Listing
    For Lease
    $21 SF/Yr $4,285/Mo (calc)

    COMMERCIAL - Grand Haven, MI

    Type:Office
    Property size:
    2,449 SF
    Lot size:
    0.99 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    57
    Last Refresh:
    May 21 at 8:06 pm

    Property Features for 1445 Sheldon Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Rooms
    Basement
    Fireplace
    1
    Standard status
    Active
    APN
    70-03-29-426-007
    Size
    2,449 SF
    Lot size
    0.99 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PART OF LOT 10 OAKES PETER SUB, & PART OF LOT 17 EAST HIGHLAND PARK SUB NO.1 & PART OF VAC OTTAWA AVE COM SW COR LOT 12 OAKES PETER SUB, TH S 0D 09M 39S E 2.5 FT, S 89D 47M 40S E 201.43 FT TO BEG, TH N 96.42 FT N 89D 45M E 251.79 FT, S 171.59 FT, W 2 51.78 FT, N 74.07 FT TO BEG. OAKES PETER SUB & EAST HIGHLAND PARK SUB NO.1 .99 A

    Utilities

    Utilities
    Cable Available
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Building materials
    Brick, Stone
    Roof type
    Rubber

    We can help!

    Listing Contact
    David Ten Cate

    Listing agent David Ten Cate License #6502325769

    Listing office Capstone Real Estate LLC PO Box 261, Grand Haven, MI

    Listing date Mar 26, 2026

    MLS# 26011965

    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.

    Overview

    This 2,449 SF medical office suite is located just west of US 31 within the Harbor Dunes Medical Center, immediately adjacent to Trinity Health's Grand Haven Hospital campus. Situated on the main level, the suite features a reception and waiting area, a private office, four exam rooms with sinks, a lab room, multiple supply and storage rooms, an employee breakroom, and an in suite ADA compliant restroom. Expansive floor level windows provide abundant natural light throughout the space. The property offers ample on site parking, heated sidewalks, and a convenient patient drop off/pickup area. Harbor Dunes Medical Center is home to established long term tenants including Dunewood Pharmacy, Shoreline Vision, and Mercy Health Partners. The property is situated on a 0.99-acre lot. The suite is offered on a NNN lease, with tenants responsible for in suite janitorial services, phone, and internet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Megan A. Zambiasi, MA Physician Dr. Vincente C. ... Physician Cynthia A. Spielmaker, MA Physician Dr. Caleb J. ... Physician Lakeshore Urology, PLC Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • VetIQ Petcare — 15000 US Highway 31, Grand Haven, MI 49417

    Location Insight

    • Map
    • Local Demand
    City
    Grand Haven
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.228939
    Latitude
    43.050076

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    FAQs

    What type of property is this?
    Medical Office Space - 2,449 SF medical office suite near Grand Haven Hospital.
    Where is this medical office space located?
    The property is located at 1445 Sheldon Road Grand Haven, MI.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    (616) 847-1031
    We can help!
    Listing Contact
    David Ten Cate
    Real Estate License ID: 6502325769
    Learn More
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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.

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