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    2975 West Shore Drive unit 40 Holland, MI 49424

    View on Map
    For Lease
    $17 SF/Yr

    COMMERCIAL - Holland, MI

    Type:Retail
    Property size:
    6,500 SF
    Added:
    Aug 19, 2025
    Days on Market:
    226
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 2975 West Shore Drive unit 40

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Fireplace
    1
    Standard status
    Active
    APN
    70-16-16-180-001
    Size
    6,500 SF

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    LOT 5. VAN DEN BRAND SUB FROM 16-100-061, 024 7/89

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air

    Building Details

    Year built
    1995

    We can help!

    Listing Contact
    Sandi L Gentry
    Sandi L Gentry

    Listing agent Sandi L Gentry License #6502359178

    Listing office RE/MAX Lakeshore 133 Washington Avenue, Holland, MI

    Listing date Aug 19, 2025

    MLS# 25042138

    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

    Versatile Commercial Space in Holland

    This 6,500 sq. ft. commercial space is located in a high-traffic area of Holland, near US-31. The property benefits from strong neighboring businesses and steady customer flow. The exterior includes large windows, covered walkways, and ample parking. The interior features expansive open areas with high ceilings and a mix of hardwood and polished concrete flooring. The versatile layout includes several partitioned rooms, mirrored studio spaces, and wide-open layouts, allowing for configuration options. Dedicated office areas and meeting rooms provide privacy. The property is equipped with modern restrooms, locker and changing rooms, utility access, and generous storage space. It is suitable for retail, office, fitness, wellness, or specialty use. The property is located minutes from shopping, dining, and residential neighborhoods. The location offers an opportunity for businesses looking to expand or establish themselves in the Holland area. The property is located at 2975 West Shore Drive, unit 40, Holland, MI 49424.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Girlfriends Fit Club Gym & Fitness Center Our Collected Home Home Decor Store Art as a Lifestyle Art Studio Indigo Vibes Apothecary (Bike/Boat/Book/etc) Store Great Lake Transporters Shipping Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.091138
    Latitude
    42.822382

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    FAQs

    What type of property is this?
    Retail space - 6,500 sq ft commercial space in high-traffic Holland location.
    Where is this retail space located?
    The property is located at 2975 West Shore Drive unit 40 Holland, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Prime location in a high‑traffic area near US‑31 with excellent visibility and strong neighboring businesses.; Versatile 6,500 sq. ft. layout suitable for retail, office, fitness, wellness, or specialty use with endless configuration options.; Ample parking, covered walkways, and large windows create a welcoming and accessible environment.
    (616) 638-3900
    We can help!
    Listing Contact
    Sandi L Gentry
    Sandi L Gentry
    Real Estate License ID: 6502359178
    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.

    More about this property
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