Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    840 Black River Drive unit 1 Holland, MI 49424

    View on Map
    For Lease
    $15 SF/Yr

    COMMERCIAL - Holland, MI

    Type:Retail
    Property size:
    1,200 SF
    Added:
    Jun 9, 2022
    Days on Market:
    1395
    Last Refresh:
    Apr 3 at 8:06 am

    Property Features for 840 Black River Drive unit 1

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Fireplace
    1
    Standard status
    Active
    APN
    70-16-25-475-006
    Size
    1,200 SF

    Taxes and HOA fees

    Tax Description
    PART OF NE 1/4 OF SW 1/4 COM AT A PT ON S LI OF M-21 1326.36 FT E & 515.04 FT S OF W 1/4 COR, TH N 82D 56M E 748.66 FT ALG S'LY R/W OF M-21, S 515.25 FT, W 263.68 FT, S 489.35 FT TO CEN LI PAW PAW DR, TH S 87D 38M 25S W 66.06 FT, N 492.35 FT, W 409.02 FT TO E LI OF WATER TOWER PLAZA CONDO'S, TH N 419.78 FT TO BEG. SEC 23 T5N R15W FROM 16-23-300-028,029,031 7/94

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Number of units
    1
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Jason DeWitt

    Listing agent Jason DeWitt

    Listing office Lakeshore Commercial Real Estate 44 E 8th Street # 510, Holland, MI

    Listing date Jun 9, 2022

    MLS# 22023013

    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

    Holland Retail Space For Lease

    Commercial suites, ranging from 1,200 to 4,800 square feet, are available for lease within the Adams Court Strip Mall. The building has been newly remodeled and re-purposed. Its location provides access to I-196 and proximity to Chicago Drive, Downtown Holland, and Downtown Zeeland.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grainery | The Decor Co Home Decor Store Dollar Depot Discount Store AAA Insurance - Jessica ... Insurance Agency Macatawa Plumbing Inc. HVAC Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.021529
    Latitude
    42.784243

    Nearby Similar for Lease

    • $20/mo

      Renovated Commercial Space in Holland

      Professionally renovated commercial space with modern finishes and excellent accessibility.
      983 Lincoln Avenue unit: 101/102, Holland, MI 49423
      View Details
    • $13/mo

      Holland Commercial Condo with Office

      Commercial condo with office, garage space, and C-2 zoning.
      11322 E Lakewood Boulevard, Holland, MI 49424
      View Details
    • $17/mo

      Holland Office Space For Rent

      High-profile office building with suites available for lease.
      601 Michigan Avenue unit: 106, Holland, MI 49423
      View Details
    • $17/mo

      Holland Office Space For Rent

      High-profile office building across from Holland Hospital with flexible space.
      601 Michigan Avenue unit: 104, Holland, MI 49423
      View Details
    • $15/mo

      Spacious Lower-Level Office Suite

      2,918 SF office suite near downtown Holland, Michigan.
      240 E 8th Street unit: B, Holland, MI 49423
      View Details
    • $7/mo

      Holland Commercial Building For Lease

      Centrally located flex/industrial/office/warehouse space near Chicago Drive.
      10841 Paw Paw Drive, Holland, MI 49424
      View Details
    • $20/mo

      Downtown Holland Office Space Available

      3,237 SF office suite with kitchenette and conference room.
      85 E 8th Street unit: 250, Holland, MI 49423
      View Details
    • $25/mo

      Finished Office Space in Holland

      5,107 SF office suite with flexible co-working space available.
      85 E 8th Street unit: 230, Holland, MI 49423
      View Details
    • $15/mo

      Unfinished Office Space Available

      3,236 SF unfinished office space for creative customization.
      85 E 8th Street unit: 210, Holland, MI 49423
      View Details
    • $17/mo

      Versatile Commercial Space in Holland

      6,500 sq ft commercial space in high-traffic Holland location.
      2975 West Shore Drive unit: 40, Holland, MI 49424
      View Details
    • $17/mo

      Holland Office Space For Rent

      High-profile office building across from Holland Hospital with flexible space.
      601 Michigan Avenue unit: 105, Holland, MI 49423
      View Details
    • $17/mo

      Holland Office Space For Rent

      Office suites available in high-profile building near Holland Hospital.
      601 Michigan Avenue unit: 102, Holland, MI 49423
      View Details

    FAQs

    What type of property is this?
    Strip mall - Commercial suites available in remodeled Adams Court Strip Mall.
    Where is this strip mall located?
    The property is located at 840 Black River Drive unit 1 Holland, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Commercial suites available for lease, ranging from 1,200 to 4,800 SF.; Newly remodeled and re‑purposed building.; Easily accessible location with access to I‑196.
    (616) 394-4500
    We can help!
    Listing Contact
    Jason DeWitt
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!