Flex Space with Truck
For Sale
$999,000
10841 Paw Paw Drive, Holland, MI 49424
Commercial Sale, Holland, MI
Property Size10,380 SF
Lot Size1.11 Acres
Price / SF$96.24
Days on Market297
Property Features for 10841 Paw Paw Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C-2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Zeeland
Middle school district
Zeeland
High school district
Zeeland
Subdivision
Holland/Saugatuck - H
Standard status
Active
APN
70-16-23-300-051
Size
10,380 SF
Lot size
1.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF SW 1/4 COM S 0D 28M 48S E 877.6 FT, S 89D 41M 14S W 220 FT, S 265 FT & S 89D 41M 14S W 183.46 FT FROM CEN 1/4 C
Tax Annual Amount
8304
Legal Description
PART OF SW 1/4 COM S 0D 28M 48S E 877.6 FT, S 89D 41M 14S W 220 FT, S 265 FT & S 89D 41M 14S W 183.46 FT FROM CEN 1/4 C
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
private offices
conference room
break areas
Building Details
Year built
1986
Floors in Building
1
Number of units
1
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Thomas S Postma · License #MI 6502135442
(616) 394-4500
Added: Jan 14
Changed: Oct 2
Last Checked: Nov 6 at 2:06PM
MLS# 26001690
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.
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Investment Insights
Based on property information with market context.
This 10,380-square-foot flex property sits on 1.11 acres and was built in 1986. The building includes private offices, a conference room, break areas, one overhead door, and two truck docks, with 13-foot ceiling height supporting a range of commercial operations. Forced-air heating, central air, and natural gas availability are also provided.
Located at 10841 Paw Paw Drive in Holland, the property offers access to Chicago Drive and is close to US-31. Its position between Holland and Zeeland places the building near retail stores, restaurants, and other businesses. The property is available for sale and lease.
Located at 10841 Paw Paw Drive in Holland, the property offers access to Chicago Drive and is close to US-31. Its position between Holland and Zeeland places the building near retail stores, restaurants, and other businesses. The property is available for sale and lease.
Key Highlights
- 10,380 square feet on 1.11 acres
- One overhead door and 2 truck docks
- 13' ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,122
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,440
$742.4K
Cap Rate 7%
$530,314
$530.3K
Cap Rate 9%
$412,467
$412.5K
Market Conditions
NOI Build-Up for 10,380 SF
Gross rent
$62.3K $6.00/SF
− Vacancy
−$5.2K −$0.50/SF
EGI
$57.1K $5.50/SF
− OpEx
−$20.0K −$1.93/SF
NOI
$37.1K $3.58/SF
Area
Ottawa County, MI
Vacancy
8.30%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,440
Cap Rate 7%
$530,314
Cap Rate 9%
$412,467
Alternative Uses
Best Use
Warehouse
$2.50M
$2.18M – $2.91M
NOI $174,759 @ 7.0% cap · market cap 17.49%
Second Best
Industrial
$2.19M
$1.91M – $2.55M
NOI $153,179 @ 7.0% cap · market cap 15.33%
Theoretical Best
Multifamily LT 5
$129.08M
$112.94M – $150.59M
NOI $9,035,468 @ 7.0% cap · market cap 904.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
13 ft
Clear height
2
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
215
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
$270,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Holland, MI
Properties on Market for Flex space in Holland
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex space combines private offices with warehouse functionality, a conference room, and employee break areas.
Where is this flex space located?
The property is located at 10841 Paw Paw Drive Holland, MI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 10,380 square feet on 1.11 acres; One overhead door and 2 truck docks; 13' ceiling height
