Light Industrial Flex
11128 James Street Zeeland, MI 49464
For Sale
$1,495,000
Flex warehouse offering approximately 2,300 SF of office space and clear-height storage with multiple overhead doors.
Property Size12,000 SF
Price / SF$124.58
Days on Market169
Property Features for 11128 James Street
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial
Building Details
Year Built
2001
Listing Agency:
Lakeshore Commercial Real Estate
(616) 394-4500
Listed By:
Jason DeWitt · License #6501331667
(616) 394-4500
Source:
Sabudarealty
Added: Feb 11
Changed: Jul 22
Last Checked: Jul 22 at 11:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lakeshore Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial/industrial flex warehouse provides approximately 12,000 SF total, including about 2,300 SF of office space. The office area features four private offices, an open work area with semi-private offices, a conference room, and a break room.
The warehouse portion includes two 12x14 overhead doors and one dock, supported by 200 amps of 3-phase power and approximately 14' clear height for storage and light industrial use.
The property is offered for sale as a single commercial/industrial space configured to combine office functionality with usable warehouse access via the overhead doors and dock.
The warehouse portion includes two 12x14 overhead doors and one dock, supported by 200 amps of 3-phase power and approximately 14' clear height for storage and light industrial use.
The property is offered for sale as a single commercial/industrial space configured to combine office functionality with usable warehouse access via the overhead doors and dock.
Key Highlights
- 12,000 SF commercial/industrial space available on James St in Holland (light industrial/contractor/storage use).
- Includes approximately 2,300 SF of office space with 4 private offices plus open and semi‑private office areas.
- Office layout also features a conference room and break room.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.5k | $17.04 |
| − Vacancy | −$28.2k | −$2.35 |
| EGI | $176.3k | $14.69 |
| − OpEx | −$44.1k | −$3.67 |
| NOI | $132.2k | $11.02 |
12,000 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,033 @ 7.0% cap · market cap 13.51%
Second Best
Industrial
$2.53M
$2.21M – $2.95M
NOI $177,085 @ 7.0% cap · market cap 11.85%
Theoretical Best
Multifamily LT 5
$149.22M
$130.57M – $174.09M
NOI $10,445,628 @ 7.0% cap · market cap 698.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse offering approximately 2,300 SF of office space and clear-height storage with multiple overhead doors.
Where is this flex space located?
The property is located at 11128 James Street Zeeland, MI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 12,000 SF commercial/industrial space available on James St in Holland (light industrial/contractor/storage use).; Includes approximately 2,300 SF of office space with 4 private offices plus open and semi‑private office areas.; Office layout also features a conference room and break room.
