Commercial Condo with RV Garage
For Sale
$375,000
11555 Crossings Court, Holland, MI 49424
COMMERCIAL - Holland, MI
Property Size2,600 SF
Price / SF$144.23
Days on Market46
Property Features for 11555 Crossings Court
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
West Ottawa
Middle school district
West Ottawa
High school district
West Ottawa
Directions
E Lakewood Blvd, W of 112th Ave. to Crossings Ct. N to addr
Standard status
Active
APN
70-16-22-264-012
Size
2,600 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
UNIT 12. CROSSING COURT AS RECORDED IN OTTAWA COUNTY REGISTER OF DEEDS DOC #2016-0033144 CONDO PLAN #612 SEC 22 T5N R15W
Tax Annual Amount
4012
Legal Description
UNIT 12. CROSSING COURT AS RECORDED IN OTTAWA COUNTY REGISTER OF DEEDS DOC #2016-0033144 CONDO PLAN #612 SEC 22 T5N R15W
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2018
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Coldwell Banker Woodland Schmidt · Coldwell Banker Real Estate
(616) 396-5221
Listed By:
Kevin Alderink · License #6506045551
(616) 836-0999
Added: Jul 10
Changed: Aug 4
Last Checked: Aug 24 at 10:06PM
MLS# 26035213
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.
Investment Insights
Based on property information with market context.
This commercial condo totals 2,600 SF, with 1,750 SF on the main level and 850 SF on the second floor. The main level includes a garage bay designed to fit multiple vehicles, with work and shop space sized for a 32' Class A motorhome or a 35' boat. Amenities built for RV use include a built-in RV dump station and a dedicated RV electrical outlet. The condo is supported by two independently zoned HVAC systems (main and upper), a 40-gallon water heater, and forced-air heating with central air.
On the main floor, there are two hot and cold water locations, a 200-amp electrical service with 220-amp outlets, and an air compressor with copper air line plumbed throughout the main. Lighting includes LED fixtures with dimming on the second floor. The second floor offers a custom full bathroom and a finished living/work space with wired internet, a programmable DC ceiling fan, and a fold-down attic stair to bonus storage. Outside, there are three dedicated parking spaces, including two 50-foot spots with security lighting and monitored cameras.
The property was built in 2018, with vinyl siding and a composition roof. Blueprints are available.
On the main floor, there are two hot and cold water locations, a 200-amp electrical service with 220-amp outlets, and an air compressor with copper air line plumbed throughout the main. Lighting includes LED fixtures with dimming on the second floor. The second floor offers a custom full bathroom and a finished living/work space with wired internet, a programmable DC ceiling fan, and a fold-down attic stair to bonus storage. Outside, there are three dedicated parking spaces, including two 50-foot spots with security lighting and monitored cameras.
The property was built in 2018, with vinyl siding and a composition roof. Blueprints are available.
Key Highlights
- 2,600 total SF with 1,750 main level and 850 second floor
- Garage bay sized for a 32' Class A motorhome or a 35' boat
- Built‑in RV dump station plus dedicated RV electrical outlet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,643
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,860
$572.9K
Cap Rate 7%
$409,186
$409.2K
Cap Rate 9%
$318,256
$318.3K
Market Conditions
NOI Build-Up for 2,600 SF
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.
Gross rent
$44.3K $17.04/SF
− Vacancy
−$6.1K −$2.35/SF
EGI
$38.2K $14.69/SF
− OpEx
−$9.5K −$3.67/SF
NOI
$28.6K $11.02/SF
Area
Ottawa County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,860
Cap Rate 7%
$409,186
Cap Rate 9%
$318,256
Alternative Uses
Best Use
Industrial
$548.1K
$479.6K – $639.5K
NOI $38,369 @ 7.0% cap · market cap 10.23%
Second Best
Office B
$409.2K
$358.0K – $477.4K
NOI $28,643 @ 7.0% cap · market cap 7.64%
Theoretical Best
Multifamily LT 5
$32.33M
$28.29M – $37.72M
NOI $2,263,219 @ 7.0% cap · market cap 603.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial condo with two HVAC systems, a main-floor garage bay sized for RVs or boats, and finished upper living space.
Where is this flex space located?
The property is located at 11555 Crossings Court Holland, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,600 total SF with 1,750 main level and 850 second floor; Garage bay sized for a 32' Class A motorhome or a 35' boat; Built‑in RV dump station plus dedicated RV electrical outlet
