Finished Office Suite For
Ste-230-85 E 8th St Holland, MI 49423
For Sale
$1,745,110
5,107 SF office suite with private offices and open areas.
Property Size5,107 SF
Lot Size1.82 Acres
Price / SF$341.71
Days on Market881
Property Features for Ste-230-85 E 8th St
General Information
Standard status
Active
Size
5,107 SF
Lot size
1.82 Acres
Listing Agency:
Lakeshore Commercial Real Estate
(616) 394-4500
Listed By:
Jason DeWitt · License #6501331667
(616) 394-4500
Source:
Exprealty
Added: Mar 1, 2024
Changed: Jul 6
Last Checked: Jul 29 at 8:31PM
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.
Located on the 2nd floor, Suite 230 offers a finished office space totaling 5,107 square feet. The suite includes 5 private offices and multiple open areas, providing flexibility for co-working, collaborative needs, or the construction of additional private offices. A large break room features floor-to-ceiling windows overlooking the north side of the property.
Key Highlights
- Large, fully finished suite with 5,107 SF on the 2nd floor.
- Includes 5 private offices.
- Flexible open areas suitable for co‑working or additional office construction.
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 | $87.0k | $17.04 |
| − Vacancy | −$12.0k | −$2.35 |
| EGI | $75.0k | $14.69 |
| − OpEx | −$18.8k | −$3.67 |
| NOI | $56.3k | $11.02 |
5,107 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$803.7K
$703.3K – $937.7K
NOI $56,261 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$63.51M
$55.57M – $74.09M
NOI $4,445,485 @ 7.0% cap · market cap 254.74%
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?
Office units - 5,107 SF office suite with private offices and open areas.
Where is this office units located?
The property is located at Ste-230-85 E 8th St Holland, MI.
What is the asking price?
The asking price for this property is $1,745,110.
What are key features of this property?
This property features: Large, fully finished suite with **5,107 SF on the 2nd floor.**; Includes **5 private offices.**; Flexible open areas suitable for co‑working or additional office construction.
