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

    460 Cleveland Ave, Unit 1 Holland, MI 49423

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $409,500

    New storage condo units with high ceilings and overhead doors.

    Lot size:
    1.11 Acres

    Property Features for 460 Cleveland Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.11 Acres

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Drew Alan Durham
    Drew Alan Durham
    Source: Elliman

    Listing Agency: Lakeshore Commercial Real Estate Listing Agent: Drew Alan Durham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Storage Condos Near Lake

    The property features 11 newly constructed storage building/condo units, with buying options ranging from 1,920 to 5,760 square feet. The units have ceiling heights of 22+ feet and are equipped with 14' x 16' overhead doors with operators, as well as front and rear service doors. The location is near Lake Macatawa. There are 6 condo units remaining, and 5 are under contract. The power/voltage is 125 AMP, 120/208 V, and the floor load is 500.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.125429
    Latitude
    42.778891

    Nearby Similar for Sale

    • $599,900
      6,000 SF

      Holland Automotive Investment Opportunity

      6,000 SF commercial property in prime Holland location.
      2470 Van Ommen Dr, Holland, MI 49424
      View Details
    • $395,000
      1,002 SF

      Holland Restaurant with Drive-Thru

      Turnkey restaurant opportunity in high-traffic Holland location.
      517 Butternut Dr, Holland, MI 49424
      View Details
    • New
      $791,120
      3,840 SF

      New Storage Condos Near Lake

      New storage condo units with high ceilings near Lake Macatawa.
      460 Cleveland Ave, Holland, MI 49423
      View Details
    • New
      $409,500
      1,920 SF

      Holland Storage Condos For Sale

      New storage condo units near Lake Macatawa, ranging from 1,920-5,760 SF.
      460 Cleveland Ave, Holland, MI 49423
      View Details
    • $329,900
      2,750 SF

      Holland Commercial Building For Sale

      Commercial duplex with office and warehouse space available for sale.
      38 Veterans Dr, Holland, MI 49423
      View Details
    • $799,900
      4,379 SF

      Unique Office Suite in Holland

      Meticulously designed office suite in Holland's vibrant Eastcore community.
      217 E 24Th St, Holland, MI 49423
      View Details
    • $825,705
      3,236 SF

      Unfinished Office Space in Holland

      3,236 SF unfinished office space with customization potential.
      85 E 8Th St, Holland, MI 49423
      View Details
    • $910,000
      3,237 SF

      Finished Office Space in Holland

      Finished office space with kitchenette and conference room in Holland.
      85 E 8Th St, Holland, MI 49423
      View Details
    • New
      $4,800,000
      Pending

      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland with multiple loading docks.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $850,000
      1,104 SF

      Holland Restaurant/Retail Opportunity For Sale

      High-profile corner location with existing restaurant infrastructure.
      442 E 32Nd St, Holland, MI 49423
      View Details
    • New
      $419,000
      Pending

      Holland Commercial Building For Sale

      10,000 SF commercial building in good condition on 0.71 acres.
      438 W 29Th St, Holland, MI 49423
      View Details
    • $115,000
      555 SF

      Commercial Office Building Investment Opportunity

      Well-maintained office building in desirable location with modern finishes.
      60 E Lakewood Blvd, Holland, MI 49424
      View Details

    FAQs

    What type of property is this?
    Self storage facility - New storage condo units with high ceilings and overhead doors.
    Where is this self storage facility located?
    The property is located at 460 Cleveland Ave, Unit 1 Holland, MI.
    What is the asking price?
    The asking price for this property is $409,500.
    What are key features of this property?
    This property features: - Newly built storage condo units (built in 2025); - Multiple buying options ranging from 1,920 - 5,760 SF; - Benefit from the **22'+ ceiling height**.
    (616) 566-2039
    Request Owner's contact information
    460 Cleveland Ave, Unit 1 Holland, MI 49423
    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.
    460 Cleveland Ave, Unit 1
    Holland, MI 49423
    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
    460 Cleveland Ave, Unit 1 Holland, MI 49423
    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

    We can help!
    Listing Contact
    Drew Alan Durham
    Drew Alan Durham
    Real Estate License ID: 6501355882
    (616) 566-2039 (616) 394-4500 (616) 355-3148
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!