460 Cleveland Avenue Unit 1 Holland, MI 49423
Newly built storage condos with high ceilings near Lake Macatawa.
- Added:
- Jun 10, 2024
- Days on Market:
- 761
- Last Refresh:
- May 19 at 9:36 pm
Property Features for 460 Cleveland Avenue Unit 1
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Lot size
- 1.11 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2025
Listing office Lakeshore Commercial Real Estate (616) 394-4500
Listing date Jun 10, 2024
Source Exitrealty
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.
Key Highlights
- Newly built storage condo units (built in 2025)
- Multiple buying options ranging from 1,920 - 5,760 SF
- Benefit from the 22'+ ceiling height
Local Financial Insights For Industrial
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 | $41.5k | $21.60 |
| − Vacancy | −$995 | −$0.52 |
| EGI | $40.5k | $21.08 |
| − OpEx | −$12.1k | −$6.32 |
| NOI | $28.3k | $14.76 |
