Office Suite with Coworking Flex
For Sale
$2,525,950
85 E 8th Street # 210 230 Holland, Holland, MI 49423
2nd-floor suite with five private offices and open flexible coworking areas, plus a large north-facing break area.
Property Size8,343 SF
Price / SF$302.76
Days on Market40
Property Features for 85 E 8th Street # 210 230 Holland
General Information
Standard status
Active
Size
8,343 SF
Zoning
F-CDT
Taxes and HOA fees
Annual Taxes
$90,870
Amenities
break area
floor to ceiling windows
Yes
1
3
No
Broadband
Non-Applicable
1.82
8343.0
Building Details
Building Size
8,343 SF
Year Built
2002
Buildings
1
Listing Agency:
(269) 399-5881
Listed By:
Brad Houser
(269) 399-5881
Source:
Remax-executive
Added: Jul 13
Changed: Aug 16
Last Checked: Aug 21 at 4:06AM
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 Brad Houser
Investment Insights
Based on property information with market context.
Suite 230 is a finished 2nd-floor office space that includes five private offices and multiple open, flexible areas suited for coworking and collaborative use. A large break area overlooks the north side of the property and features floor-to-ceiling windows.
The offering also includes an adjacent unfinished suite 210 on the same level. Together, Suites 230 and 210 provide the ability to refresh the finished space while tailoring the unfinished portion with a custom floor plan to better match specific space needs.
The space is positioned on the 2nd floor of the property at 85 E 8th Street in Holland, MI.
The offering also includes an adjacent unfinished suite 210 on the same level. Together, Suites 230 and 210 provide the ability to refresh the finished space while tailoring the unfinished portion with a custom floor plan to better match specific space needs.
The space is positioned on the 2nd floor of the property at 85 E 8th Street in Holland, MI.
Key Highlights
- 2nd‑floor, 8,343 SF suite currently finished for flexible office use
- Finished layout includes 5 private offices plus multiple open, flexible coworking/collaborative areas
- Large north‑facing break area with floor‑to‑ceiling windows
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
$91,909
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
3.64%
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%
$1,838,180
$1.8M
Cap Rate 7%
$1,312,986
$1.3M
Cap Rate 9%
$1,021,211
$1.0M
Market Conditions
NOI Build-Up for 8,343 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
$142.2K $17.04/SF
− Vacancy
−$19.6K −$2.35/SF
EGI
$122.5K $14.69/SF
− OpEx
−$30.6K −$3.67/SF
NOI
$91.9K $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%
$1,838,180
Cap Rate 7%
$1,312,986
Cap Rate 9%
$1,021,211
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,909 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$103.75M
$90.78M – $121.04M
NOI $7,262,323 @ 7.0% cap · market cap 287.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 49423, MI
46,870
Population
19,019
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
77.9 sq mi
ZIP Area
602
Density / Sq Mi
$78,524
Median Household Income
$36,643
Median Earnings
$1,143
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Coworking space - 2nd-floor suite with five private offices and open flexible coworking areas, plus a large north-facing break area.
Where is this coworking space located?
The property is located at 85 E 8th Street # 210 230 Holland Holland, MI.
What is the asking price?
The asking price for this property is $2,525,950.
What are key features of this property?
This property features: 2nd‑floor, 8,343 SF suite currently finished for flexible office use; Finished layout includes 5 private offices plus multiple open, flexible coworking/collaborative areas; Large north‑facing break area with floor‑to‑ceiling windows
