Unfinished Office
For Sale
$825,705
85 E 8th Street Unit 210, Holland, MI 49423
Second-floor space offers north-facing windows and flexibility for a custom interior layout.
Property Size3,236 SF
Price / SF$255.16
Days on Market969
Property Features for 85 E 8th Street Unit 210
General Information
Standard status
Active
Size
3,236 SF
Property subtype
Commercial
Space & Availability
Floor
2
Furnished
No
Taxes and HOA fees
Annual Taxes
$40,965
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Jason DeWitt · License #6501331667
(616) 355-3156
Source:
Harborcountryhomes
Added: Mar 1, 2024
Changed: Oct 26
Last Checked: Oct 26 at 3:19AM
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
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Investment Insights
Based on property information with market context.
This 3,236-square-foot office suite is located on the second floor and is currently unfinished, allowing for a tailored interior plan. Multiple large windows face north and bring natural light into the space.
Key Highlights
- 3,236 SF on the second floor
- Currently unfinished for a custom interior layout
- Multiple large north‑facing windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,649
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,980
$713.0K
Cap Rate 7%
$509,271
$509.3K
Cap Rate 9%
$396,100
$396.1K
Market Conditions
NOI Build-Up for 3,236 SF
Gross rent
$55.1K $17.04/SF
− Vacancy
−$7.6K −$2.35/SF
EGI
$47.5K $14.69/SF
− OpEx
−$11.9K −$3.67/SF
NOI
$35.6K $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 Rate 5%
$712,980
Cap Rate 7%
$509,271
Cap Rate 9%
$396,100
Alternative Uses
Best Use
Office B
$509.3K
$445.6K – $594.2K
NOI $35,649 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.24M
$35.21M – $46.95M
NOI $2,816,838 @ 7.0% cap · market cap 341.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,269
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor space offers north-facing windows and flexibility for a custom interior layout.
Where is this office unit located?
The property is located at 85 E 8th Street Unit 210 Holland, MI.
What is the asking price?
The asking price for this property is $825,705.
What are key features of this property?
This property features: 3,236 SF on the second floor; Currently unfinished for a custom interior layout; Multiple large north‑facing windows
