Office
New
For Sale
Contact for pricing
167 120th Avenue Ste. 20, Holland, MI 49424
Parking is available alongside space intended for professional office use.
Property Size1,480 SF
Price / SF$0.01
Days on Market3
Property Features for 167 120th Avenue Ste. 20
General Information
Standard status
Active
Size
1,480 SF
Building Details
Buildings
1
Listing Agency:
West Edge Real Estate LLC
Listed By:
Stephen D Grilley · License #6502396112
(616) 355-3737
Source:
Alexmi
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:05AM
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 West Edge Real Estate LLC
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Investment Insights
Based on property information with market context.
This 1,480-square-foot office building is suited to professional office occupancy and includes parking. The property is located at 167 120th Avenue, Suite 20, in Holland, Michigan.
Key Highlights
- 1,480‑square‑foot office building
- Parking available
- 167 120th Avenue, Suite 20, Holland, MI 49424
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,304
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,080
$326.1K
Cap Rate 7%
$232,914
$232.9K
Cap Rate 9%
$181,156
$181.2K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$25.2K $17.04/SF
− Vacancy
−$3.5K −$2.35/SF
EGI
$21.7K $14.69/SF
− OpEx
−$5.4K −$3.67/SF
NOI
$16.3K $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%
$326,080
Cap Rate 7%
$232,914
Cap Rate 9%
$181,156
Alternative Uses
Best Use
Office B
$232.9K
$203.8K – $271.7K
NOI $16,304 @ 7.0% cap · market cap 101,900.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$18.40M
$16.10M – $21.47M
NOI $1,288,294 @ 7.0% cap · market cap 8,051,837.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 49424, MI
47,963
Population
19,906
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
57.3 sq mi
ZIP Area
837
Density / Sq Mi
$82,353
Median Household Income
$41,316
Median Earnings
$1,157
Median Rent
$270,000
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 building - Parking is available alongside space intended for professional office use.
Where is this office building located?
The property is located at 167 120th Avenue Ste. 20 Holland, MI.
What are key features of this property?
This property features: 1,480‑square‑foot office building; Parking available; 167 120th Avenue, Suite 20, Holland, MI 49424
