Finished Office Suite with Break
For Sale
$1,745,110
230-85 E 8th St, Holland, MI 49423
Second-floor office accommodation combines enclosed workrooms, adaptable shared areas, and a window-lined employee break space.
Property Size5,107 SF
Price / SF$341.71
Days on Market949
Property Features for 230-85 E 8th St
General Information
Standard status
Active
Size
5,107 SF
Additional Details
Floor
2
Office Units
1
Taxes and HOA fees
Annual Taxes
$34,983
Amenities
large break room
floor to ceiling windows
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Jason DeWitt · License #6501331667
(616) 394-4500
Source:
Exprealty
Added: Mar 1, 2024
Changed: Oct 4
Last Checked: Oct 6 at 12:45AM
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.
Suite 230 occupies the second floor and contains 5,107 SF of finished office space. The layout includes five private offices alongside several open areas that can support collaborative work or be reconfigured for more enclosed rooms. A sizable break room features floor-to-ceiling windows oriented toward the north side of the property.
Located at 230-85 E 8th St in Holland, Michigan, the suite offers a defined office setting with a mix of private and open workspace. The existing configuration provides both individual offices and flexible common areas within the same premises.
Located at 230-85 E 8th St in Holland, Michigan, the suite offers a defined office setting with a mix of private and open workspace. The existing configuration provides both individual offices and flexible common areas within the same premises.
Key Highlights
- 5,107 SF of finished second‑floor office space
- Five private offices included in the existing layout
- Open areas accommodate collaborative work or additional private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,261
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,125,220
$1.1M
Cap Rate 7%
$803,729
$803.7K
Cap Rate 9%
$625,122
$625.1K
Market Conditions
NOI Build-Up for 5,107 SF
Gross rent
$87.0K $17.04/SF
− Vacancy
−$12.0K −$2.35/SF
EGI
$75.0K $14.69/SF
− OpEx
−$18.8K −$3.67/SF
NOI
$56.3K $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%
$1,125,220
Cap Rate 7%
$803,729
Cap Rate 9%
$625,122
Alternative Uses
Best Use
Office B
$803.7K
$703.3K – $937.7K
NOI $56,261 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$63.51M
$55.57M – $74.09M
NOI $4,445,485 @ 7.0% cap · market cap 254.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
808
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office accommodation combines enclosed workrooms, adaptable shared areas, and a window-lined employee break space.
Where is this office units located?
The property is located at 230-85 E 8th St Holland, MI.
What is the asking price?
The asking price for this property is $1,745,110.
What are key features of this property?
This property features: 5,107 SF of finished second‑floor office space; Five private offices included in the existing layout; Open areas accommodate collaborative work or additional private offices
