Furnished Class A Office
For Sale
Contact for pricing
240 E 8th Street A, Holland, MI 49423
Furnished suite with private offices, conference space, lobby, staffed reception, convenient parking, and elevator access.
Property Size2,258 SF
Price / SF$0.01
Days on Market92
Property Features for 240 E 8th Street A
General Information
Standard status
Active
Size
2,258 SF
Class
Class A
Elevators
Yes
Additional Details
Furnished
Yes
Amenities
private offices
conference room
lobby area
professionally staffed reception area
Listing Agency:
EXP Realty LLC
(888) 501-7085
Listed By:
Nathan Broekhuizen
(616) 405-5973
Source:
Blueowlprop
Added: Jul 20
Changed: Oct 10
Last Checked: Oct 19 at 6:47AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This 2,258 SF Class A office unit is offered fully furnished and arranged for professional business operations. The suite includes multiple private offices, a conference room, lobby space, and a professionally staffed reception area. Abundant natural light contributes to the workspace environment, while elevator access supports convenient entry for clients and staff.
Located just outside downtown Holland at 240 E 8th Street, A, the property combines proximity to the downtown area with on-site parking and straightforward access. The existing office configuration provides a defined reception point, meeting space, and private work areas within a single suite.
Located just outside downtown Holland at 240 E 8th Street, A, the property combines proximity to the downtown area with on-site parking and straightforward access. The existing office configuration provides a defined reception point, meeting space, and private work areas within a single suite.
Key Highlights
- 2,258 SF Class A office unit
- Fully furnished office suite
- Multiple private offices and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,875
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,500
$497.5K
Cap Rate 7%
$355,357
$355.4K
Cap Rate 9%
$276,389
$276.4K
Market Conditions
NOI Build-Up for 2,258 SF
Gross rent
$38.5K $17.04/SF
− Vacancy
−$5.3K −$2.35/SF
EGI
$33.2K $14.69/SF
− OpEx
−$8.3K −$3.67/SF
NOI
$24.9K $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 Rate 5%
$497,500
Cap Rate 7%
$355,357
Cap Rate 9%
$276,389
Alternative Uses
Best Use
Office B
$355.4K
$310.9K – $414.6K
NOI $24,875 @ 7.0% cap · market cap 99,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$28.08M
$24.57M – $32.76M
NOI $1,965,519 @ 7.0% cap · market cap 7,862,076.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
859
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Furnished suite with private offices, conference space, lobby, staffed reception, convenient parking, and elevator access.
Where is this office unit located?
The property is located at 240 E 8th Street A Holland, MI.
What are key features of this property?
This property features: 2,258 SF Class A office unit; Fully furnished office suite; Multiple private offices and conference room
