Automotive Flex
2470 Van Ommen Dr Holland, MI 49424
2470 Van Ommen Dr, Holland, MI, 49424
$599,900
Pending
For Sale
$599,900
Pending
Real estate for sale with two automotive tenants and signage on US-31, including 220 power service.
Property Size6,000 SF
Days on Market87
Property Features for 2470 Van Ommen Dr
General Information
- Standard status
- Pending
- Size
- 6,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
RE/MAX Lakeshore
(616) 437-4219
Listed by
Kevin P Knoll
(616) 437-4219
Source
Elliman
Added: Apr 27 Updated: Jul 21 at 6:56PM Checked: Jul 21 at 6:56PM
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 RE/MAX Lakeshore
Investment Insights
Based on property information with market context.
This for-sale commercial property is currently occupied by two automotive tenants and is being offered as real estate, not the operating businesses. The site includes a total of 6,000 square feet of flex-style automotive space and is listed with 220 power/voltage. The configuration supports ongoing automotive use under the current tenant occupancy.
The property is located in the Holland area at 2470 Van Ommen Dr and features signage on US-31, providing visible presence for passing traffic.
Offered for sale for both owner-user and investor consideration, the asset’s existing automotive tenancy provides an immediate, income-producing operating setup at the time of listing.
The property is located in the Holland area at 2470 Van Ommen Dr and features signage on US-31, providing visible presence for passing traffic.
Offered for sale for both owner-user and investor consideration, the asset’s existing automotive tenancy provides an immediate, income-producing operating setup at the time of listing.
Key Highlights
- Real estate for sale with 2 automotive tenants currently occupying the space
- 6,000 SF building built in 1978
- Signage on US‑31
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $6.00 |
| − Vacancy | −$3.0k | −$0.50 |
| EGI | $33.0k | $5.50 |
| − OpEx | −$11.6k | −$1.93 |
| NOI | $21.5k | $3.58 |
6,000 SF · lease $6.00/SF/yr · vacancy 8.30% · expense 35.00%
Alternative Uses
Best Use
Industrial
$1.26M
$1.11M – $1.48M
NOI $88,543 @ 7.0% cap · market cap 14.76%
Second Best
Retail
$889.8K
$778.6K – $1.04M
NOI $62,285 @ 7.0% cap · market cap 10.38%
Theoretical Best
Multifamily LT 5
$74.61M
$65.29M – $87.05M
NOI $5,222,814 @ 7.0% cap · market cap 870.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Leadfoot Garage — 350 e lakewood blvd, holland, mi 49424
- Karfix - Holland — 156 E Lakewood Blvd Ste 20, Holland, MI 49424
- Platinum Auto Repair — 350 E Lakewood Blvd, Holland, MI 49424
- Christian Brothers Automotive Holland — 424 Baypark Dr, Holland, MI 49424
- Bosch Services LLC — 350 E Lakewood Blvd, Holland, MI 49424
FAQs
What type of property is this?
Auto shop - Real estate for sale with two automotive tenants and signage on US-31, including 220 power service.
Where is this auto shop located?
The property is located at 2470 Van Ommen Dr Holland, MI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Real estate for sale with 2 automotive tenants currently occupying the space; 6,000 SF building built in 1978; Signage on US‑31
