Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Holland Office Building For Sale Title is generated by Realmo AI

    347 Hoover Boulevard, Holland, MI 49423

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,175,000

    8,136 SF office building with US-31 frontage and ample parking.

    Type:Commercial/Industrial
    Property size:
    8,139 SF
    Lot size:
    2.05 Acres
    Price / SF:
    $144/SF
    Added:
    Mar 12, 2026
    Days on Market:
    71
    Last Refresh:
    Apr 6 at 1:51 am

    Property Features for 347 Hoover Boulevard

    General Information

    Standard status
    Active
    Size
    8,139 SF
    Lot size
    2.05 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    James Edewaard

    Listing agent James Edewaard License #6501249802

    Listing office Lakeshore Commercial Real Estate

    Listing date Mar 12, 2026

    Source Exitrealty

    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

    HighLights

    • High‑visibility location with incredible frontage on US‑31.
    • Large parking lot with approximately 83 spaces.
    • 8,136 SF of office space.
    • Potential for multiple suites (up to 4) with independent entrances.
    • Proximity to Menards, Starbucks, Meijer, and other businesses.
    • Renovated in 1999 for professional office use.

    Overview

    This 8,136 square foot office building is available for sale. The property, formerly a church, was renovated in 1999 into professional office space. It features frontage on US-31, providing visual presence on a busy corridor in Holland. The location offers proximity to Menards, Starbucks, Meijer, Mister Car Wash, and other professional office buildings, as well as a future Culvers site. The parking lot is expansive, with approximately 83 spaces. The building is currently configured as two separate suites, with the potential for four independent entrances.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $996.2K
    NOI $89,662 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.28M
    NOI $89,662 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.79M
    NOI $89,662 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $138.7k $17.04
    − Vacancy −$19.1k −$2.35
    EGI $119.5k $14.69
    − OpEx −$29.9k −$3.67
    NOI $89.7k $11.02
    8,139 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,662 @ 7.0% cap · market cap 7.63%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $101.21M
    $88.56M – $118.08M (±1% cap)
    NOI $7,084,747 @ 7.0% cap · market cap 602.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jill Rodriguez Physician Saulo Rodriguez Counselor B C Computing ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.0818
    Latitude
    42.7845

    Nearby Similar for Sale

    • $395,000
      2,424 SF

      Holland Commercial Building on Acreage

      2,424 SF commercial building on 1.03 acres in Holland.
      1100 Washington Avenue, Holland, MI 49423
      View Details
    • $1,200,000
      1,788 SF

      Turnkey Restaurant in Prime Location

      Move-in ready restaurant with patio, drive-up window, ample parking.
      1011 136th Avenue, Holland, MI 49424
      View Details
    • $1,350,000
      13,068 SF

      Industrial Building in Holland, MI

      Functional industrial building with office and manufacturing space for sale.
      4518 128th Avenue, Holland, MI 49424
      View Details
    • $499,900
      3,000 SF

      Commercial Condo with Office Space

      Commercial condo with office and garage space in Holland, MI.
      11322 E Lakewood Boulevard, Holland, MI 49424
      View Details
    • $395,000
      1,002 SF

      Holland Restaurant with Drive-Thru

      Turnkey restaurant opportunity in high-traffic Holland location.
      517 Butternut Drive, Holland, MI 49424
      View Details
    • $850,000
      1,104 SF

      Holland Restaurant/Retail Opportunity For Sale

      High-profile corner location with existing restaurant infrastructure.
      442 E 32nd Street, Holland, MI 49423
      View Details
    • $599,900
      6,000 SF

      Holland Automotive Investment Opportunity

      6,000 SF commercial property in prime Holland location.
      2470 Van Ommen Drive, Holland, MI 49424
      View Details
    • $115,000
      555 SF

      Commercial Office Building Investment Opportunity

      Well-maintained office building in desirable location with modern finishes.
      60 E Lakewood Boulevard, Holland, MI 49424
      View Details
    • $1,150,000
      10,380 SF

      Holland Commercial Building For Sale

      Centrally located commercial building with offices, docks, and overhead door.
      10841 Paw Paw Drive, Holland, MI 49424
      View Details
    • $8,500,000
      50,401 SF

      Retail Center on 7.6 Acres

      Multi-tenant retail center in major retail corridor for sale.
      12659 Riley Street, Holland, MI 49424
      View Details
    • $5,060,000
      43,243 SF

      Retail Center in Holland, MI

      Multi-tenant retail center in a thriving commercial area.
      1149 S Washington Avenue, Holland, MI 49423
      View Details
    • $1,980,000
      15,000 SF

      Renovated Industrial Building with Expansion Potential

      Renovated industrial building with office and warehouse space on 2.69 acres.
      2336 112th Avenue, Holland, MI 49424
      View Details

    FAQs

    What type of property is this?
    Office building - 8,136 SF office building with US-31 frontage and ample parking.
    Where is this office building located?
    The property is located at 347 Hoover Boulevard Holland, MI.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: High‑visibility location with incredible frontage on US‑31.; Large parking lot with approximately 83 spaces.; 8,136 SF of office space.
    (616) 394-4500
    We can help!
    Listing Contact
    James Edewaard
    Real Estate License ID: 6501249802
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    347 Hoover Boulevard, Holland Charter Township Ottawa, MI 49423
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!