Office Condo with Private
For Sale
Contact for pricing
3588 Green Pointe Center 1, Hamilton, MI 49419
Configured office space includes client-facing, collaborative, and private work areas with on-site parking.
Property Size1,951 SF
Price / SF$0.01
Days on Market96
Property Features for 3588 Green Pointe Center 1
General Information
Standard status
Active
Size
1,951 SF
Listing Agency:
Lakeshore Commercial Real Estate
(616) 394-4500
Listed By:
Caleb Driesenga · License #6505346469
(616) 283-8205
Source:
Alexmi
Added: Jul 13
Changed: Oct 5
Last Checked: Oct 14 at 10:18PM
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
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Investment Insights
Based on property information with market context.
This 1,951-square-foot office condominium at 3588 Green Pointe Center, Suite 1, provides a practical mix of shared and enclosed work areas. The interior includes a reception area, conference room, break room with kitchenette, open workspace with cubicles, and three private offices.
The property is situated just off 136th and M40 in Hamilton, placing it between Holland, Allegan, and Saugatuck. Ample on-site parking is available, and the property may also accommodate outdoor storage.
The property is situated just off 136th and M40 in Hamilton, placing it between Holland, Allegan, and Saugatuck. Ample on-site parking is available, and the property may also accommodate outdoor storage.
Key Highlights
- 1,951 SF office condominium at 3588 Green Pointe Center, Suite 1
- Three private offices plus open workspace with cubicles
- Reception area and conference room included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,493
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,860
$429.9K
Cap Rate 7%
$307,043
$307.0K
Cap Rate 9%
$238,811
$238.8K
Market Conditions
NOI Build-Up for 1,951 SF
Gross rent
$33.2K $17.04/SF
− Vacancy
−$4.6K −$2.35/SF
EGI
$28.7K $14.69/SF
− OpEx
−$7.2K −$3.67/SF
NOI
$21.5K $11.02/SF
Area
Allegan 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%
$429,860
Cap Rate 7%
$307,043
Cap Rate 9%
$238,811
Alternative Uses
Best Use
Office B
$307.0K
$268.7K – $358.2K
NOI $21,493 @ 7.0% cap · market cap 195,390.91%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$18.32M
$16.03M – $21.38M
NOI $1,282,533 @ 7.0% cap · market cap 11,659,390.91%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 49419, MI
8,720
Population
2,983
Households
2.9
Avg Household Size
37
Median Age
26%
College-Educated
96%
High-School Grad
73.2 sq mi
ZIP Area
119
Density / Sq Mi
$92,708
Median Household Income
$51,644
Median Earnings
$301,800
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
Frequently Asked Questions
What type of property is this?
Office units - Configured office space includes client-facing, collaborative, and private work areas with on-site parking.
Where is this office units located?
The property is located at 3588 Green Pointe Center 1 Hamilton, MI.
What are key features of this property?
This property features: 1,951 SF office condominium at 3588 Green Pointe Center, Suite 1; Three private offices plus open workspace with cubicles; Reception area and conference room included
