Office Condo with Conference
For Sale
Contact for pricing
40 E Lakewood Boulevard 6, Holland, MI 49424
Three-room office suite with reception, kitchenette, conference room, and on-site parking.
Property Size1,350 SF
Price / SF$148.07
Days on Market25
Property Features for 40 E Lakewood Boulevard 6
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Office, Retail, Special Purpose
Additional Details
Highway Access
Yes
Office Units
1
Listing Agency:
Greenridge Realty Holland
Listed By:
Dean Kreps · License #6506047734
(616) 403-5092
Source:
Crexi
Added: Sep 12
Changed: Oct 5
Last Checked: Oct 5 at 6:37PM
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 Greenridge Realty Holland
Investment Insights
Based on property information with market context.
This 1,350 SF office condominium at Railside Center provides a practical layout for professional office use. The suite includes three offices or rooms, a reception area, conference room, and a compact kitchenette equipped with a sink and mini fridge.
Located at 40 E Lakewood Boulevard 6 in Holland, the property offers access to major highways, ample parking, and exposure in an area with substantial traffic flow. The configuration combines private work areas with shared client-facing and meeting space within a dedicated office suite.
Located at 40 E Lakewood Boulevard 6 in Holland, the property offers access to major highways, ample parking, and exposure in an area with substantial traffic flow. The configuration combines private work areas with shared client-facing and meeting space within a dedicated office suite.
Key Highlights
- 1,350 SF office condominium at Railside Center
- Three offices or rooms plus reception and conference areas
- Kitchenette includes a sink and mini fridge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,872
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,440
$297.4K
Cap Rate 7%
$212,457
$212.5K
Cap Rate 9%
$165,244
$165.2K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$23.0K $17.04/SF
− Vacancy
−$3.2K −$2.35/SF
EGI
$19.8K $14.69/SF
− OpEx
−$5.0K −$3.67/SF
NOI
$14.9K $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%
$297,440
Cap Rate 7%
$212,457
Cap Rate 9%
$165,244
Alternative Uses
Best Use
Office B
$212.5K
$185.9K – $247.9K
NOI $14,872 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.79M
$14.69M – $19.59M
NOI $1,175,133 @ 7.0% cap · market cap 587.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 49424, MI
47,963
Population
19,906
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
57.3 sq mi
ZIP Area
837
Density / Sq Mi
$82,353
Median Household Income
$41,316
Median Earnings
$1,157
Median Rent
$270,000
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 - Three-room office suite with reception, kitchenette, conference room, and on-site parking.
Where is this office units located?
The property is located at 40 E Lakewood Boulevard 6 Holland, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,350 SF office condominium at Railside Center; Three offices or rooms plus reception and conference areas; Kitchenette includes a sink and mini fridge
