Single-Story Office
For Sale
$1,050,000
426 Century Ln, Holland, MI 49423
Single-story office building with 7,301 SF and three primary tenants on NN leases.
Property Size7,301 SF
Price / SF$143.82
Days on Market128
Property Features for 426 Century Ln
General Information
Standard status
Active
Size
7,301 SF
Class
B
Property subtype
Office
Occupancy
100%
Building Details
Building Size
7,301 SF
Year Built
1986
Stories
1
Tenancy
Multi
Listing Agency:
SVN | Stewart Commercial Group, LLC
Listed By:
Matthias Rhein · License #6502361450
(248) 396-6506
Source:
Svn
Added: Jun 17
Changed: Oct 9
Last Checked: Oct 20 at 6:05PM
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 SVN | Stewart Commercial Group, LLC
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Investment Insights
Based on property information with market context.
426 Century Lane is a single-story office building totaling 7,301 SF. The property is 100% occupied by three primary tenants operating on NN leases. Tenants reimburse for property taxes and CAM, while the landlord is responsible for maintenance of the structure and property insurance.
The asset is located at 426 Century Lane in Holland, Michigan. The property may be sold as part of a portfolio with the neighboring office at 442 Century Lane.
As presented, the building generates $84,500 in NOI under the current occupancy and lease structure.
The asset is located at 426 Century Lane in Holland, Michigan. The property may be sold as part of a portfolio with the neighboring office at 442 Century Lane.
As presented, the building generates $84,500 in NOI under the current occupancy and lease structure.
Key Highlights
- 7,301 SF single‑story office building in Holland, Michigan
- 100% occupied by three primary tenants on NNN leases
- NN leases generate $84,500 in NOI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,430
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,608,600
$1.6M
Cap Rate 7%
$1,149,000
$1.1M
Cap Rate 9%
$893,667
$893.7K
Market Conditions
NOI Build-Up for 7,301 SF
Gross rent
$124.4K $17.04/SF
− Vacancy
−$17.2K −$2.35/SF
EGI
$107.2K $14.69/SF
− OpEx
−$26.8K −$3.67/SF
NOI
$80.4K $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%
$1,608,600
Cap Rate 7%
$1,149,000
Cap Rate 9%
$893,667
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,430 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$90.79M
$79.44M – $105.92M
NOI $6,355,294 @ 7.0% cap · market cap 605.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
724
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
Check the figures for this property
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 building - Single-story office building with 7,301 SF and three primary tenants on NN leases.
Where is this office building located?
The property is located at 426 Century Ln Holland, MI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 7,301 SF single‑story office building in Holland, Michigan; 100% occupied by three primary tenants on NNN leases; NN leases generate $84,500 in NOI
