Single-Story Office
426 Century Lane Holland, MI 49423
426 Century Lane, Holland, MI, 49423
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For Sale
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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 Market43
Property Features for 426 Century Lane
General Information
- Standard status
- Active
- Size
- 7,301 SF
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing agency
SVN | Stewart Commercial Group, LLC
(734) 585-0995
Listed by
Dan Stewart · License #6502370091
Source
Crexi
Added: Jun 9 Updated: Jul 20 at 6:25PM Checked: Jul 21 at 9:36AM
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
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
Local Financial Insights For Office B
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 | $124.4k | $17.04 |
| − Vacancy | −$17.2k | −$2.35 |
| EGI | $107.2k | $14.69 |
| − OpEx | −$26.8k | −$3.67 |
| NOI | $80.4k | $11.02 |
7,301 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Smooth Logics
(Bike/Boat/Book/etc) Store
West Shore Counseling ...
Counselor
Brooke Wolters
Foster Care Service
Lifeline Ministries
Charitable Organization
Counterpart ERP
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
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 Lane 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
