Self Storage Condo
460 Cleveland Avenue # Unit 3 Holland Holland, MI 49423
460 Cleveland Avenue # Unit 3 Holland, Holland, MI, 49423
$1,090,000
For Sale
$1,090,000
New storage condo units feature 22' ceilings and 14' x 16' overhead doors with front and rear service doors.
Property Size5,760 SF
Price / SF$189.24
Days on Market9
Property Features for 460 Cleveland Avenue # Unit 3 Holland
General Information
- Standard status
- Active
- Size
- 5,760 SF
Building Details
- Year Built
- 2025
Listing Agency
(269) 399-5881
Listed by
Jose Sigala
(269) 399-5881
Source
Remax-executive
Added: Jul 10 Checked: Jul 17 at 2:44 am
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 Jose Sigala
Investment Insights
Based on property information with market context.
This offering consists of 11 newly built self-storage building/condo units with multiple buying options ranging from 1,920 to 5,760 SF. Each unit has a 22’+ ceiling height and a 14' x 16' overhead door with an operator, along with front and rear service doors for access and flexibility.
The property is described as being located close to Lake Macatawa, which may be relevant for storage needs associated with boats.
As of the public remarks, five condo units are under contract and six condo units remain available.
The property is described as being located close to Lake Macatawa, which may be relevant for storage needs associated with boats.
As of the public remarks, five condo units are under contract and six condo units remain available.
Key Highlights
- 11 newly built storage condo units with multiple sizes: 1,920 to 5,760 SF
- 22'+ ceiling height in the units
- 14' x 16' overhead door with operator plus front and rear service doors
Local Financial Insights For Warehouse
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 | $21.60 |
| − Vacancy | −$10.3k | −$1.79 |
| EGI | $114.1k | $19.81 |
| − OpEx | −$17.1k | −$2.97 |
| NOI | $97.0k | $16.84 |
5,760 SF · lease $21.60/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.39M
$1.21M – $1.62M
NOI $96,976 @ 7.0% cap · market cap 8.90%
Second Best
Self Storage
$796.0K
$696.5K – $928.7K
NOI $55,723 @ 7.0% cap · market cap 5.11%
Theoretical Best
Multifamily LT 5
$71.63M
$62.67M – $83.57M
NOI $5,013,901 @ 7.0% cap · market cap 459.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - New storage condo units feature 22' ceilings and 14' x 16' overhead doors with front and rear service doors.
Where is this self storage facility located?
The property is located at 460 Cleveland Avenue # Unit 3 Holland Holland, MI.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: 11 newly built storage condo units with multiple sizes: 1,920 to 5,760 SF; 22'+ ceiling height in the units; 14' x 16' overhead door with operator plus front and rear service doors
