Flex Space with Workshop
New
For Sale
$175,000
791 Case Karsten Dr Unit 27, Zeeland, MI 49464
An 800-square-foot unit includes a heater, steel walls, a cold water spigot, and plumbing for a bathroom.
Property Size800 SF
Price / SF$218.75
Days on Market2
Property Features for 791 Case Karsten Dr Unit 27
General Information
Standard status
Active
Size
800 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Warehouse Space
800 SF
Amenities
unit heater
cold water spigot
plumbed in for a bathroom
Building Details
Year Built
2026
Construction
steel
Listing Agency:
Coldwell Banker Woodland Schmidt ART Office
Listed By:
Derrek Sterken · License #6501451743
(616) 403-3442
Source:
Katie-k
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:41AM
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 Coldwell Banker Woodland Schmidt ART Office
Investment Insights
Based on property information with market context.
This 20' x 40' flex unit offers 800 square feet of interior space. Features include steel walls, a unit heater, a cold water spigot, and plumbing for a bathroom. The space is described as suitable for storage, workshop activity, hobbies, or a small business.
Located on Case Karsten Dr in Zeeland, the property is just off Riley St.
Located on Case Karsten Dr in Zeeland, the property is just off Riley St.
Key Highlights
- 800‑square‑foot unit measuring 20' x 40'
- Unit heater, steel walls, and cold water spigot
- Plumbed for a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,806
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,120
$236.1K
Cap Rate 7%
$168,657
$168.7K
Cap Rate 9%
$131,178
$131.2K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$17.3K $21.60/SF
− Vacancy
−$415 −$0.52/SF
EGI
$16.9K $21.08/SF
− OpEx
−$5.1K −$6.32/SF
NOI
$11.8K $14.76/SF
Area
Ottawa County, MI
Vacancy
2.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,120
Cap Rate 7%
$168,657
Cap Rate 9%
$131,178
Alternative Uses
Best Use
Industrial
$168.7K
$147.6K – $196.8K
NOI $11,806 @ 7.0% cap · market cap 6.75%
Second Best
Flex RnD
$40.9K
$35.8K – $47.7K
NOI $2,861 @ 7.0% cap · market cap 1.63%
Theoretical Best
Multifamily LT 5
$9.95M
$8.70M – $11.61M
NOI $696,375 @ 7.0% cap · market cap 397.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49464, MI
29,654
Population
11,001
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
73.1 sq mi
ZIP Area
406
Density / Sq Mi
$97,573
Median Household Income
$47,030
Median Earnings
$976
Median Rent
$316,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - An 800-square-foot unit includes a heater, steel walls, a cold water spigot, and plumbing for a bathroom.
Where is this flex space located?
The property is located at 791 Case Karsten Dr Unit 27 Zeeland, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 800‑square‑foot unit measuring 20' x 40'; Unit heater, steel walls, and cold water spigot; Plumbed for a bathroom
