Building Details

Building Size 7,680 SF

Year Built 2021

Stories 1

Listing Agency: Colliers International Holland Show Phone

Listed By: Thomas S Postma · License #6502135442 Show Phone

Source: Danhendrick.clydehendrickrealtors

Added: Oct 16 Changed: Oct 28 Last Checked: Oct 28 at 4:06PM

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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 Colliers International Holland

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Investment Insights

Based on property information with market context.

Built in 2021, this 7,680-square-foot flex property is planned for multiple suites. Suite 1 comprises 3,840 square feet, including 750 square feet of office space, two restrooms, and two 14-by-16-foot overhead doors. The property is offered for sale or lease, with suite configurations described as accommodating multiple tenants.

The property is on Holland’s south side, near West Michigan Regional Airport, with access to M-40, US-31, and the I-196 interchange.

Key Highlights

• 7,680‑square‑foot flex property built in 2021
• Suite 1 offers 3,840 square feet, including 750 square feet of office space
• Two 14 x 16 overhead doors in Suite 1

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,466

Cap Rate

4.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$549,320 $549.3K

Cap Rate 7%

$392,371 $392.4K

Cap Rate 9%

$305,178 $305.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,680 SF

Gross rent

$46.1K $6.00/SF

− Vacancy

−$3.8K −$0.50/SF

EGI

$42.3K $5.50/SF

− OpEx

−$14.8K −$1.93/SF

NOI

$27.5K $3.58/SF

Area

Ottawa County, MI

Vacancy

8.30%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$549,320

Cap Rate 7%

$392,371

Cap Rate 9%

$305,178

Alternative Uses

Best Use

Warehouse

$1.85M

$1.62M – $2.16M (±1% cap)

NOI $129,301 @ 7.0% cap · market cap 19.16%

Second Best

Industrial

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,335 @ 7.0% cap · market cap 16.79%

Theoretical Best

Multifamily LT 5

$95.50M

$83.57M – $111.42M (±1% cap)

NOI $6,685,202 @ 7.0% cap · market cap 990.40%

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

Open Analytics

Current Use

Hoekstra Electrical Services Electrical Service Hoekstra Controls & Automation General Contractor

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Butcher Computer & Electronic Repair Veterinary Clinic Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A multi-suite industrial property offers office and warehouse space, with availability for sale or lease.

Where is this flex space located?

The property is located at 80 W 64th St 2 Holland, MI.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 7,680‑square‑foot flex property built in 2021; Suite 1 offers 3,840 square feet, including 750 square feet of office space; Two 14 x 16 overhead doors in Suite 1