Industrial Flex Facility with
821 Productions Pl Holland, MI 49423
For Sale
$1,760,000
16,000 SF industrial flex building on 3 acres with office space and a mezzanine.
Property Size16,000 SF
Lot Size3.00 Acres
Price / SF$110
Days on Market100
Property Features for 821 Productions Pl
General Information
Standard status
Active
Size
16,000 SF
Lot size
3.00 Acres
Property subtype
Commercial
Building Details
Year Built
1998
Listing Agency:
Colliers International Holland
(616) 394-4500
Listed By:
Thomas S Postma · License #6502135442
(616) 394-4500
Source:
Elliman
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 29 at 11:52AM
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
Investment Insights
Based on property information with market context.
This industrial flex facility offers a functional interior layout with office space and a mezzanine. The property is equipped with heavy power capacity, including Phase 3 service and 400 amps, supporting industrial operations.
The building is located in an established industrial park on Holland’s south side. It sits on 3 acres, providing room to accommodate business needs and potential expansion within the property.
Designed to combine work space with supporting office area, the overall configuration includes both main industrial space and mezzanine functionality.
The building is located in an established industrial park on Holland’s south side. It sits on 3 acres, providing room to accommodate business needs and potential expansion within the property.
Designed to combine work space with supporting office area, the overall configuration includes both main industrial space and mezzanine functionality.
Key Highlights
- 16,000 SF industrial building on 3 acres in an established industrial park on Holland’s south side
- Built in 1998
- Heavy power capacity for industrial operations: 400 amps, Phase 3
Financial Insights For Flex RnD
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 | $96.0k | $6.00 |
| − Vacancy | −$8.0k | −$0.50 |
| EGI | $88.0k | $5.50 |
| − OpEx | −$30.8k | −$1.93 |
| NOI | $57.2k | $3.58 |
16,000 SF · lease $6.00/SF/yr · vacancy 8.30% · expense 35.00%
Alternative Uses
Best Use
Industrial
$3.37M
$2.95M – $3.94M
NOI $236,114 @ 7.0% cap · market cap 13.42%
Second Best
Flex RnD
$817.4K
$715.3K – $953.7K
NOI $57,221 @ 7.0% cap · market cap 3.25%
Theoretical Best
Multifamily LT 5
$198.96M
$174.09M – $232.13M
NOI $13,927,504 @ 7.0% cap · market cap 791.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - 16,000 SF industrial flex building on 3 acres with office space and a mezzanine.
Where is this flex space located?
The property is located at 821 Productions Pl Holland, MI.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: 16,000 SF industrial building on 3 acres in an established industrial park on Holland’s south side; Built in 1998; Heavy power capacity for industrial operations: 400 amps, Phase 3
