Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    840 Black River Dr Unit 2 Holland, MI 49424

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    Commercial suites available for lease in Adams Court Strip Mall.

    Type:Commercial
    Property size:
    4,800 SF
    Added:
    Apr 27, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 27 at 5:03 pm

    Property Features for 840 Black River Dr Unit 2

    General Information

    Standard status
    Active
    Size
    4,800 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Jason DeWitt
    Jason DeWitt

    Listing agent Jason DeWitt License #6501331667

    Listing office Lakeshore Commercial Real Estate

    Listing date Apr 27, 2026

    Source Elliman

    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 Lakeshore Commercial Real Estate

    Overview

    Remodeled Commercial Suites For Lease

    Commercial suites ranging from 1,200 to 4,800 square feet are available for lease in Adams Court Strip Mall. This newly remodeled and re-purposed building offers space suitable for various business opportunities. The location provides access to I-196 and is near Chicago Drive, Downtown Holland, and Downtown Zeeland, offering ease of access. The lease term is 36 months. The bike score is 22, indicating it is somewhat bikeable, and the walk score is 2, indicating car-dependent accessibility.
    Location Intelligence

    Current Use by Public Records

    Grainery | The Decor Co Home Decor Store Dollar Depot Discount Store AAA Insurance - Jessica ... Insurance Agency Macatawa Plumbing Inc. HVAC Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.0215374
    Latitude
    42.7842527

    Nearby Similar for Lease

    • $20 SF/Yr

      Renovated Commercial Space in Holland

      Professionally renovated commercial space with modern finishes and excellent accessibility.
      983 Lincoln Avenue, Holland, MI 49423
      View Details
    • $21 SF/Yr

      Versatile Office Space in Holland

      Adaptable office space with co-working options in Holland, Michigan.
      85 E 8th Street, Holland, MI 49423
      View Details
    • $23 SF/Yr

      Holland Office Space For Rent

      8,344 SF office space with flexible co-working areas available.
      85 E 8th Street, Holland, MI 49423
      View Details
    • $21 SF/Yr

      Holland Office Space For Rent

      Office space available in Holland, featuring flexible co-working areas.
      85 E 8th Street, Holland, MI 49423
      View Details
    • $12 SF/Yr

      Holland Commercial Condo with Office

      Commercial condo with office and garage space in Holland, MI.
      11322 E Lakewood Boulevard, Holland, MI 49424
      View Details
    • $17 SF/Yr

      Holland Office Space For Rent

      High-profile office building with suites available for lease.
      601 Michigan Avenue, Holland, MI 49423
      View Details
    • $17 SF/Yr

      Holland Office Space For Rent

      High-profile office building across from Holland Hospital with flexible space.
      601 Michigan Avenue, Holland, MI 49423
      View Details
    • $7 SF/Yr

      Holland Commercial Building For Lease

      Centrally located flex/industrial/office/warehouse space near Chicago Drive.
      10841 Paw Paw Drive, Holland, MI 49424
      View Details
    • $20 SF/Yr

      Downtown Holland Office Space Available

      3,237 SF office suite with kitchenette and conference room.
      85 E 8th Street, Holland, MI 49423
      View Details
    • $14 SF/Yr

      Spacious Lower-Level Office Suite

      2,918 SF office suite near downtown Holland available for lease.
      240 E 8th Street, Holland, MI 49423
      View Details
    • $8 SF/Yr

      Versatile Commercial Space in Holland

      Former car dealership with flexible space and high visibility.
      343 E 8th Street, Holland, MI 49423
      View Details
    • $25 SF/Yr

      Finished Office Space in Holland

      5,107 SF office suite with flexible co-working space available.
      85 E 8th Street, Holland, MI 49423
      View Details

    FAQs

    What type of property is this?
    Strip mall - Commercial suites available for lease in Adams Court Strip Mall.
    Where is this strip mall located?
    The property is located at 840 Black River Dr Unit 2 Holland, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
    (616) 394-4500
    We can help!
    Listing Contact
    Jason DeWitt
    Jason DeWitt
    Real Estate License ID: 6501331667
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!