Finished Office Suites on Second
85 E 8th Street 230 #230 250 Holland, MI 49423
85 E 8th Street 230 #230 250, Holland, MI, 49423
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For Sale
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Second-floor suites offer private offices, flexible open work areas, and a large break room with floor-to-ceiling windows.
Property Size8,344 SF
Price / SF$324.39
Days on Market873
Property Features for 85 E 8th Street 230 #230 250
General Information
- Standard status
- Active
- Size
- 8,344 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
Lakeshore Commercial Real Estates
(616) 394-4500
Listed by
Jason DeWitt · License #MI 6501331667
Source
Crexi
Added: Mar 1, 2024 Updated: Jul 21 at 2:53AM Checked: Jul 21 at 2:53AM
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 Estates
Investment Insights
Based on property information with market context.
Suite 230/250 comprises an approximately 8,344 SF, finished second-floor office space. The interior currently includes five private offices and multiple open, flexible areas that can support coworking or collaborative use. A large break area overlooks the north side of the property and features floor-to-ceiling windows, creating a bright, visible space for shared use.
The combined suite layout can also support reconfiguration, including construction of additional private offices or use of the open areas for larger gatherings and presentations.
The combined suite layout can also support reconfiguration, including construction of additional private offices or use of the open areas for larger gatherings and presentations.
Key Highlights
- Suite 230/250 is a combined 2nd‑floor space totaling 8,344 SF
- Currently finished with 5 private offices plus multiple open flexible areas
- Open areas can be used for co‑working/collaborative space or converted to additional private offices
Local Financial Insights For Office B
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 | $142.2k | $17.04 |
| − Vacancy | −$19.6k | −$2.35 |
| EGI | $122.6k | $14.69 |
| − OpEx | −$30.6k | −$3.67 |
| NOI | $91.9k | $11.02 |
8,344 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,921 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$103.76M
$90.79M – $121.05M
NOI $7,263,193 @ 7.0% cap · market cap 268.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Community Foundation of the Holland/Zeeland ...
Charitable Organization
Ottawa Prosecuting Attorney
Law Firm
Smith Haughey Rice ...
Law Firm
Family Investment & Resource
Financial Advisor
Cap Trust Financial ...
Financial Advisor
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FAQs
What type of property is this?
Office units - Second-floor suites offer private offices, flexible open work areas, and a large break room with floor-to-ceiling windows.
Where is this office units located?
The property is located at 85 E 8th Street 230 #230 250 Holland, MI.
What is the asking price?
The asking price for this property is $2,706,750.
What are key features of this property?
This property features: Suite 230/250 is a combined 2nd‑floor space totaling 8,344 SF; Currently finished with 5 private offices plus multiple open flexible areas; Open areas can be used for co‑working/collaborative space or converted to additional private offices
