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

    85 8Th St Holland, MI 49423

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5,107 SF, Newly Renovated Office

    Property size:
    5,107 SF

    Property Features for 85 8Th St

    General Information

    Property type
    Office Units
    Square Feet
    5,107 SF

    Building Details

    Year Built/Renovated
    2002/2024
    Buildings
    1
    Stories
    3
    Units
    1

    We can help!

    Listing Contact
    Jason Dewitt
    Jason Dewitt

    Listing Agency: Lakeshore Commercial Real Estates Listing Agent: Jason Dewitt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 5,107 square foot office space, located at 85 E 8th St, Suite 230, Holland, MI 49423, is offered for sale at $1,745,110 ($341.71/sq ft). Situated in the prominent Plaza Center building, this owner-user opportunity boasts a prime downtown location at the corner of 8th Street and College Ave, offering easy access to Holland's vibrant dining and shopping scene. The fully renovated (2024) space features five private offices, versatile open areas ideal for collaborative work or additional office construction, and a spacious break room with floor-to-ceiling windows. Built in 2002, this three-story building (APN: 70-16-29-287-708) offers a main floor customer lobby with convenient parking. The suite includes four parking spaces per unit. The property is zoned F-CDT and is currently vacant. This is a NNN lease type property. Enjoy the benefits of Holland's extensive snowmelt system, ensuring year-round accessibility and convenience. This is a single-unit, single-building property. Don't miss this chance to own a thriving business space in the heart of downtown Holland.
    Property Profile Insight Report 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

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.1035831
    Latitude
    42.7906542

    Nearby Similar for Sale

    • $599,900
      6,000 SF

      Holland Automotive Investment Opportunity

      6,000 SF commercial property in prime Holland location.
      2470 Van Ommen Dr, Holland, MI 49424
      View Details
    • $395,000
      1,002 SF

      Holland Restaurant with Drive-Thru

      Turnkey restaurant opportunity in high-traffic Holland location.
      517 Butternut Dr, Holland, MI 49424
      View Details
    • $329,900
      2,750 SF

      Holland Commercial Building For Sale

      Commercial duplex with office and warehouse space available for sale.
      38 Veterans Dr, Holland, MI 49423
      View Details
    • $799,900
      4,379 SF

      Unique Office Suite in Holland

      Meticulously designed office suite in Holland's vibrant Eastcore community.
      217 E 24Th St, Holland, MI 49423
      View Details
    • $825,705
      3,236 SF

      Unfinished Office Space in Holland

      3,236 SF unfinished office space with customization potential.
      85 E 8Th St, Holland, MI 49423
      View Details
    • $910,000
      3,237 SF

      Finished Office Space in Holland

      Finished office space with kitchenette and conference room in Holland.
      85 E 8Th St, Holland, MI 49423
      View Details
    • New
      $4,800,000
      Pending

      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland with multiple loading docks.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $850,000
      1,104 SF

      Holland Restaurant/Retail Opportunity For Sale

      High-profile corner location with existing restaurant infrastructure.
      442 E 32Nd St, Holland, MI 49423
      View Details
    • New
      $419,000
      Pending

      Holland Commercial Building For Sale

      10,000 SF commercial building in good condition on 0.71 acres.
      438 W 29Th St, Holland, MI 49423
      View Details
    • $115,000
      555 SF

      Commercial Office Building Investment Opportunity

      Well-maintained office building in desirable location with modern finishes.
      60 E Lakewood Blvd, Holland, MI 49424
      View Details
    • $1,980,000
      Pending

      Renovated Industrial Building with Expansion Potential

      Renovated industrial building with office and warehouse space on 2.69 acres.
      2336 112Th Ave, Holland, MI 49424
      View Details
    • $8,500,000
      50,401 SF

      Retail Center on 7.6 Acres

      Multi-tenant retail center in major retail corridor for sale.
      12659 Riley St, Holland, MI 49424
      View Details

    FAQs

    What type of property is this?
    Office units - 5,107 SF, Newly Renovated Office
    Where is this office units located?
    The property is located at 85 8Th St Holland, MI.
    What is the asking price?
    The asking price for this property is $1,745,110.
    What are key features of this property?
    This property features: $1,745,110 asking price for a vacant, owner-user office building.; 5,107 square feet, priced at $341.71 per square foot.; Located at 85 E 8th St, Suite 230, Holland, MI 49423.
    (616) 394-4500 Call to check price and availability
    Request Owner's contact information
    85 8Th St Holland, MI 49423
    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.
    85 8Th St
    Holland, MI 49423
    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
    85 8Th St Holland, MI 49423
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Dewitt
    Jason Dewitt
    Real Estate License ID: 6501331667
    (616) 394-4500 (616) 836-2856 (616) 355-3156
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!