Office Unit with Open
Ste-250-85 E 8th St Holland, MI 49423
For Sale
$910,000
Finished office unit featuring flexible open space and city views.
Property Size3,237 SF
Lot Size1.82 Acres
Price / SF$281.12
Days on Market881
Property Features for Ste-250-85 E 8th St
General Information
Standard status
Active
Size
3,237 SF
Lot size
1.82 Acres
Listing Agency:
Lakeshore Commercial Real Estate
(616) 394-4500
Listed By:
Jason DeWitt · License #6501331667
(616) 394-4500
Source:
Exprealty
Added: Mar 1, 2024
Changed: Jul 6
Last Checked: Jul 29 at 4:45PM
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
Investment Insights
Based on property information with market context.
Located on the second floor of Plaza Center, this 3,237-square-foot office unit (Suite 250) features a flexible, open layout suitable for co-working or private offices. The space includes a small kitchenette and a conference room. Windows wrap around the south side of the building, offering views of 8th Street.
Key Highlights
- Large open area with flexibility for co‑working or private offices.
- Located on the 2nd floor of Plaza Center in Suite 250.
- Windows wrapped around the south side of the building with views of 8th Street.
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 | $55.2k | $17.04 |
| − Vacancy | −$7.6k | −$2.35 |
| EGI | $47.5k | $14.69 |
| − OpEx | −$11.9k | −$3.67 |
| NOI | $35.7k | $11.02 |
3,237 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$509.4K
$445.8K – $594.3K
NOI $35,660 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.25M
$35.22M – $46.96M
NOI $2,817,708 @ 7.0% cap · market cap 309.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Finished office unit featuring flexible open space and city views.
Where is this office units located?
The property is located at Ste-250-85 E 8th St Holland, MI.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Large open area with flexibility for co‑working or private offices.; Located on the 2nd floor of Plaza Center in Suite 250.; **Windows wrapped around the south side of the building with views of 8th Street.**
