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    Functional Commercial Space in Belding Title is generated by Realmo AI

    11676 Old Belding Road NE, Belding, MI 48809

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    Claim this Listing
    For Lease
    $14 SF/Yr $933/Mo (calc)

    COMMERCIAL - Belding, MI

    Type:Office
    Property size:
    800 SF
    Lot size:
    0.93 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    53
    Last Refresh:
    May 12 at 11:06 am

    Property Features for 11676 Old Belding Road NE

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Driveway
    Fireplace
    1
    Standard status
    Active
    APN
    41-12-16-204-031
    Size
    800 SF
    Lot size
    0.93 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    411216204031 PART OF LOT 31 COM AT NW COR OF SD LOT TH NELY 132 FT TO SE COR OF LOT 34 TH SELY 186.89 FT TO S LINE OF SD LOT AT A PT 185.08 FT ELY OF SW COR OF SD LOT TH WLY 185.08 FT TO SW COR OF SD LOT TH NWLY ALONG WLY LINE OF SD LOT 103.62 FT TO BEG ALSO W 1/2 OF LOT 33 EX E 12 FT & EX S 25 FT OF REMAINDER ALSO E 1/2 OF LOT 34 * VILLAGE OF GRATTAN CENTER SPLIT ON 07/17/2007 FROM 41-12-16-204-0

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1980
    Number of units
    1
    Building materials
    Concrete, Brick

    We can help!

    Listing Contact
    Andrea R Belding
    Andrea R Belding

    Listing agent Andrea R Belding

    Listing office Flat River Associates - Real E 12810 Lincoln Lake Ave, Gowen, MI

    Listing date Mar 21, 2026

    MLS# 26011131

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Affordable $900/month rent with modified gross lease.
    • Convenient location just off M‑44 in the Grattan area.
    • Functional ~800 sq ft commercial space suitable for various uses.
    • Includes shared entry, lobby, conference room, kitchenette, and bathroom.
    • Base utilities included in rent.
    • Features one 'closed door' office and additional open flex space.

    Overview

    This clean and functional commercial space, approximately 800 square feet, is located just off M-44 in the Grattan area. It is suitable for a small business or office use, offering an accessible location. The space features a modern and bright interior, ready for occupancy. The layout includes one closed-door office and additional open flex space, providing versatility. Shared amenities include an entry, lobby, conference room, kitchenette, and bathroom. The property is offered at $900 per month with a modified gross lease structure. Base utilities are included, with overages billed quarterly. The shared common areas and straightforward setup create an easy environment to work in. The property is located on a 0.93-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Bar & Pub Electrical Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Belding
    County
    Ionia
    State
    Michigan
    Longitude
    -85.37999
    Latitude
    43.083748

    FAQs

    What type of property is this?
    Office units - Clean, modern 800 sq ft commercial space for rent.
    Where is this office units located?
    The property is located at 11676 Old Belding Road NE Belding, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Affordable $900/month rent with modified gross lease.; Convenient location just off M‑44 in the Grattan area.; Functional ~800 sq ft commercial space suitable for various uses.
    (616) 240-1472
    We can help!
    Listing Contact
    Andrea R Belding
    Andrea R Belding
    Learn More
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    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
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