Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    3375 Merriam, Unit OFFICE Muskegon Heights, MI 49444

    Sponsored
    Picture of Office space at Merriam 3375, Muskegon Heights, MI
    For Lease
    $13 SF/Yr ($19,352 /Mo)

    COMMERCIAL - Muskegon Heights, MI

    Type:Office
    Property size:
    17,864 SF
    Lot size:
    1.37 Acres
    Days on Market:
    25
    Last Refresh:
    Feb 5 at 5:06 pm

    Property Features for 3375 Merriam

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    6126105300000200
    Fireplace
    1
    Size
    17,864 SF
    Lot size
    1.37 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Building materials
    Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Peter K. Cachey
    Peter K. Cachey

    Signature Associates Kalamazoo (269) 385-2000

    Listing agent Peter K. Cachey (616) 259-6386

    Listing date Jan 12, 2026

    MLS# 25047795

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Office Building in Muskegon

    This newly renovated office building offers multiple suites available for lease. The property is located in Muskegon Heights, MI. Suites range in size from 114 to 1,750 square feet, with rates varying between $10.29 and $27.00 per square foot. The building is situated on a 1.37-acre lot. The total building size is 17,864 square feet. Clear Channel Communications is among the current tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic Auto Repair Shop Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon Heights
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.238007
    Latitude
    43.190988

    Nearby Similar for Lease

    • $3 SF/Yr

      Industrial Building with Fenced Yard

      9,635 SF industrial building with office and shop space for lease.
      2225 Temple St, Muskegon Heights, MI 49444
      View Details
    • $3 SF/Yr

      Industrial Building with Secured Yard

      9,635 SF industrial building with office and shop space.
      2225 Temple St, Muskegon Heights, MI 49444
      View Details
    • $3 SF/Yr
      36,434 SF

      Muskegon Industrial Warehouse Space

      Versatile industrial space, Muskegon, MI.
      2517 6 St, Muskegon Heights, MI 49444
      View Details
    • $37 SF/Yr
      17,864 SF

      Salon Suites in Muskegon Heights

      Newly constructed salon suites available for rent.
      3375 Merriam Unit Salon Suites, Muskegon Heights, MI 49444
      View Details
    • $1,500 /Mo
      4,400 SF

      Industrial Unit with Office Space

      Industrial unit featuring office space in Muskegon Heights, Michigan.
      2644 Park St, Muskegon Heights, MI 49444
      View Details
    • $600 /Mo
      2,475 SF

      Muskegon Heights Commercial Flex Space

      Flex space available for lease in Muskegon Heights, Michigan.
      2648 Park St, Muskegon Heights, MI 49444
      View Details
    • $36 SF/Yr

      Salon Suites For Rent

      Newly constructed salon suites available for lease.
      3375 Merriam Salon Suites, Muskegon Heights, MI 49444
      View Details
    • $1,500 /Mo

      Office Space with Restroom

      Office space for lease with restroom and new roof.
      2644 Park St, Muskegon Heights, MI 49444
      View Details
    • $12 SF/Yr

      Renovated Office Building Suites

      Newly renovated office building with suites available for lease.
      3375 Merriam Office, Muskegon Heights, MI 49444
      View Details
    • $600 /Mo

      Muskegon Heights Commercial Space Available

      Commercial space for lease in Muskegon Heights, Michigan.
      2648 Park St, Muskegon Heights, MI 49444
      View Details

    FAQs

    What type of property is this?
    Office space - Newly renovated office building with suites available for lease.
    Where is this office space located?
    The property is located at 3375 Merriam, Unit OFFICE Muskegon Heights, MI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Newly renovated office building.; - Multiple suites available.; - Suites range from 114 - 1,750 Sq. ft.
    (616) 259-6386
    Request Owner's contact information
    3375 Merriam, Unit OFFICE Muskegon Heights, MI 49444
    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.
    3375 Merriam, Unit OFFICE
    Muskegon Heights, MI 49444
    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
    3375 Merriam, Unit OFFICE Muskegon Heights, MI 49444
    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!
    Listing Contact
    Peter K. Cachey
    Peter K. Cachey
    (616) 259-6386
    Learn more
    Google sign-in failed. Please try again or use another login method.