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

    9340 SPARTA AVENUE NW Sparta, MI 49345

    View on Map
    Claim this Listing
    For Sale
    $235,000

    land - SPARTA, MI

    Lot size:
    2.78 Acres
    Added:
    Apr 18, 2026
    Days on Market:
    12
    Last Refresh:
    Apr 29 at 11:06 am

    Property Features for 9340 SPARTA AVENUE NW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.78 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Lamb
    Michael Lamb

    Listing agent Michael Lamb

    Listing office Sparta 194 South State St., MI

    Listing date Apr 18, 2026

    MLS# 26000616 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on Sparta Avenue

    This 2.78-acre commercial property is located on Sparta Avenue, a high-traffic street. It features over 450 feet of road frontage and access via a private drive. The property has been perked and is currently zoned C-1. The Master Plan indicates potential for C-2 or light industrial uses, presenting various options for development given its frontage on a well-traveled street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Auto Repair Shop Nail Salon Pharmacy Auto Parts Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    Kent
    State
    Michigan
    Longitude
    -85.702729
    Latitude
    43.134061

    Nearby Similar for Sale

    • $589,000
      6,327 SF

      Historic Sparta Building with Cafe

      Updated 6,327 SF commercial building with established cafe.
      94 N Union Street, Sparta, MI 49345
      View Details
    • $616,000

      Farmland in Sparta Township

      44 acres of farmland near Sparta and Grand Rapids.
      12175 Sparta Avenue NW, Sparta, MI 49345
      View Details
    • $325,000

      Remodeled Duplex Near Sparta Village

      Remodeled duplex with strong rental history and fenced backyard.
      238-240 W Division Street, Sparta, MI 49345
      View Details
    • $279,900

      Sparta Multi-Family Investment Opportunity

      Two-unit property in Sparta, MI, great for investors.
      210 Grove Street, Sparta, MI 49345
      View Details
    • $649,900

      37.70 Acre Parcel in Sparta

      Large parcel of land perfect for building a dream home.
      10410 N Division NE, Sparta, MI 49345
      View Details
    • $309,500

      Buildable 11-Acre Parcel in Sparta

      11-acre buildable parcel with stream and wooded habitat in Sparta.
      9350 Peach Ridge Avenue NW, Sparta, MI 49345
      View Details
    • $2,100,000

      38-Acre Parcel in Sparta, MI

      38-acre parcel with mixed-use potential near Grand Rapids.
      11250 Sparta Avenue NW, Sparta, MI 49345
      View Details
    • $55,000

      Land Parcel in Sparta Township

      1.5-acre AG-1 zoned parcel near Sparta and Grand Rapids.
      12251 Sparta Avenue NW, Sparta, MI 49345
      View Details
    • $225,000

      16.08 Acres of Rolling Land

      16.08 acres of rolling land with awesome views.
      9340 SPARTA AVENUE NW, SPARTA, MI 49345
      View Details
    • $474,000
      1,374 SF

      Established Restaurant with Local Roots

      Long-standing restaurant with equipment and name included in sale.
      370 N State Street, Sparta, MI 49345
      View Details
    • $395,200

      30.4 Acres of Farmland

      Agricultural land in Sparta Township, suitable for building or farming.
      12401 Sparta Avenue, Sparta, MI 49345
      View Details
    • $74,900

      Buildable Lot Near Camp Lake

      1.51-acre lot near Camp Lake and Rogue River area.
      144 Toby Road NW, Sparta, MI 49345
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.78 acre commercial land with high traffic frontage.
    Where is this commercial land located?
    The property is located at 9340 SPARTA AVENUE NW Sparta, MI.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Prime commercial property on high traffic Sparta Ave.; Boasting 450+\/- feet of road frontage.; Access through a private drive.
    (616) 498-5368
    We can help!
    Listing Contact
    Michael Lamb
    Michael Lamb
    Real Estate License ID: 6506-041938
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!