Multi-Building Flex
New
For Sale
$1,400,000
11630 14 Mile Rd NE, Rockford, MI 49341
The property combines showroom, office, service, and storage space with outdoor storage and a current Triple Net lease.
Property Size18,600 SF
Lot Size8.37 Acres
Price / SF$75.27
Days on Market3
Property Features for 11630 14 Mile Rd NE
General Information
Standard status
Active
Size
18,600 SF
Lot size
8.37 Acres
Property subtype
Commercial
Site & Location
Traffic Count
15,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Tenant in Place
Yes
Property Use
Showroom/Office, Service/Shop, Storage
Taxes and HOA fees
Annual Taxes
$12,206
Building Details
Year Built
1998
Buildings
3
Units
3
Listed By:
Emmett C TerBeek
(616) 884-4200
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 2:32PM
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 Emmett C TerBeek
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Investment Insights
Based on property information with market context.
Four parcels comprise this flex property, with approximately 8.37 gross acres and 6.58 net acres. Three buildings provide approximately 18,600 SF, including a showroom and office building, a service and shop building, and a separate storage building. The main building also has a mezzanine and finished lower-level space. Paved and unpaved areas accommodate parking and outdoor storage.
The property fronts M-57/14 Mile Road in the Rockford area. Three parcels carry commercial zoning; the rear parcel is zoned Rural Residential/Agricultural. The site is currently occupied under a 5-year Triple Net lease. The buildings were built in 1998.
The property fronts M-57/14 Mile Road in the Rockford area. Three parcels carry commercial zoning; the rear parcel is zoned Rural Residential/Agricultural. The site is currently occupied under a 5-year Triple Net lease. The buildings were built in 1998.
Key Highlights
- Approximately 18,600 SF across three buildings
- Four parcels totaling approximately 8.37 gross acres / 6.58 net acres
- Current 5‑year Triple Net lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,980
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,600
$1.7M
Cap Rate 7%
$1,242,571
$1.2M
Cap Rate 9%
$966,444
$966.4K
Market Conditions
NOI Build-Up for 18,600 SF
Gross rent
$128.0K $6.88/SF
− Vacancy
−$3.7K −$0.20/SF
EGI
$124.3K $6.68/SF
− OpEx
−$37.3K −$2.00/SF
NOI
$87.0K $4.68/SF
Area
Kent County, MI
Vacancy
2.90%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,600
Cap Rate 7%
$1,242,571
Cap Rate 9%
$966,444
Alternative Uses
Best Use
Retail
$2.76M
$2.41M – $3.22M
NOI $193,085 @ 7.0% cap · market cap 13.79%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,980 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,871 @ 7.0% cap · market cap 16.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49341, MI
38,250
Population
15,070
Households
2.5
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
84.5 sq mi
ZIP Area
453
Density / Sq Mi
$112,932
Median Household Income
$57,775
Median Earnings
$1,251
Median Rent
$347,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines showroom, office, service, and storage space with outdoor storage and a current Triple Net lease.
Where is this flex space located?
The property is located at 11630 14 Mile Rd NE Rockford, MI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 18,600 SF across three buildings; Four parcels totaling approximately 8.37 gross acres / 6.58 net acres; Current 5‑year Triple Net lease
