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

    2780 28Th St SW Wyoming, MI 49519

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $274,900

    1.2 acres with frontage ready for development in Wyoming.

    We can help!

    Listing Contact
    Kevin Vanhaitsma
    Source: Bradleyco

    Listing Agent: Kevin Vanhaitsma

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Land on 28th Street

    This 1.2-acre parcel is located on the south side of 28th Street, situated between Byron Center and Ivanrest. It features prime frontage on 28th Street and is ready for development. The property is located in Wyoming, Michigan. The taxes for 2024 are $7,162.62. Future zoning designations include “Business Parks” and “Commercial and Industrial Infill,” which can allow for a wide array of uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyoming
    County
    Kent
    State
    Michigan
    Longitude
    -85.735633
    Latitude
    42.91315

    Nearby Similar for Sale

    • New
      $250,000
      Pending

      Well-Kept Duplex in Wyoming, MI

      Two-unit duplex with separate utilities, move-in ready condition, great location.
      1750 Godfrey Ave SW, Wyoming, MI 49509
      View Details
    • New
      $339,900
      3,728 SF

      Wyoming Six-Bedroom Home

      Six-bedroom home suitable for multi-family or care facility use.
      212 56Th St SW, Wyoming, MI 49548
      View Details
    • $379,900
      Pending

      Turnkey Duplex in Wyoming, MI

      Income-producing duplex with separate utilities and finished walkout basements.
      2212 Burton St SW, Wyoming, MI 49519
      View Details
    • New
      $599,900
      0.28 Acres

      Turn-Key Wyoming Triplex Investment

      Meticulously maintained, all-brick triplex with long-term tenants and upside potential.
      1890 30Th St SW, Wyoming, MI 49519
      View Details
    • $255,000
      Pending

      Wyoming Duplex with Two Units

      Duplex in Wyoming with two units, perfect for investors.
      1750 Berkley Ave SW, Wyoming, MI 49509
      View Details
    • $495,000
      2,460 SF

      Turn-Key Restaurant Opportunity

      Fully equipped restaurant for sale with recent upgrades and high potential.
      128 28Th St SW, Wyoming, MI 49548
      View Details
    • $341,900
      1,854 SF

      New Construction Townhome Style Condominium

      Spacious 3-bedroom, 2.5-bath condominium with modern amenities and community features.
      3351 Kings River St SW, Wyoming, MI 49418
      View Details
    • $456,000
      1,415 SF

      Executive Ranch Condominium in Grandville

      New construction condominium with customizable floor plans and quality amenities.
      552 Sunvale Ct, Wyoming, MI 49418
      View Details
    • $494,500
      1,532 SF

      Executive Ranch Condominium in Grandville

      New construction condominium with customizable floor plan and quality amenities.
      581 Sunvale Ct, Wyoming, MI 49418
      View Details
    • $419,000
      1,208 SF

      Executive Ranch Condominium in Grandville

      New construction condominium with customizable floor plan and quality amenities.
      594 Sunvale Ct, Wyoming, MI 49418
      View Details
    • $455,000
      1,412 SF

      Executive Ranch Condominium in Grandville

      New construction executive ranch condominium with customization options in Georgetown Twp.
      580 Sunvale Ct, Wyoming, MI 49418
      View Details
    • $50,000
      3,022 SF

      Restaurant Opportunity in Wyoming, MI

      Turnkey restaurant for sale with equipment in Wyoming, MI.
      1760 44Th St SW unit 8A & 8B, Wyoming, MI 49519
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.2 acres with frontage ready for development in Wyoming.
    Where is this commercial land located?
    The property is located at 2780 28Th St SW Wyoming, MI.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: - Prime frontage on 28th St. ready to be developed; - 1.2 acres on the south side of 28th St.; - Future Zoning “Business Parks” and “Commercial and Industrial Infill” which can allow for a wide array of uses
    (616) 443-6506
    Request Owner's contact information
    2780 28Th St SW Wyoming, MI 49519
    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.
    2780 28Th St SW
    Wyoming, MI 49519
    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
    2780 28Th St SW Wyoming, MI 49519
    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
    Kevin Vanhaitsma
    (616) 443-6506
    Learn more
    Google sign-in failed. Please try again or use another login method.