10178 Northland NE Drive, Rockford, MI 49341
Commercial space in Rockford with high traffic and great potential.
- Added:
- Feb 23, 2025
- Days on Market:
- 476
- Last Refresh:
- May 20 at 1:15 am
Property Features for 10178 Northland NE Drive
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.66 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1968
Listing agent Erica R Vorpi License #6501430705 (616) 481-7857
Listing office Greenridge Realty (Summit) (616) 481-7857
Listing date Feb 23, 2025
Source Exitrealty
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 Greenridge Realty (Summit)
HighLights
- High traffic location: Over 14,000 vehicles pass by daily.
- Large office space: Nearly 1800 sq ft with 3‑5 offices, kitchen, reception, waiting room, and bathroom.
- Significant land: .66 acres including paved parking.
- Multiple outbuildings: Carport, 2‑stall detached garage, and shed.
- First time on the market in 40 years.
- Established building: Built in 1968.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $14.64 |
| − Vacancy | −$2.4k | −$1.32 |
| EGI | $24.0k | $13.32 |
| − OpEx | −$6.0k | −$3.33 |
| NOI | $18.0k | $9.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Kent
- State
- Michigan
- Longitude
- -85.5481
- Latitude
- 43.1525