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

    8506 Division Ct SE Byron Center, MI 49315

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8 SF/Yr

    1.73 acre commercial land near Tanger Outlets.

    Lot size:
    1.73 Acres

    Property Features for 8506 Division Ct SE

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.73 Acres

    We can help!

    Listing Contact
    Brian D Silvernail
    Brian D Silvernail
    Source: Elliman

    Listing Agency: VENTURE REAL ESTATE GROUP Listing Agent: Brian D Silvernail

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

    Learn more

    Overview

    Commercial Land Near Tanger Outlets

    This 1.73-acre commercial land is master planned for commercial use. Township Planner and Zoning Administrator indicated support for rezoning to commercial for the right commercial user, allowing for a maximum building size of approximately 9500 square feet. Alternatively, rezoning to RS - Suburban-Residential could allow for up to two separate duplex lots and one single-family lot. Sewer access is immediately north of the property. High-pressure water runs in Division. The county has indicated they will grant a curb cut onto Division Avenue, including paying to T off Division Ct with Division on the north end by an easement to them. The property is located near Tanger Outlets, which attracts 4 million visitors per year. The lease term is one year.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Skin Care Clinic Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Byron Center
    County
    Kent
    State
    Michigan
    Longitude
    -85.663795
    Latitude
    42.809753

    Nearby Similar for Lease

    • $10 SF/Yr
      9,844 SF

      Byron Center Industrial/Office Suite

      9,844 SF industrial/office space near US-131.
      7343 Ardith Ct SW, Byron Center, MI 49315
      View Details
    • $8 SF/Yr

      Retail Space Near US-131

      Class B retail space in a busy shopping center.
      701 68Th St SW, Byron Center, MI 49315
      View Details
    • Contact for pricing

      Cross-Dock Facility with Repair Shop

      Cross-dock facility with repair shop available for lease.
      10151 Division Ave S, Byron Center, MI 49315
      View Details
    • $14 SF/Yr
      83,490 SF

      Byron Center Cross Dock Facility

      83,490 SF Industrial Distribution Center
      10151 Division Ave, Byron Center, MI 49315
      View Details
    • Contact for pricing

      Retail Space in Byron Center

      Class B retail space available in a busy retail center.
      701 68Th St SW, Byron Center, MI 49315
      View Details
    • Contact for pricing

      Move-In Ready Industrial Space

      Industrial space available for lease with modern amenities.
      1250 60Th St SW, Byron Center, MI 49315
      View Details
    • Contact for pricing

      Executive Office Space For Lease

      Executive office space near US-131 and 100th Street Exit.
      395 100Th St SW, Byron Center, MI 49315
      View Details
    • Contact for pricing

      Office Space Near Tanger Outlet

      Sublease office space with shared amenities near US-131.
      8535 Byron Commerce Dr SW, Byron Center, MI 49315
      View Details
    • Contact for pricing

      New Class A Office Building

      Newly constructed office building near M-6/Byron Center interchange.
      6500 Byron Center Ave SW, Byron Center, MI 49315
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.73 acre commercial land near Tanger Outlets.
    Where is this commercial land located?
    The property is located at 8506 Division Ct SE Byron Center, MI.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Potential for commercial rezoning supported by Township Planner and Zoning Administrator.; - Proximity to Tanger Outlets, attracting **4 million visitors annually.**; - County approval for a curb cut onto Division Avenue, including payment for T-off Division Ct.
    (616) 437-1883
    Request Owner's contact information
    8506 Division Ct SE Byron Center, MI 49315
    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.
    8506 Division Ct SE
    Byron Center, MI 49315
    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
    8506 Division Ct SE Byron Center, MI 49315
    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
    Brian D Silvernail
    Brian D Silvernail
    Real Estate License ID: 6501229897
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!