Fully Leased Retail Strip
633 Hooker Road Allegan, MI 49010
633 Hooker Road, Allegan, MI, 49010
$840,000
For Sale
$840,000
7,200 SF fully leased retail strip center for sale.
Property Size7,200 SF
Price / SF$116.67
Days on Market112
Property Features for 633 Hooker Road
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- Retail Investment
Building Details
- Year Built
- 2006
Listing agency
Reichle | Klein Group
(419) 410-3133
Listed by
Ryan Miller · License #2011003129
(419) 410-3133
Source
Rkgcommercial
Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 7,200 square foot retail strip center. The property is currently fully leased.
Key Highlights
- 7,200 SF Retail Strip Center
- Fully Leased
- Built in 2006
Local Financial Insights For Retail
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 | $111.5k | $15.48 |
| − Vacancy | −$4.7k | −$0.65 |
| EGI | $106.8k | $14.83 |
| − OpEx | −$32.0k | −$4.45 |
| NOI | $74.7k | $10.38 |
7,200 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$934.3K – $1.25M
NOI $74,742 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$67.62M
$59.16M – $78.88M
NOI $4,733,081 @ 7.0% cap · market cap 563.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Green Pharm Allegan
(Bike/Boat/Book/etc) Store
Sue LaPonsie Portraits
Photography Service
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - 7,200 SF fully leased retail strip center for sale.
Where is this strip mall located?
The property is located at 633 Hooker Road Allegan, MI.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 7,200 SF Retail Strip Center; Fully Leased; Built in 2006
