Technology-Enabled Office
For Sale
$1,250,000
1416 44th Street Southwest, Wyoming, MI 49509
Modern, move-in ready office layout with private offices, meeting space, and open workstations for flexible business use.
Property Size8,183 SF
Days on Market1220
Property Features for 1416 44th Street Southwest
General Information
Standard status
Active
Size
8,183 SF
Property subtype
OFC
Building Details
Building Size
8,183 SF
Year Built
1998
Listing Agency:
Keller Williams GR East - Commercial
Listed By:
Jason Carpenter · License #6502430921
(616) 334-2630
Source:
Realnex
Added: Jun 27, 2023
Changed: Aug 14
Last Checked: Oct 28 at 7:56AM
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 Keller Williams GR East - Commercial
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Investment Insights
Based on property information with market context.
This modern, technology-enabled office building is designed for a range of day-to-day business operations. The space includes private offices along with conference and meeting rooms, supplemented by collaborative workspaces and open workstation areas. The overall configuration supports both focused work and group meetings, making it adaptable for multiple office functions.
The property is positioned in a convenient and highly accessible location. The building is presented as move-in ready, which can help reduce the time and disruption associated with getting started.
Suitability is broad based on the existing layout and technology-enabled design. It can fit technology users, medical and dental operations, professional services, and call center or administrative teams that need a mix of private work areas and shared meeting space. The open workstation component also supports logistics and other administrative workflows where teams collaborate while maintaining access to dedicated areas for individual responsibilities.
The property is positioned in a convenient and highly accessible location. The building is presented as move-in ready, which can help reduce the time and disruption associated with getting started.
Suitability is broad based on the existing layout and technology-enabled design. It can fit technology users, medical and dental operations, professional services, and call center or administrative teams that need a mix of private work areas and shared meeting space. The open workstation component also supports logistics and other administrative workflows where teams collaborate while maintaining access to dedicated areas for individual responsibilities.
Key Highlights
- Year built: 1998
- Move‑in ready office space with private offices, conference/meeting rooms, and open workstation areas
- Technology‑enabled office environment with collaborative workspaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,763
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,635,260
$1.6M
Cap Rate 7%
$1,168,043
$1.2M
Cap Rate 9%
$908,478
$908.5K
Market Conditions
NOI Build-Up for 8,183 SF
Gross rent
$119.8K $14.64/SF
− Vacancy
−$10.8K −$1.32/SF
EGI
$109.0K $13.32/SF
− OpEx
−$27.3K −$3.33/SF
NOI
$81.8K $9.99/SF
Area
Kent County, MI
Vacancy
9.00%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,635,260
Cap Rate 7%
$1,168,043
Cap Rate 9%
$908,478
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,763 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,451 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
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Business Placement
Demographics for 49509, MI
28,340
Population
10,611
Households
2.7
Avg Household Size
34
Median Age
19%
College-Educated
85%
High-School Grad
7.3 sq mi
ZIP Area
3,882
Density / Sq Mi
$64,981
Median Household Income
$38,356
Median Earnings
$983
Median Rent
$183,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Modern, move-in ready office layout with private offices, meeting space, and open workstations for flexible business use.
Where is this office building located?
The property is located at 1416 44th Street Southwest Wyoming, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Year built: 1998; Move‑in ready office space with private offices, conference/meeting rooms, and open workstation areas; Technology‑enabled office environment with collaborative workspaces
