Renovated Manufacturing
For Sale
$5,775,000
3881 N Greenbrooke Dr SE, Kentwood, MI 49512
I1-zoned facility with climate-controlled manufacturing space and upgraded water, drainage, electrical, and mechanical systems.
Property Size53,341 SF
Price / SF$108.27
Days on Market561
Property Features for 3881 N Greenbrooke Dr SE
General Information
Standard status
Active
Size
53,341 SF
Total Parking Spaces
103
Property subtype
Industrial
Zoning
I1
Additional Details
Voltage
480 V
Amenities
Reverse Osmosis Water Filtration System
In-floor Drainage
103 Parking Spaces
Building Details
Year Built
1996
Year Renovated
2021
Building Size
53,341 SF
Listing Agency:
Bradley Company
Listed By:
R. Grooters
(951) 733-3833
Source:
Carwm.resimplifi
Added: Apr 4, 2025
Changed: Oct 11
Last Checked: Oct 16 at 5:55AM
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 Bradley Company
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Investment Insights
Based on property information with market context.
This 53,341-square-foot manufacturing facility was built in 1996 and renovated in 2021. The property includes a climate-controlled manufacturing floor supported by 430 MBH capacity, reverse osmosis water filtration, in-floor drainage, and 480V outlets positioned on nearly every column. Existing infrastructure and mechanical upgrades are functioning and support a versatile industrial configuration.
The facility is located at 3881 N Greenbrooke Dr SE in Kentwood, within the Grand Rapids Airport Industrial Market. I1 zoning is in place, and the property’s location is positioned for logistics and transportation access. The front elevation provides a finished headquarters presence alongside the manufacturing improvements.
The facility is located at 3881 N Greenbrooke Dr SE in Kentwood, within the Grand Rapids Airport Industrial Market. I1 zoning is in place, and the property’s location is positioned for logistics and transportation access. The front elevation provides a finished headquarters presence alongside the manufacturing improvements.
Key Highlights
- 53,341‑square‑foot manufacturing facility renovated in 2021
- Climate‑controlled manufacturing floor with 430 MBH capacity
- Reverse osmosis water filtration system and in‑floor drainage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,440
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,988,800
$5.0M
Cap Rate 7%
$3,563,429
$3.6M
Cap Rate 9%
$2,771,556
$2.8M
Market Conditions
NOI Build-Up for 53,341 SF
Gross rent
$367.0K $6.88/SF
− Vacancy
−$10.6K −$0.20/SF
EGI
$356.3K $6.68/SF
− OpEx
−$106.9K −$2.00/SF
NOI
$249.4K $4.68/SF
Area
Kent County, MI
Vacancy
2.90%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,988,800
Cap Rate 7%
$3,563,429
Cap Rate 9%
$2,771,556
Alternative Uses
Best Use
Industrial
$3.56M
$3.12M – $4.16M
NOI $249,440 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.54M
$8.35M – $11.13M
NOI $667,826 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 49512, MI
18,558
Population
8,870
Households
2.1
Avg Household Size
33
Median Age
38%
College-Educated
91%
High-School Grad
23.0 sq mi
ZIP Area
807
Density / Sq Mi
$70,955
Median Household Income
$41,538
Median Earnings
$1,229
Median Rent
$279,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - I1-zoned facility with climate-controlled manufacturing space and upgraded water, drainage, electrical, and mechanical systems.
Where is this manufacturing property located?
The property is located at 3881 N Greenbrooke Dr SE Kentwood, MI.
What is the asking price?
The asking price for this property is $5,775,000.
What are key features of this property?
This property features: 53,341‑square‑foot manufacturing facility renovated in 2021; Climate‑controlled manufacturing floor with 430 MBH capacity; Reverse osmosis water filtration system and in‑floor drainage
