Flex Space with Lower-Level
1623 Berkley Avenue SW, Wyoming, MI 49509
For Sale
$335,000
Commercial Sale, Wyoming, MI
Property Size1,344 SF
Lot Size0.29 Acres
Price / SF$249.26
Days on Market47
Property Features for 1623 Berkley Avenue SW
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Amenities
lower-level storage
480V electrical service
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Keller Williams GR North · Keller Williams Realty
(616) 447-9100
Listed By:
Margaux Drake
(616) 262-4692
Added: Sep 25
Changed: Oct 5
Last Checked: Nov 10 at 10:06AM
MLS# 26051326
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,344-square-foot flex property occupies a 0.29-acre parcel and includes lower-level storage. Built in 1948, the building has forced-air heat, central air, a metal roof and cable availability. It previously served as a dairy and creamery, and 480V electrical service is in place.
Commercial use is approved on a nonconforming basis associated with B-2. The City has indicated that conversion to a single-family or two-family residence may be possible, subject to applicable building codes and requirements. Intended use should be verified with the City.
Commercial use is approved on a nonconforming basis associated with B-2. The City has indicated that conversion to a single-family or two-family residence may be possible, subject to applicable building codes and requirements. Intended use should be verified with the City.
Key Highlights
- 1,344‑square‑foot building on a 0.29‑acre parcel
- 480V electrical service
- Lower‑level storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,429
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,580
$268.6K
Cap Rate 7%
$191,843
$191.8K
Cap Rate 9%
$149,211
$149.2K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$19.7K $14.64/SF
− Vacancy
−$1.8K −$1.32/SF
EGI
$17.9K $13.32/SF
− OpEx
−$4.5K −$3.33/SF
NOI
$13.4K $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%
$268,580
Cap Rate 7%
$191,843
Cap Rate 9%
$149,211
Alternative Uses
Best Use
Office B
$191.8K
$167.9K – $223.8K
NOI $13,429 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$89.8K
$78.6K – $104.8K
NOI $6,285 @ 7.0% cap · market cap 1.88%
Theoretical Best
Office A
$240.4K
$210.3K – $280.5K
NOI $16,827 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Kent County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Crepes by the Lakes - Food Truck — 1355 Judd Ave SW SW #1020, Wyoming, MI 49509
- Pizza Parliament - Food Truck — 1355 Judd Ave SW, Wyoming, MI 49509
Frequently Asked Questions
What type of property is this?
Flex space - A 1948 property offers 480V electrical service and commercial use under nonconforming approval associated with B-2.
Where is this flex space located?
The property is located at 1623 Berkley Avenue SW Wyoming, MI.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,344‑square‑foot building on a 0.29‑acre parcel; 480V electrical service; Lower‑level storage
