12-Suite Professional Office
1850 44th St SW, Wyoming, MI 49519
For Sale
New
$2,495,000
An established office property combines tenant income with options for business occupancy or continued serviced-office operations.
Property Size17,460 SF
Lot Size1.91 Acres
Price / SF$142.90
Days on Market1
Property Features for 1850 44th St SW
General Information
Standard status
Size
Elevators
Lot size
Property subtype
Additional Details
Highway Access
Sprinkler System
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
break room
coffee shop
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Keller Williams Rivertown
Listed By:
Ryan M Prichard · License #6506048360
(616) 295-3632
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:18PM
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 Rivertown
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Investment Insights
Based on property information with market context.
The 12-suite office building contains approximately 17,460 square feet on 1.91 acres. Its shared areas include a professional lobby and waiting area, elevator, break room, and two sets of restrooms. A Vietnamese coffee shop operates in the lobby. Financial, legal, real estate, and wellness businesses occupy the property, which also has on-site management and a working serviced-office operation. Recent improvements include a replacement 7.5-ton rooftop HVAC system, new entrance doors, access control, security cameras, fire-suppression upgrades, and building network infrastructure.
The property is at 1850 44th St SW in Wyoming, Michigan, minutes from US-131 and M-6. It offers on-site parking and potential monument signage along 44th St SW. The building may suit an owner-user, an investor, or an operator continuing the existing office model. The current owner-operator’s lease may be assumable, and some offices may be available through lease takeover or negotiated buyout, subject to landlord and tenant approval.
The property is at 1850 44th St SW in Wyoming, Michigan, minutes from US-131 and M-6. It offers on-site parking and potential monument signage along 44th St SW. The building may suit an owner-user, an investor, or an operator continuing the existing office model. The current owner-operator’s lease may be assumable, and some offices may be available through lease takeover or negotiated buyout, subject to landlord and tenant approval.
Key Highlights
- 12 office suites totaling approximately 17,460 square feet on 1.91 acres
- Occupied by financial, legal, real estate, and wellness businesses, with on‑site management
- Minutes from US‑131 and M‑6; monument signage opportunities on 44th St SW
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,457
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,489,140
$3.5M
Cap Rate 7%
$2,492,243
$2.5M
Cap Rate 9%
$1,938,411
$1.9M
Market Conditions
NOI Build-Up for 17,460 SF
Gross rent
$255.6K $14.64/SF
− Vacancy
−$23.0K −$1.32/SF
EGI
$232.6K $13.32/SF
− OpEx
−$58.2K −$3.33/SF
NOI
$174.5K $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%
$3,489,140
Cap Rate 7%
$2,492,243
Cap Rate 9%
$1,938,411
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.91M
NOI $174,457 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,598 @ 7.0% cap · market cap 8.76%
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
12
Office units
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 49519, MI
28,025
Population
11,693
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
90%
High-School Grad
8.0 sq mi
ZIP Area
3,503
Density / Sq Mi
$75,373
Median Household Income
$39,240
Median Earnings
$1,176
Median Rent
$220,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Kent County, MI
Properties on Market for Office buildings in Kent County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - An established office property combines tenant income with options for business occupancy or continued serviced-office operations.
Where is this office building located?
The property is located at 1850 44th St SW Wyoming, MI.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 12 office suites totaling approximately 17,460 square feet on 1.91 acres; Occupied by financial, legal, real estate, and wellness businesses, with on‑site management; Minutes from US‑131 and M‑6; monument signage opportunities on 44th St SW
