Automotive Property with
For Sale
$119,900
2184 S Getty Street, Muskegon, MI 49444
Commercial Sale, Muskegon, MI
Property Size720 SF
Lot Size0.24 Acres
Price / SF$166.53
Days on Market223
Property Features for 2184 S Getty Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Muskegon
Middle school district
Muskegon
High school district
Muskegon
Directions
Sherman E to Getty N
Standard status
Active
APN
24-860-000-0013-00
Size
720 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF MUSKEGON WELWORTH LOTS 13 & 14
Tax Annual Amount
1255
Legal Description
CITY OF MUSKEGON WELWORTH LOTS 13 & 14
Utilities
Utilities
Cable Available
Amenities
restroom
lobby
office
one stall garage
new windows
new doors
updated bathroom
new business sign
Building Details
Year built
1974
Number of units
1
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Coldwell Banker Woodland Schmidt ART Office
(616) 772-5478
Listed By:
Cristi Brophy · License #6501372915
(616) 901-7556
Added: Feb 4
Changed: Sep 7
Last Checked: Sep 15 at 6:06AM
MLS# 26004027
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.
Investment Insights
Based on property information with market context.
This 720-square-foot automotive property includes a lobby, office, restroom, and one-stall garage. The 1974 building has wood siding and a composition roof, with improvements that include new windows, doors, flooring, an updated bathroom, and a new business sign. Broadband and cable availability are also noted.
The property occupies 0.24 acres at 2184 S Getty Street in Muskegon, Michigan. Parking is positioned at the front, side, and rear of the building. The site has previously operated as a used car lot, and the building’s layout supports automotive-oriented commercial use.
The property occupies 0.24 acres at 2184 S Getty Street in Muskegon, Michigan. Parking is positioned at the front, side, and rear of the building. The site has previously operated as a used car lot, and the building’s layout supports automotive-oriented commercial use.
Key Highlights
- 720‑square‑foot automotive property on 0.24 acres
- One‑stall garage with lobby, office, and restroom
- Remodeled with new windows, doors, flooring, and updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,307
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$186,140
$186.1K
Cap Rate 7%
$132,957
$133.0K
Cap Rate 9%
$103,411
$103.4K
Market Conditions
NOI Build-Up for 720 SF
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.
Gross rent
$13.7K $18.96/SF
− Vacancy
−$355 −$0.49/SF
EGI
$13.3K $18.47/SF
− OpEx
−$4.0K −$5.54/SF
NOI
$9.3K $12.93/SF
Area
Muskegon County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$186,140
Cap Rate 7%
$132,957
Cap Rate 9%
$103,411
Alternative Uses
Best Use
Retail
$133.0K
$116.3K – $155.1K
NOI $9,307 @ 7.0% cap · market cap 7.76%
Second Best
Industrial
$98.7K
$86.3K – $115.1K
NOI $6,906 @ 7.0% cap · market cap 5.76%
Theoretical Best
Hotel Hospitality
$6.76M
$5.92M – $7.89M
NOI $473,308 @ 7.0% cap · market cap 394.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
4,624 visits/mo
0.3 miles
Demographics for 49444, MI
26,281
Population
11,635
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
1,064
Density / Sq Mi
$52,143
Median Household Income
$34,423
Median Earnings
$941
Median Rent
$159,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Remodeled commercial space with an office, lobby, restroom, and parking surrounding the building.
Where is this automotive property located?
The property is located at 2184 S Getty Street Muskegon, MI.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 720‑square‑foot automotive property on 0.24 acres; One‑stall garage with lobby, office, and restroom; Remodeled with new windows, doors, flooring, and updated bathroom
