Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Horrocks Market Title is generated by Realmo AI

    2300 44th St SE, Kentwood, MI 49508

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercially zoned land with access to multiple roads.

    Type:Land
    Added:
    Aug 21, 2024
    Days on Market:
    649
    Last Refresh:
    May 12 at 11:02 pm

    Property Features for 2300 44th St SE

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Jon Geenen

    Listing agent Jon Geenen License #MI 6501409080

    Listing office Dar Commercial

    Listing date Aug 21, 2024

    Source Crexi

    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 Dar Commercial

    HighLights

    • Commercially zoned land, offering great potential.
    • Located near the corner of 44th and Breton.
    • In front of Horrocks Market strip center.
    • Parcels connect 44th to Countrywood Dr SE.
    • Additional ingress and egress to Breton Rd.
    • Nearby businesses include Tommy’s Carwash, Chase Bank, Scooter’s Coffee.

    Overview

    Commercially zoned land is available near the corner of 44th and Breton, situated in front of the Horrocks Market strip center. The parcels connect from 44th to Countrywood Dr SE, providing additional ingress and egress to Breton Rd. Nearby businesses include Tommy’s Carwash, Chase Bank, and Scooter’s Coffee.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kentwood
    County
    Kent
    State
    Michigan
    Longitude
    -85.608183
    Latitude
    42.883257

    Nearby Similar for Sale

    • $365,000
      2,920 SF

      Retail Building with Apartment Above

      High-traffic location with excellent exposure and ample parking.
      4354 Division Avenue S, Kentwood, MI 49548
      View Details
    • $495,000

      Kentwood Duplex: Turnkey Investment Property

      Meticulously renovated duplex generating immediate cash flow in Kentwood, MI.
      418 56th Street SE, Kentwood, MI 49548
      View Details
    • $130,000

      Residential Land in Kentwood, MI

      0.22-acre corner lot ready for your dream home.
      3026 Arbor Lane SE, Kentwood, MI 49512
      View Details
    • $3,990,000
      9,500 SF

      Retail Investment Near Woodland Mall

      Retail space with high visibility and ample parking.
      3094 28th St SE, Kentwood, MI 49512
      View Details
    • $375,000

      Kentwood Two-Unit Income Property

      Versatile two-unit property in Kentwood, offering immediate rental income.
      3209-3211 Coach Lane SE, Kentwood, MI 49512
      View Details
    • $159,900

      Kentwood Land with Creek Frontage

      1.8 acres in Kentwood with private frontage on Plaster Creek.
      3473 Breezewood Court SE, Kentwood, MI 49512
      View Details
    • $350,000

      Kentwood Duplex: Investor Opportunity

      Well-maintained duplex in Kentwood with two units and large yard.
      1735-1737 Sunny Creek St SE, Kentwood, MI 49508
      View Details
    • $495,000

      Turnkey Duplex with Rental Income

      Meticulously renovated duplex generating income, ideal for investors or owner-occupants.
      418 56th St SE, Kentwood, MI 49548
      View Details
    • $3,950,000
      17,787 SF

      Former Retail Space on Corner

      Former retail space on a lighted corner intersection available for sale.
      Kentwood, MI 49508
      View Details
    • $3,495,000

      Retail Space Near Woodland Mall

      Retail space with ample parking across from Woodland Mall.
      3094 28th Street SE, Kentwood, MI 49512
      View Details
    • $160,000

      Residential Lot in Kentwood, MI

      Residential lot in Kentwood School District with utilities in place.
      5575 Black Berry Bluff SE, Kentwood, MI 49512
      View Details
    • $135,000

      Residential Lot in Kentwood, MI

      Ready-to-build lot with utilities and lasting privacy.
      3044 Arbor Creek Avenue SE, Kentwood, MI 49512
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercially zoned land with access to multiple roads.
    Where is this commercial land located?
    The property is located at 2300 44th St SE Kentwood, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Commercially zoned land, offering great potential.; Located near the corner of 44th and Breton.; In front of Horrocks Market strip center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jon Geenen
    Real Estate License ID: MI 6501409080
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2300 44th St SE, Kentwood, MI 49508
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!