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    Versatile Industrial Space in Muskegon Title is generated by Realmo AI

    2580 S Getty Street, Muskegon, MI 49444

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    Picture of Industrial properties at 2580 S Getty Street, Muskegon, MI
    For Lease
    $5 SF/Yr $11,747/Mo (calc)

    COMMERCIAL - Muskegon, MI

    Property size:
    28,195 SF
    Lot size:
    1.38 Acres
    Added:
    Jun 6, 2024
    Days on Market:
    710
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 2580 S Getty Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Fireplace
    1
    Standard status
    Active
    APN
    6110033300001100
    Size
    28,195 SF
    Lot size
    1.38 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    MUSKEGON CHARTER TOWNSHIP SEC 33 T10N R16W MU-908A; COM AT THE SW COR OF SD SEC 33 TH 68 FT N & 33 FT E OF SW COR OF SEC, TO THE POB TH N 155 FT, TH E 350 FT, TH S 223 FT, TH W 100 FT, TH N 50 FT TH W 200 FT TH NWLY 53.14 FT M/L TO POB SUBJECT TO A ROW FOR RD PURPOSES FOR THAT PART OF SHERMAN BLVD THEREOF, AS DESCRIBED IN A RELEASE OF RIGHT OF WAY RECORDED IN LIBER 168 PAGE 490 SEE ATTACHED.

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Hot Water(Heating), Forced Air

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Matthew Johnson
    Matthew Johnson

    Listing agent Matthew Johnson License #6501384284

    Listing office Greenridge - Nexes 880 W Broadway Ave, Muskegon, MI

    Listing date Jun 6, 2024

    MLS# 24028670

    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.

    HighLights

    • Expansive 30,000 sq ft versatile space suitable for various business operations.
    • Equipped with reliable 3 phase power.
    • Includes office spaces.
    • Customizable with options to divide into smaller spaces.
    • Ideal for fabricators, powder coaters, and storage.
    • Heating: Hot Water and Forced Air.

    Overview

    This commercial property in Muskegon, Michigan, offers 28,195 square feet of versatile space suitable for fabricators, powder coaters, and storage. The facility is equipped with 3-phase power and includes office spaces. Located on a 1.38-acre lot, the property can be customized to suit specific requirements, with options to divide it into smaller spaces. This property presents an opportunity to enhance business operations in a space designed for efficiency and growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    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
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2239934
    Latitude
    43.2052832

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    FAQs

    What type of property is this?
    Industrial property - Expansive facility with customizable space, ideal for various business needs.
    Where is this industrial property located?
    The property is located at 2580 S Getty Street Muskegon, MI.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Expansive 30,000 sq ft versatile space suitable for various business operations.; Equipped with reliable 3 phase power.; Includes office spaces.
    (231) 739-3501
    We can help!
    Listing Contact
    Matthew Johnson
    Matthew Johnson
    Real Estate License ID: 6501384284
    Learn More
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    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
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