Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Industrial Property with Parking Title is generated by Realmo AI

    2823 Clydon Ave SW, Wyoming, MI 49519

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Remodeled industrial property with warehouse, office, and ample parking.

    Type:Office, Industrial
    Property size:
    8,500 SF
    Lot size:
    0.70 Acres
    Added:
    Jul 13, 2021
    Days on Market:
    1765
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 2823 Clydon Ave SW

    General Information

    Standard status
    Active
    Size
    8,500 SF
    Lot size
    0.70 Acres
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1967

    Spaces For Lease

    at 2823 Clydon Ave SW Contact us

    Available Space $5 /Mo

    Size
    8,560 SF
    Type
    Office, Industrial
    Contact us

    We can help!

    Listing Contact
    Kevin Vanhaitsma
    Kevin Vanhaitsma

    Listing agent Kevin Vanhaitsma License #MI 6501392260

    Listing office Bradley Company Grand Rapids

    Listing date Jul 13, 2021

    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 Bradley Company Grand Rapids

    HighLights

    • Easy access to US‑131 and I‑196.
    • Newly remodeled 8,500sf industrial building.
    • .7 acre lot with plenty of parking.
    • Renovated office space.
    • Warehouse space with overhead door.
    • Stand alone building.

    Overview

    This newly remodeled stand alone industrial property is located just one building south of 28th Street near Byron Center Avenue, providing convenient access to both US-131 and I-196. The 8,500 square foot building features renovated office space and ample warehouse space in the back. Situated on a 0.7 acre lot, the property offers plenty of parking. This property is suitable for a service company requiring small office space, an overhead door, warehouse space, outdoor parking, and easy highway access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GR Electric Inc Electrical Service Big Brother Moving ... Moving Company

    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.

    Similar Places Nearby

    • The Borrowed Chef LLC — 3281 30th St SW, Grandville, MI 49418

    Location Insight

    • Map
    • Local Demand
    City
    Wyoming
    County
    Kent
    State
    Michigan
    Longitude
    -85.732248
    Latitude
    42.9128302

    Nearby Similar for Lease

    • $3,208/Mo

      Versatile Commercial Space For Rent

      3,300+ sqft commercial space with high visibility and accessibility.
      2290 28th St SW, Wyoming, MI
      View Details
    • $13 SF/Yr

      Retail and Office Space Available

      Retail and office spaces for lease in high-traffic Wyoming center.
      1851 44th St. SW, Wyoming, MI 49519
      View Details
    • Contact for pricing

      Versatile Flex Building in Wyoming

      New construction flex space suitable for various business operations.
      923 Barnum St SW, Wyoming, MI 49509
      View Details
    • $16 SF/Yr

      Freestanding Medical Office Building

      10,577 SF medical office space for lease in Wyoming.
      5311 Clyde Park Avenue SW, Wyoming, MI 49509
      View Details
    • Contact for pricing

      Wyoming Industrial Facility For Lease

      33,000 SF industrial facility with high ceilings and versatile capabilities.
      2505 Thornwood Street Southwest, Wyoming, MI 49519
      View Details
    • Contact for pricing

      Industrial/Flex Suite Available for Lease

      Class A industrial/flex suite with loading dock and drive-in door.
      1575 Gezon Pkwy SW, Wyoming, MI 49509
      View Details
    • Contact for pricing

      Modern Wyoming Office Space Available

      Recently renovated office space with technology infrastructure for rent.
      1416 44th Street Southwest, Wyoming, MI 49509
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces ranging from 1,013 to 50,000 square feet.
      950 28th St SW, Wyoming, MI 49509
      View Details
    • Contact for pricing

      Wyoming Flex Space with Offices

      Flex spaces with office and warehouse components near US-131.
      3516 Roger B Chaffee Blvd SE, Wyoming, MI 49548
      View Details
    • Contact for pricing

      Retail Space in Metro Health

      Retail space available in Metro Health Village, Wyoming, Michigan.
      2304 S. Main St, Wyoming, MI 49519
      View Details
    • Contact for pricing

      Prime Retail Space on Clyde Park

      Street-level retail space in high-traffic Wyoming corridor.
      744 36th St SW, Wyoming, MI 49509
      View Details
    • Contact for pricing

      Industrial Space for Lease

      Industrial property with income potential and recent roof updates.
      3729 Linden Ave SE, Wyoming, MI 49548
      View Details

    FAQs

    What type of property is this?
    Flex space - Remodeled industrial property with warehouse, office, and ample parking.
    Where is this flex space located?
    The property is located at 2823 Clydon Ave SW Wyoming, MI.
    What are key features of this property?
    This property features: Easy access to US‑131 and I‑196.; Newly remodeled 8,500sf industrial building.; .7 acre lot with plenty of parking.
    (616) 443-6506 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kevin Vanhaitsma
    Kevin Vanhaitsma
    Real Estate License ID: MI 6501392260
    Learn More
    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
    2823 Clydon Ave SW, Wyoming, MI 49519
    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!