Office Building For
For Sale
Contact for pricing
3012 Shaffer Ave SE, Kentwood, MI 49512
Office building offered for sale at 3012 Shaffer Ave SE in Kentwood, Michigan.
Property Size9,988 SF
Price / SF$0.00
Days on Market213
Property Features for 3012 Shaffer Ave SE
General Information
Standard status
Active
Size
9,988 SF
Total Parking Spaces
10
Property subtype
Retail
Zoning
C2
Lease Type
NNN
Amenities
Power
Water
Sewer
Natural Gas
Drive-Thru
Vacant
10 Parking Spaces
Building Details
Year Built
1975
Listing Agency:
Signature Associates
Listed By:
Joe Rizqallah
(616) 235-6007
Source:
Carwm.resimplifi
Added: Mar 24
Changed: Oct 9
Last Checked: Oct 20 at 5:10PM
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 Signature Associates
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Investment Insights
Based on property information with market context.
This is a for-sale office building at 3012 Shaffer Ave SE in Kentwood, Michigan. The property is marketed under office building and office space categories, making it suitable for users seeking an established commercial office asset.
The listing provides the property’s address for access and due diligence purposes. No additional details on unit configuration, size, condition, or improvements were included in the provided information.
Interested parties should review the building details directly with the listing team to confirm layout and suitability for intended office use.
The listing provides the property’s address for access and due diligence purposes. No additional details on unit configuration, size, condition, or improvements were included in the provided information.
Interested parties should review the building details directly with the listing team to confirm layout and suitability for intended office use.
Key Highlights
- Office building built in 1975
- For sale at 3012 Shaffer Ave SE in Kentwood, Michigan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,798
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,995,960
$2.0M
Cap Rate 7%
$1,425,686
$1.4M
Cap Rate 9%
$1,108,867
$1.1M
Market Conditions
NOI Build-Up for 9,988 SF
Gross rent
$146.2K $14.64/SF
− Vacancy
−$13.2K −$1.32/SF
EGI
$133.1K $13.32/SF
− OpEx
−$33.3K −$3.33/SF
NOI
$99.8K $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%
$1,995,960
Cap Rate 7%
$1,425,686
Cap Rate 9%
$1,108,867
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.66M
NOI $99,798 @ 7.0% cap · market cap 555,668.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,049 @ 7.0% cap · market cap 696,263.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 49512, MI
18,558
Population
8,870
Households
2.1
Avg Household Size
33
Median Age
38%
College-Educated
91%
High-School Grad
23.0 sq mi
ZIP Area
807
Density / Sq Mi
$70,955
Median Household Income
$41,538
Median Earnings
$1,229
Median Rent
$279,900
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale at 3012 Shaffer Ave SE in Kentwood, Michigan.
Where is this office building located?
The property is located at 3012 Shaffer Ave SE Kentwood, MI.
What are key features of this property?
This property features: Office building built in 1975; For sale at 3012 Shaffer Ave SE in Kentwood, Michigan
