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    Two-Suite Office Building Title is generated by Realmo AI

    3044 Glade Street, Muskegon, MI 49444

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    Claim this Listing
    Pending
    $10 SF/Yr $4,400/Mo (calc)

    COMMERCIAL - Muskegon, MI

    Type:Office
    Property size:
    5,280 SF
    Lot size:
    0.57 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    43
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 3044 Glade Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Driveway
    Fireplace
    1
    Standard status
    Pending
    APN
    26-310-000-0046-00
    Size
    5,280 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HT4932 FAIRFIELD'S ADD'N LOTS 46 TO 50 INC

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    William E Carlston

    Listing agent William E Carlston License #6506021186

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

    Listing date Apr 24, 2026

    MLS# 26017782

    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

    • High‑visibility location on Seaway Drive with approximately 25,000 vehicles per day
    • Move‑in‑ready, fully remodeled exterior including Hardie siding, new windows, roof, HVAC, flooring, lighting, insulation, and parking lot improvements
    • Approximately 5,560 square feet configured as two suites (3,089 SF and 2,471 SF) with the flexibility to combine
    • Energy‑efficient space suitable for medical, retail, or professional office use
    • Features fiber internet, a high‑speed wired network, and LED lighting
    • ADA compliant with front and rear entrances, large parking area, and security cameras

    Overview

    This well-maintained, move-in-ready commercial building is currently configured as two separate office suites that can also be combined into a single unit. Suite A is 3,089 SF and Suite B is 2,471 SF, totaling approximately 5,560 SF. The property includes fiber internet and a high-speed wired network, LED lighting, front and rear entrances, and a mechanical room. It is ADA compliant and features separate gas and electric meters. Security cameras are installed inside and out.

    The building is located on Seaway Drive with high visibility and estimated exposure of 25,000 vehicles per day. It offers a large parking area with professional landscaping and irrigation, supporting straightforward customer and employee access.

    The layout and recent improvements make the space practical for a range of professional uses, including medical, retail, or office operations, depending on tenant needs. With front and rear access, updated building components, and the ability to lease as one or two suites, this property can accommodate both single-tenant and multi-tenant scenarios. Buyer and buyer’s agent should verify all information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.259386
    Latitude
    43.196639

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    FAQs

    What type of property is this?
    Office building - Move-in-ready two-suite office with optional single-tenant layout, ADA compliance, and updated exterior systems.
    Where is this office building located?
    The property is located at 3044 Glade Street Muskegon, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on Seaway Drive with approximately 25,000 vehicles per day; **Move‑in‑ready**, fully remodeled exterior including Hardie siding, new windows, roof, HVAC, flooring, lighting, insulation, and parking lot improvements; Approximately 5,560 square feet configured as two suites (3,089 SF and 2,471 SF) with the flexibility to combine
    (231) 739-3501
    We can help!
    Listing Contact
    William E Carlston
    Real Estate License ID: 6506021186
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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.

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