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    Climate-Controlled Flex Warehouse Building Title is generated by Realmo AI

    3100 Walker Ridge Dr NW, Grand Rapids, MI 49544

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    Climate-controlled flex, warehouse, and office space suited for specialty users requiring an all-season interior environment.

    Type:Industrial, Mixed Use, Office
    Property size:
    179,506 SF
    Lot size:
    10.80 Acres
    Price / SF:
    $62/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 3:15 am

    Property Features for 3100 Walker Ridge Dr NW

    General Information

    Standard status
    Active
    Size
    179,506 SF
    Lot size
    10.80 Acres
    Property subtype
    Industrial, Mixed Use, Office

    We can help!

    Listing Contact
    Geoffrey Meekhoff

    Listing agent Geoffrey Meekhoff License #MI 6506048835

    Listing office CBRE

    Listing date Jun 2, 2026

    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 CBRE

    HighLights

    • 179,506 total SF press building on 10.8 acres at 3100 Walker Ridge, Walker, MI
    • All 179,506 SF is heated and climate controlled
    • Warehouse, flex, and office space mix designed for specialty users
    • 100% of the property to be covered by a new 3‑year NNN lease signed at close
    • NNN lease starts below market with no options, per the provided terms
    • Lease includes take‑back provisions to allow landlord backfill and replacement at higher rents, per the provided terms

    Overview

    The Press Building is a 179,506-square-foot facility on 10.8 acres, with 100% climate control throughout. The property combines warehouse, flex, and office space into one integrated building, all heated and cooled, and it features an over-engineered structure designed to support a range of space needs.

    Located at 3100 Walker Ridge Dr NW in Walker, MI, the property is offered for sale as a leased investment. At closing, the current owner will sign a new 3-year NNN lease covering 100% of the building. The lease also includes take-back provisions.

    For tenants and operators, the mix of warehouse, flex, and office space within an all-climate-controlled environment can support businesses that need more than a single-use layout. The presence of heated and cooled space throughout may be particularly useful for operations that require consistent interior conditions, while the over-engineered structure can accommodate a variety of specialty build-outs. For buyers, the in-place NNN structure and included take-back provisions provide a defined lease term with specified rights for future re-tenanting.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Gym & Fitness Center Department Store Kitchen & Bath Showroom Accounting Firm Storage Facility

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

    Similar Places Nearby

    • City Pours — 3509 3 Mile Rd NW STE 1, Grand Rapids, MI 49534

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.7467951
    Latitude
    43.0192352

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    FAQs

    What type of property is this?
    Flex space - Climate-controlled flex, warehouse, and office space suited for specialty users requiring an all-season interior environment.
    Where is this flex space located?
    The property is located at 3100 Walker Ridge Dr NW Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $11,200,000.
    What are key features of this property?
    This property features: 179,506 total SF press building on 10.8 acres at 3100 Walker Ridge, Walker, MI; All 179,506 SF is heated and climate controlled; Warehouse, flex, and office space mix designed for specialty users
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Geoffrey Meekhoff
    Real Estate License ID: MI 6506048835
    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.

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    3100 Walker Ridge Dr NW, Grand Rapids, MI 49544
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