Corner Warehouse
For Sale
$500,000
335 Lexington Ave NW, Grand Rapids, MI 49504
Warehouse property positioned at a prominent street intersection.
Property Size3,243 SF
Price / SF$154.18
Days on Market227
Property Features for 335 Lexington Ave NW
General Information
Standard status
Active
Size
3,243 SF
Property subtype
Industrial
Zoning
TN-TBA
Additional Details
Road Access
Yes
Listing Agency:
Signature Associates
Listed By:
Joe Rizqallah
(616) 235-6007
Source:
Carwm.resimplifi
Added: Mar 5
Changed: Oct 1
Last Checked: Oct 16 at 5:46AM
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 warehouse property contains 3,243 square feet and is located at 335 Lexington Ave NW. The building occupies the corner of Lexington Street and Douglas Avenue in Grand Rapids, Michigan.
Key Highlights
- 3,243‑square‑foot warehouse property
- Corner location at Lexington Street and Douglas Avenue
- 335 Lexington Ave NW, Grand Rapids, MI 49504
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,612
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,240
$792.2K
Cap Rate 7%
$565,886
$565.9K
Cap Rate 9%
$440,133
$440.1K
Market Conditions
NOI Build-Up for 3,243 SF
Gross rent
$48.6K $15.00/SF
− Vacancy
−$2.0K −$0.63/SF
EGI
$46.6K $14.37/SF
− OpEx
−$7.0K −$2.16/SF
NOI
$39.6K $12.21/SF
Area
Grand Rapids, MI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,240
Cap Rate 7%
$565,886
Cap Rate 9%
$440,133
Alternative Uses
Best Use
Warehouse
$565.9K
$495.2K – $660.2K
NOI $39,612 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$752.6K
$658.5K – $878.1K
NOI $52,683 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,206
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Self Storage — 55 Division Ave N, Grand Rapids, MI 49503
- ESJ Certified Solutions — 321 Pine Ave NW, Grand Rapids, MI 49504
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property positioned at a prominent street intersection.
Where is this warehouse located?
The property is located at 335 Lexington Ave NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,243‑square‑foot warehouse property; Corner location at Lexington Street and Douglas Avenue; 335 Lexington Ave NW, Grand Rapids, MI 49504
