Professional Office
For Sale
Contact for pricing
4020 E Beltline Ave NE, Grand Rapids, MI 49525
Established office condominium with a substantial commercial footprint and O zoning.
Property Size10,000 SF
Price / SF$0.00
Days on Market228
Property Features for 4020 E Beltline Ave NE
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Office
Zoning
O
Lease Type
Modified Gross
Amenities
Power
Water
Sewer
Vacant
Building Details
Year Built
2005
Tenancy
Single Tenant
Listing Agency:
Colliers - Grand Rapids
Listed By:
Scott Morgan · License #6502112210
(616) 292-3455
Source:
Carwm.resimplifi
Added: Mar 3
Changed: Oct 10
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 Colliers - Grand Rapids
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium provides 10,000 square feet of professional office space within a 2005-built commercial property. The asset is located at 4020 E Beltline Ave NE in Grand Rapids, Michigan, and carries O zoning for office-oriented use.
Key Highlights
- 10,000 SF office condominium
- Built in 2005
- O zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,465
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,869,300
$1.9M
Cap Rate 7%
$1,335,214
$1.3M
Cap Rate 9%
$1,038,500
$1.0M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$160.8K $16.08/SF
− Vacancy
−$36.2K −$3.62/SF
EGI
$124.6K $12.46/SF
− OpEx
−$31.2K −$3.12/SF
NOI
$93.5K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,869,300
Cap Rate 7%
$1,335,214
Cap Rate 9%
$1,038,500
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,465 @ 7.0% cap · market cap 397,723.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,450 @ 7.0% cap · market cap 691,276.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 49525, MI
30,275
Population
12,577
Households
2.4
Avg Household Size
39
Median Age
49%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
1,294
Density / Sq Mi
$87,969
Median Household Income
$45,740
Median Earnings
$1,335
Median Rent
$292,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Established office condominium with a substantial commercial footprint and O zoning.
Where is this office units located?
The property is located at 4020 E Beltline Ave NE Grand Rapids, MI.
What are key features of this property?
This property features: 10,000 SF office condominium; Built in 2005; O zoning
