Precast Industrial Facility with
For Sale
Contact for pricing
4044 Brockton Drive Southeast, Grand Rapids, MI 49512
Modern precast warehouse with dock-high loading and elevator-serviced office space for manufacturing or distribution operations.
Property Size70,479 SF
Lot Size6.83 Acres
Price / SF$120.60
Days on Market82
Property Features for 4044 Brockton Drive Southeast
General Information
Standard status
Active
Size
70,479 SF
Class
A
Lot size
6.83 Acres
Property subtype
Industrial
Zoning
I1
Warehouse & Industrial
Clear Height
29 ft
Dock-High Doors
8
Drive-In Doors
3
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Built
2007
Stories
2
Listing Agency:
Advantage Commercial Real Estate
(616) 327-2616
Listed By:
Tim Van Noord · License #MI 6501244633
Source:
Crexi
Added: Jun 1
Changed: Aug 14
Last Checked: Aug 20 at 12:35PM
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 Advantage Commercial Real Estate
Investment Insights
Based on property information with market context.
4044 Brockton Drive SE is a well-maintained, 2007-built precast industrial facility totaling 70,479 SF on 6.83 acres, with an additional 2 acres available for future expansion or secured outdoor storage. The building includes 60,683 SF of industrial space and 9,796 SF of office space arranged over two elevator-serviced levels, supporting configurations for headquarters, manufacturing, or distribution use. Operational features include eight dock-high doors, three drive-in doors, 23’ to 25’9” clear heights, full fire suppression, compressed air lines throughout, LED lighting, and a 1,200-amp, 480V/3-phase electrical service.
The property is located at 4044 Brockton Drive Southeast in Grand Rapids, MI 49512, offering a site designed to support industrial throughput alongside an on-site office component.
For tenants or buyers seeking a functional corporate-industrial setup, the combination of multiple loading doors, meaningful clear height, and substantial office space on elevator-serviced floors can support a range of industrial strategies, from manufacturing to distribution. The availability of additional acreage also provides flexibility for operators planning growth or expanded outdoor storage needs.
The property is located at 4044 Brockton Drive Southeast in Grand Rapids, MI 49512, offering a site designed to support industrial throughput alongside an on-site office component.
For tenants or buyers seeking a functional corporate-industrial setup, the combination of multiple loading doors, meaningful clear height, and substantial office space on elevator-serviced floors can support a range of industrial strategies, from manufacturing to distribution. The availability of additional acreage also provides flexibility for operators planning growth or expanded outdoor storage needs.
Key Highlights
- 70,479 SF precast industrial facility on 6.83 acres, plus an additional 2 acres available for expansion or secured outdoor storage
- 60,683 SF industrial space and 9,796 SF office space across two elevator‑serviced levels
- Loading includes 8 dock‑high doors and 3 drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$734,997
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$14,699,940
$14.7M
Cap Rate 7%
$10,499,957
$10.5M
Cap Rate 9%
$8,166,633
$8.2M
Market Conditions
NOI Build-Up for 70,479 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.10M $15.60/SF
− Vacancy
−$49.5K −$0.70/SF
EGI
$1.05M $14.90/SF
− OpEx
−$315.0K −$4.47/SF
NOI
$735.0K $10.43/SF
Area
Grand Rapids, MI
Vacancy
4.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$14,699,940
Cap Rate 7%
$10,499,957
Cap Rate 9%
$8,166,633
Alternative Uses
Best Use
Warehouse
$12.30M
$10.76M – $14.35M
NOI $860,866 @ 7.0% cap · market cap 10.13%
Second Best
Industrial
$10.50M
$9.19M – $12.25M
NOI $734,997 @ 7.0% cap · market cap 8.65%
Theoretical Best
Specialty Retail
$16.36M
$14.31M – $19.08M
NOI $1,144,931 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
29 ft
Clear height
8
Dock-high doors
3
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Modern precast warehouse with dock-high loading and elevator-serviced office space for manufacturing or distribution operations.
Where is this warehouse located?
The property is located at 4044 Brockton Drive Southeast Grand Rapids, MI.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 70,479 SF precast industrial facility on 6.83 acres, plus an additional 2 acres available for expansion or secured outdoor storage; 60,683 SF industrial space and 9,796 SF office space across two elevator‑serviced levels; Loading includes 8 dock‑high doors and 3 drive‑in doors
