Flexible Commercial Flex
For Sale
$769,900
4130 44th St SE, Kentwood, MI 49512
Versatile commercial property with a flexible layout for office, retail, or service-based operations along 44th St SE.
Property Size5,099 SF
Price / SF$150.99
Days on Market133
Property Features for 4130 44th St SE
General Information
Standard status
Active
Size
5,099 SF
Property subtype
Office
Zoning
I1
Amenities
Vacant
Building Details
Year Built
1969
Listing Agency:
Keller Williams GR East - Commercial
Listed By:
Jason Carpenter · License ##6502375695
(616) 334-2630
Source:
Carwm.resimplifi
Added: Apr 29
Changed: Sep 8
Last Checked: Sep 8 at 7:24AM
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 Keller Williams GR East - Commercial
Investment Insights
Based on property information with market context.
This for-sale commercial property at 4130 44th St SE offers a flexible layout designed to support office, retail, or service-based operations. The configuration is intended to accommodate a range of business uses, making it suitable for owner-users seeking adaptability and businesses that may need a space that can be tailored to their model.
The property is positioned along 44th Street SE in Kentwood, MI, providing visibility from the corridor and straightforward access for customers and clients.
With its multi-use interior flexibility, the building can work as a functional base for a business that needs a combination of office and customer-facing space within a single commercial facility.
The property is positioned along 44th Street SE in Kentwood, MI, providing visibility from the corridor and straightforward access for customers and clients.
With its multi-use interior flexibility, the building can work as a functional base for a business that needs a combination of office and customer-facing space within a single commercial facility.
Key Highlights
- Commercial property built in 1969 at 4130 44th St SE
- Flexible layout designed to support office, retail, or service‑based operations
- Located along 44th St SE in a high‑traffic commercial corridor
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
$23,845
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
3.10%
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%
$476,900
$476.9K
Cap Rate 7%
$340,643
$340.6K
Cap Rate 9%
$264,944
$264.9K
Market Conditions
NOI Build-Up for 5,099 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
$35.1K $6.88/SF
− Vacancy
−$1.0K −$0.20/SF
EGI
$34.1K $6.68/SF
− OpEx
−$10.2K −$2.00/SF
NOI
$23.8K $4.68/SF
Area
Kent County, MI
Vacancy
2.90%
Lease Rate
$6.88 /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%
$476,900
Cap Rate 7%
$340,643
Cap Rate 9%
$264,944
Alternative Uses
Best Use
Industrial
$340.6K
$298.1K – $397.4K
NOI $23,845 @ 7.0% cap · market cap 3.10%
Second Best
Flex RnD
$266.5K
$233.2K – $310.9K
NOI $18,655 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$912.0K
$798.0K – $1.06M
NOI $63,839 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
591
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fresh Time Caterihg — 4767 Broadmoor Ave SE #7, Grand Rapids, MI 49512
- Swanson Services Corporation — 4632 44th St SE, Grand Rapids, MI 49512
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property with a flexible layout for office, retail, or service-based operations along 44th St SE.
Where is this flex space located?
The property is located at 4130 44th St SE Kentwood, MI.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Commercial property built in 1969 at 4130 44th St SE; Flexible layout designed to support office, retail, or service‑based operations; Located along 44th St SE in a high‑traffic commercial corridor
