Automotive Service and Retail
For Sale
Contact for pricing
4201 Division Avenue S, Grand Rapids, MI 49548
Property is currently operated and leased as a car dealership, auto mechanical garage, and tire/detail shop.
Property Size2,578 SF
Price / SF$329.71
Days on Market50
Property Features for 4201 Division Avenue S
General Information
Standard status
Active
Size
2,578 SF
Property subtype
Retail, Office, Industrial
Zoning
COMMERCIAL IMPR
Additional Details
Business Included
Yes
Building Details
Year Built
1940
Year Renovated
2024
Buildings
2
Units
3
Listing Agency:
ADT (American Dream Team) Realty Brokers
Listed By:
John D DeBlaay · License #MI - 6501420293
Source:
Crexi
Added: Jul 12
Changed: Aug 16
Last Checked: Aug 28 at 8:10PM
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 ADT (American Dream Team) Realty Brokers
Investment Insights
Based on property information with market context.
This automotive-focused property is currently used and leased with a mix of services, including a car dealership, an auto mechanical garage, and a tire/detail shop. The sale includes many business-related assets, supporting continued operations for an owner-operator or investor.
The property is offered for sale and is being marketed as an opportunity that can generate income with limited day-to-day involvement. The current configuration provides multiple points of revenue within automotive sales and maintenance functions.
Additional details on individual spaces, lease terms, and specific included assets are available through a private showing.
The property is offered for sale and is being marketed as an opportunity that can generate income with limited day-to-day involvement. The current configuration provides multiple points of revenue within automotive sales and maintenance functions.
Additional details on individual spaces, lease terms, and specific included assets are available through a private showing.
Key Highlights
- Built in 1940
- Currently operated and leased as a car dealership, auto mechanical garage, and tire/detail shop
- Includes many business‑related assets in the sale
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
$37,370
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
4.40%
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%
$747,400
$747.4K
Cap Rate 7%
$533,857
$533.9K
Cap Rate 9%
$415,222
$415.2K
Market Conditions
NOI Build-Up for 2,578 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
$56.6K $21.96/SF
− Vacancy
−$3.2K −$1.25/SF
EGI
$53.4K $20.71/SF
− OpEx
−$16.0K −$6.21/SF
NOI
$37.4K $14.50/SF
Area
Grand Rapids, MI
Vacancy
5.70%
Lease Rate
$21.96 /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%
$747,400
Cap Rate 7%
$533,857
Cap Rate 9%
$415,222
Alternative Uses
Best Use
Retail
$533.9K
$467.1K – $622.8K
NOI $37,370 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$384.1K
$336.1K – $448.1K
NOI $26,885 @ 7.0% cap · market cap 3.16%
Theoretical Best
Specialty Retail
$598.3K
$523.5K – $698.0K
NOI $41,880 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 27%
Home Improvements & Furnishings 10%
Dollar Tree
Shops & Services
13,935 visits/mo
0.4 miles
Taco Bell
Dining
13,435 visits/mo
0.2 miles
Citgo
Shops & Services
8,112 visits/mo
0.2 miles
Dollar General
Shops & Services
5,396 visits/mo
0.1 miles
Bradley Ace Hardware
Home Improvements & Furnishings
5,099 visits/mo
0.1 miles
Demographics for 49548, MI
34,741
Population
13,174
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
86%
High-School Grad
10.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$62,218
Median Household Income
$35,831
Median Earnings
$1,129
Median Rent
$149,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Monro Auto Service And Tire Centers — 4762 Division Ave S, Kentwood, MI 49548
- MPH Auto — 4860 Division Ave S, Kentwood, MI 49548
- Image Towing Service
- Accurate Truck Repair — 4525 Clay Ave SW, Grand Rapids, MI 49548
- ignition — 149 Crown St SW, Wyoming, MI 49509
Frequently Asked Questions
What type of property is this?
Auto shop - Property is currently operated and leased as a car dealership, auto mechanical garage, and tire/detail shop.
Where is this auto shop located?
The property is located at 4201 Division Avenue S Grand Rapids, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Built in 1940; Currently operated and leased as a car dealership, auto mechanical garage, and tire/detail shop; Includes many business‑related assets in the sale
