Automotive Property with Multiple
For Sale
$850,000
4201 Division Avenue S, Wyoming, MI 49548
Property is currently used and leased as a car dealership, auto mechanical garage, and tire/detail shop.
Property Size2,578 SF
Days on Market44
Property Features for 4201 Division Avenue S
General Information
Standard status
Active
Size
2,578 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
2,578 SF
Year Built
1940
Units
3
Listing Agency:
ADT Realty
(616) 318-2000
Listed By:
John D DeBlaay
(616) 318-2000
Source:
Homesforsaleinmich
Added: Jul 11
Changed: Aug 23
Last Checked: Aug 22 at 10:54AM
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 Realty
Investment Insights
Based on property information with market context.
This automotive property is currently used and leased as a car dealership, auto mechanical garage, and tire/detail shop. The offering includes many business-related assets included in the sale, providing a ready-to-operate setup for an incoming owner.
The property is being marketed for sale, with a mix of active retail and service operations under one ownership. For details on the included assets and current arrangements, schedule a private showing with the listing team.
The property is being marketed for sale, with a mix of active retail and service operations under one ownership. For details on the included assets and current arrangements, schedule a private showing with the listing team.
Key Highlights
- Currently used and leased as a car dealership, auto mechanical garage, and tire/detail shop
- Business assets included 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
$26,762
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
3.15%
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%
$535,240
$535.2K
Cap Rate 7%
$382,314
$382.3K
Cap Rate 9%
$297,356
$297.4K
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
$39.9K $15.48/SF
− Vacancy
−$1.7K −$0.65/SF
EGI
$38.2K $14.83/SF
− OpEx
−$11.5K −$4.45/SF
NOI
$26.8K $10.38/SF
Area
Kent County, MI
Vacancy
4.20%
Lease Rate
$15.48 /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%
$535,240
Cap Rate 7%
$382,314
Cap Rate 9%
$297,356
Alternative Uses
Best Use
Retail
$382.3K
$334.5K – $446.0K
NOI $26,762 @ 7.0% cap · market cap 3.15%
Second Best
Industrial
$172.2K
$150.7K – $200.9K
NOI $12,056 @ 7.0% cap · market cap 1.42%
Theoretical Best
Office A
$461.1K
$403.5K – $537.9K
NOI $32,276 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
78k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 42%
Home Improvements & Furnishings 7%
McDonald's
Dining
19,645 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,935 visits/mo
0.1 miles
Taco Bell
Dining
13,435 visits/mo
0.5 miles
Lake Michigan Credit Union
Shops & Services
10,604 visits/mo
0.2 miles
Citgo
Shops & Services
8,112 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dealers Choice Auto Body & Mechanical — 4609 Division Ave S, Grand Rapids, MI 49548
- Accurate Truck Repair — 4525 Clay Ave SW, Grand Rapids, MI 49548
- SP Auto Solutions — 4563 division ave s, grand rapids, mi 49548
- ignition — 149 Crown St SW, Wyoming, MI 49509
- AB Spring Service Inc — 4537 Roger B Chaffee Memorial Blvd SE, Grand Rapids, MI 49548
Frequently Asked Questions
What type of property is this?
Auto shop - Property is currently used 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 Wyoming, 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: Currently used and leased as a car dealership, auto mechanical garage, and tire/detail shop; Business assets included in the sale
