Office Condo with
New
For Sale
Contact for pricing
4330 44th St SW, Grandville, MI 49418
Corner-positioned office unit with monument and building signage, on-site parking, and access to I-96.
Property Size2,204 SF
Price / SF$204.17
Days on Market7
Property Features for 4330 44th St SW
General Information
Standard status
Active
Size
2,204 SF
Class
B
Property subtype
Office
Zoning
Office And Service
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
monument and building signage
Building Details
Year Built
1987
Tenancy
Single
Owner Occupied
No
Listing Agency:
NAI Wisinski of West Michigan
(616) 262-8532
Listed By:
Jason Makowski, SIOR · License #MI
Source:
Crexi
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 10 at 5:08AM
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 NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
This 2,204-square-foot office condo was constructed in 1987 and is designated Office And Service. The unit is currently occupied by Sylvan Learning Center, which is willing to vacate for an owner-occupant. Monument and building signage are already in place, supporting identification from the property and roadway.
The condo sits at the corner of 44th St and Canal in Grandville, at 4330 44th St SW. On-site parking is available, and the property offers access to and from I-96. The existing configuration provides an option for continued occupancy or future owner use, subject to the stated tenant arrangement.
The condo sits at the corner of 44th St and Canal in Grandville, at 4330 44th St SW. On-site parking is available, and the property offers access to and from I-96. The existing configuration provides an option for continued occupancy or future owner use, subject to the stated tenant arrangement.
Key Highlights
- 2,204‑square‑foot office condo
- Office And Service zoning
- Currently leased to Sylvan Learning Center, with willingness to vacate for an owner‑occupant
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
$22,022
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
4.89%
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%
$440,440
$440.4K
Cap Rate 7%
$314,600
$314.6K
Cap Rate 9%
$244,689
$244.7K
Market Conditions
NOI Build-Up for 2,204 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
$32.3K $14.64/SF
− Vacancy
−$2.9K −$1.32/SF
EGI
$29.4K $13.32/SF
− OpEx
−$7.3K −$3.33/SF
NOI
$22.0K $9.99/SF
Area
Kent County, MI
Vacancy
9.00%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
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%
$440,440
Cap Rate 7%
$314,600
Cap Rate 9%
$244,689
Alternative Uses
Best Use
Office B
$314.6K
$275.3K – $367.0K
NOI $22,022 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.2K
$344.9K – $459.9K
NOI $27,594 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 49418, MI
30,520
Population
12,801
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,606
Density / Sq Mi
$83,485
Median Household Income
$48,260
Median Earnings
$1,218
Median Rent
$296,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner-positioned office unit with monument and building signage, on-site parking, and access to I-96.
Where is this office units located?
The property is located at 4330 44th St SW Grandville, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,204‑square‑foot office condo; Office And Service zoning; Currently leased to Sylvan Learning Center, with willingness to vacate for an owner‑occupant
