Industrial Flex
For Sale
$1,350,000
4331 Brockton Dr SE, Kentwood, MI 49512
Precast flex facility with office, industrial, and fenced exterior areas.
Property Size13,984 SF
Lot Size1.22 Acres
Price / SF$96.54
Days on Market56
Property Features for 4331 Brockton Dr SE
General Information
Standard status
Active
Size
13,984 SF
Lot size
1.22 Acres
Property subtype
Industrial
Zoning
I1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
10,249 SF
Office Build-Out
3,735 SF
Dock-High Doors
1
Drive-In Doors
2
Column Spacing
30 x 45 ft
Power
600 amps
Sprinkler System
Yes
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1984
Buildings
1
Building Size
13,984 SF
Construction
precast
Listing Agency:
Advantage Commercial Real Estate
(616) 990-6418
Listed By:
Tim Van Noord · License #6501244633
(616) 990-6418
Source:
Carwm.resimplifi
Added: Jul 6
Changed: Aug 29
Last Checked: Aug 29 at 8:01PM
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.
This precast industrial flex building contains 13,984 square feet on 1.22 acres, combining 3,735 square feet of office space with 10,249 square feet of industrial area. The facility includes two drive-in doors, one loading dock, 600 amps of power, clear heights ranging from 19 feet 6 inches to 20 feet, and 30-foot by 45-foot column spacing. Fire suppression extends throughout the building, and a small fenced area is positioned along the west side. Constructed in 1984, the property is zoned I1 and is scheduled to be available for occupancy beginning January 1, 2027.
Located at 4331 Brockton Dr SE in Kentwood, the building sits near 44th Street and Patterson Avenue in the airport area submarket. Access to I-96 and M-6 is available from the property’s surrounding road network.
Located at 4331 Brockton Dr SE in Kentwood, the building sits near 44th Street and Patterson Avenue in the airport area submarket. Access to I-96 and M-6 is available from the property’s surrounding road network.
Key Highlights
- 13,984 SF industrial flex building on 1.22 acres
- 3,735 SF office area and 10,249 SF industrial area
- Two drive‑in doors and one loading dock
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
$79,407
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
5.88%
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%
$1,588,140
$1.6M
Cap Rate 7%
$1,134,386
$1.1M
Cap Rate 9%
$882,300
$882.3K
Market Conditions
NOI Build-Up for 13,984 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
$96.2K $6.88/SF
− Vacancy
−$2.8K −$0.20/SF
EGI
$93.4K $6.68/SF
− OpEx
−$14.0K −$1.00/SF
NOI
$79.4K $5.68/SF
Area
Kent County, MI
Vacancy
2.90%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
15.00%
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%
$1,588,140
Cap Rate 7%
$1,134,386
Cap Rate 9%
$882,300
Alternative Uses
Best Use
Warehouse
$1.13M
$992.6K – $1.32M
NOI $79,407 @ 7.0% cap · market cap 5.88%
Second Best
Industrial
$934.2K
$817.4K – $1.09M
NOI $65,394 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,079 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
640
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 - Precast flex facility with office, industrial, and fenced exterior areas.
Where is this flex space located?
The property is located at 4331 Brockton Dr SE Kentwood, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 13,984 SF industrial flex building on 1.22 acres; 3,735 SF office area and 10,249 SF industrial area; Two drive‑in doors and one loading dock
