Truck Service Shop with Drive-Through
For Sale
Contact for pricing
Pending
4525 Clay Ave SW, Grand Rapids, MI 49548
The repair shop includes a wash bay, paint booth, and offices recently renovated on the main floor.
Property Size41,984 SF
Days on Market29
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Property Features for 4525 Clay Ave SW
General Information
Standard status
Pending
Size
41,984 SF
Property subtype
Industrial
Zoning
I-2
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Automotive
Service Bays
12
Car Wash Bays
1
Amenities
backup diesel generator
floor drains throughout
pylon sign
Power
Water
Sewer
Natural Gas
Building Details
Buildings
2
Tenancy
Multi-Tenant
Listing Agency:
Advantage Commercial Real Estate
Listed By:
Steven Marcusse
(616) 450-1669
Source:
Carwm.resimplifi
Added: Sep 17
Changed: Oct 13
Last Checked: Oct 14 at 7:49PM
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.
Configured for truck service, the main shop contains 13 drive-through bays, each 94 feet deep, plus a wash bay and paint booth. Shop clear height is 18 feet 10 inches, with floor drains throughout. The main-floor offices have been renovated. A separate 8,000-square-foot drive-through storage building with heavy power is also on site, along with a backup diesel generator.
The property includes close to six acres of paved, fenced parking and 330 feet of frontage on US-131, immediately south of 44th Street. Zoning is I-2.
The property includes close to six acres of paved, fenced parking and 330 feet of frontage on US-131, immediately south of 44th Street. Zoning is I-2.
Key Highlights
- 13 drive‑through repair bays, each 94 feet deep
- 18 feet 10 inches of clear height in the shop
- Separate 8,000‑square‑foot drive‑through storage building with heavy power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$437,834
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,756,680
$8.8M
Cap Rate 7%
$6,254,771
$6.3M
Cap Rate 9%
$4,864,822
$4.9M
Market Conditions
NOI Build-Up for 41,984 SF
Gross rent
$655.0K $15.60/SF
− Vacancy
−$29.5K −$0.70/SF
EGI
$625.5K $14.90/SF
− OpEx
−$187.6K −$4.47/SF
NOI
$437.8K $10.43/SF
Area
Grand Rapids, MI
Vacancy
4.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,756,680
Cap Rate 7%
$6,254,771
Cap Rate 9%
$4,864,822
Alternative Uses
Best Use
Retail
$8.69M
$7.61M – $10.14M
NOI $608,591 @ 7.0% cap · market cap 6,085,910.00%
Second Best
Industrial
$6.25M
$5.47M – $7.30M
NOI $437,834 @ 7.0% cap · market cap 4,378,340.00%
Theoretical Best
Specialty Retail
$9.74M
$8.53M – $11.37M
NOI $682,030 @ 7.0% cap · market cap 6,820,300.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
12
Service bays
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
59k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 42%
Home Improvements & Furnishings 5%
Hotels & Casinos 3%
Shell
Shops & Services
18,963 visits/mo
0.3 miles
Denny's
Dining
9,667 visits/mo
0.3 miles
Arby's
Dining
8,196 visits/mo
0.3 miles
Jimmy John's
Dining
5,755 visits/mo
0.3 miles
Pizza Hut
Dining
3,223 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Royal Truck & Utility Trailer — 5125 Clay Ave SW, Grand Rapids, MI 49548
- GR Motor Sales — 5075 Clay Ave SW, Wyoming, MI 49548
- Windshield Repair Today of Clyde — 5000 Clyde Park Ave SW, Wyoming, MI 49509
- Gordon Foods Truck Garage — 433 50th St SW, Wyoming, MI 49548
- ENGINE GURU — 4627 Clyde Park Ave SW, Wyoming, MI 49509
Frequently Asked Questions
What type of property is this?
Auto shop - The repair shop includes a wash bay, paint booth, and offices recently renovated on the main floor.
Where is this auto shop located?
The property is located at 4525 Clay Ave SW Grand Rapids, MI.
What are key features of this property?
This property features: 13 drive‑through repair bays, each 94 feet deep; 18 feet 10 inches of clear height in the shop; Separate 8,000‑square‑foot drive‑through storage building with heavy power
