Two-Suite Flex
For Sale
$1,025,000
4705 Clyde Park Ave SW, Wyoming, MI 49509
Light industrial zoning and avenue frontage support a versatile commercial configuration near major road connections.
Property Size7,800 SF
Lot Size0.76 Acres
Price / SF$131.41
Days on Market63
Property Features for 4705 Clyde Park Ave SW
General Information
Standard status
Active
Size
7,800 SF
Lot size
0.76 Acres
Property subtype
Industrial
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1994
Buildings
1
Building Size
7,800 SF
Listing Agency:
Bradley Company
(616) 206-7658
Listed By:
Jordan Wenzel · License #6501392260
(616) 206-7658
Source:
Carwm.resimplifi
Added: Jun 29
Changed: Aug 30
Last Checked: Aug 30 at 12:50AM
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 Bradley Company
Investment Insights
Based on property information with market context.
This 7,800 SF flex space, built in 1994, combines two end suites with a centrally positioned warehouse area. An 8' overhead door serves the warehouse, and the interior is currently arranged for one occupant. The layout can be separated into two independent suites, providing flexibility for future occupancy or operational needs.
The property occupies 0.758 acres at 4705 Clyde Park Ave SW in Wyoming, Michigan. Clyde Park frontage provides direct exposure, while the site offers access to 44th Street and US-131. I-1 Light Industrial zoning supports the property's industrial and flex-space classification.
The property occupies 0.758 acres at 4705 Clyde Park Ave SW in Wyoming, Michigan. Clyde Park frontage provides direct exposure, while the site offers access to 44th Street and US-131. I-1 Light Industrial zoning supports the property's industrial and flex-space classification.
Key Highlights
- 7,800 SF flex/industrial building constructed in 1994
- Two end suites with a central warehouse area
- Layout can be divided back into 2 independent suites
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
$44,292
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
4.32%
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%
$885,840
$885.8K
Cap Rate 7%
$632,743
$632.7K
Cap Rate 9%
$492,133
$492.1K
Market Conditions
NOI Build-Up for 7,800 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
$53.7K $6.88/SF
− Vacancy
−$1.6K −$0.20/SF
EGI
$52.1K $6.68/SF
− OpEx
−$7.8K −$1.00/SF
NOI
$44.3K $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%
$885,840
Cap Rate 7%
$632,743
Cap Rate 9%
$492,133
Alternative Uses
Best Use
Warehouse
$632.7K
$553.7K – $738.2K
NOI $44,292 @ 7.0% cap · market cap 4.32%
Second Best
Industrial
$521.1K
$455.9K – $607.9K
NOI $36,475 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,656 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49509, MI
28,340
Population
10,611
Households
2.7
Avg Household Size
34
Median Age
19%
College-Educated
85%
High-School Grad
7.3 sq mi
ZIP Area
3,882
Density / Sq Mi
$64,981
Median Household Income
$38,356
Median Earnings
$983
Median Rent
$183,400
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.
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial zoning and avenue frontage support a versatile commercial configuration near major road connections.
Where is this flex space located?
The property is located at 4705 Clyde Park Ave SW Wyoming, MI.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 7,800 SF flex/industrial building constructed in 1994; Two end suites with a central warehouse area; Layout can be divided back into 2 independent suites
