Building Details

Year Built 1994

Buildings 1

Building Size 7,800 SF

Listing Agency: Bradley Company

Listed By: Jordan Wenzel · License #6501452030APP23 Show Phone

Source: Carwm.resimplifi

Added: Jun 29 Changed: Oct 14 Last Checked: Oct 12 at 4:40PM

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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.

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 / Yr

$44,292

Cap Rate

4.47%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $44,292 @ 7.0% cap · market cap 4.47%

Second Best

Industrial

$521.1K

$455.9K – $607.9K (±1% cap)

NOI $36,475 @ 7.0% cap · market cap 3.68%

Theoretical Best

Office A

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,656 @ 7.0% cap · market cap 9.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

MBI Automation Electrical Engineer

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Auto Parts Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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 $990,000.

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