Multi-Tenant Office
New
For Sale
$6,200,000
5211 Cascade Road, Grand Rapids, MI 49546
The property accommodates multiple office tenants and occupies a 6.4-acre parcel.
Property Size45,814 SF
Lot Size6.40 Acres
Price / SF$135.33
Days on Market6
Property Features for 5211 Cascade Road
General Information
Standard status
Active
Size
45,814 SF
Net Rentable
40,183 SF
Class
Class A
Total Parking Spaces
107
Lot size
6.40 Acres
Property subtype
Commercial
Zoning
PO
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$85,809
Building Details
Building Size
45,814 SF
Year Built
1997
Buildings
1
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Lakeshore Commercial Real Estate
(616) 394-4500
Listed By:
Michael Nagelkirk · License #6501194952
(616) 836-1122
Source:
Buskardgroup
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:22PM
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 Lakeshore Commercial Real Estate
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Investment Insights
Based on property information with market context.
Built in 1997, this multi-tenant office property contains 45,814 square feet, including 40,183 rentable square feet. The site spans 6.4 acres and carries PO zoning.
The building is positioned at the northeast corner of Cascade Road SE and Spaulding Avenue SE, with immediate access to I-96.
The building is positioned at the northeast corner of Cascade Road SE and Spaulding Avenue SE, with immediate access to I-96.
Key Highlights
- 45,814‑square‑foot building with 40,183 rentable square feet
- 6.4‑acre site with PO zoning
- Multi‑tenant office configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$428,201
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,564,020
$8.6M
Cap Rate 7%
$6,117,157
$6.1M
Cap Rate 9%
$4,757,789
$4.8M
Market Conditions
NOI Build-Up for 45,814 SF
Gross rent
$736.7K $16.08/SF
− Vacancy
−$165.8K −$3.62/SF
EGI
$570.9K $12.46/SF
− OpEx
−$142.7K −$3.12/SF
NOI
$428.2K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,564,020
Cap Rate 7%
$6,117,157
Cap Rate 9%
$4,757,789
Alternative Uses
Best Use
Office B
$6.12M
$5.35M – $7.14M
NOI $428,201 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.63M
$9.30M – $12.40M
NOI $744,248 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 49546, MI
35,536
Population
13,561
Households
2.6
Avg Household Size
38
Median Age
61%
College-Educated
96%
High-School Grad
17.9 sq mi
ZIP Area
1,985
Density / Sq Mi
$97,386
Median Household Income
$48,008
Median Earnings
$1,275
Median Rent
$389,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The property accommodates multiple office tenants and occupies a 6.4-acre parcel.
Where is this office building located?
The property is located at 5211 Cascade Road Grand Rapids, MI.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 45,814‑square‑foot building with 40,183 rentable square feet; 6.4‑acre site with PO zoning; Multi‑tenant office configuration
