Truck Repair Facility with
For Sale
$2,300,000
5260 36th St SE, Grand Rapids, MI 49512
Paved industrial property with repair bays, heavy power, crane capacity, and outdoor storage space.
Property Size10,976 SF
Lot Size2.35 Acres
Price / SF$209.55
Days on Market283
Property Features for 5260 36th St SE
General Information
Standard status
Active
Size
10,976 SF
Lot size
2.35 Acres
Property subtype
Industrial
Zoning
I
Amenities
drive-in doors
drive-thru bays
floor drains
5-ton crane
600 amps 480v/3-phase power
fully paved
Power
Water
Sewer
Building Details
Year Built
1979
Listing Agency:
Advantage Commercial Real Estate
(616) 481-3868
Listed By:
Trent Wieringa
(616) 481-3868
Source:
Carwm.resimplifi
Added: Nov 19, 2025
Changed: Aug 28
Last Checked: Aug 29 at 5:46AM
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 industrial auto-shop property includes a 10,976-square-foot truck repair facility on 2.35 acres. The building contains 9 drive-in doors, including 4 drive-thru bays, along with floor drains, clear heights ranging from 14'11" to 18'2", and a 5-ton crane. Electrical service includes 600 amps of 480v / 3-phase power, supporting heavy-duty repair operations. The fully paved site also provides outdoor storage or yard space.
Located at 5260 36th Street SE in Grand Rapids, the property is positioned just north of Gerald R Ford International Airport. Zoning is identified as I, and the building was constructed in 1979.
Located at 5260 36th Street SE in Grand Rapids, the property is positioned just north of Gerald R Ford International Airport. Zoning is identified as I, and the building was constructed in 1979.
Key Highlights
- 10,976 SF truck repair facility on 2.35 acres
- 9 drive‑in doors, including 4 drive‑thru bays
- 14'11"-18'2" clear heights
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
$159,106
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
6.92%
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%
$3,182,120
$3.2M
Cap Rate 7%
$2,272,943
$2.3M
Cap Rate 9%
$1,767,844
$1.8M
Market Conditions
NOI Build-Up for 10,976 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
$241.0K $21.96/SF
− Vacancy
−$13.7K −$1.25/SF
EGI
$227.3K $20.71/SF
− OpEx
−$68.2K −$6.21/SF
NOI
$159.1K $14.50/SF
Area
Grand Rapids, MI
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$3,182,120
Cap Rate 7%
$2,272,943
Cap Rate 9%
$1,767,844
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $159,106 @ 7.0% cap · market cap 6.92%
Second Best
Industrial
$1.64M
$1.43M – $1.91M
NOI $114,464 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$2.55M
$2.23M – $2.97M
NOI $178,305 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Groceries 43%
Caliber Collision
Shops & Services
672 visits/mo
0.2 miles
Sysco
Groceries
514 visits/mo
0.3 miles
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Star Truck Rentals — 5260 36th St SE, Kentwood, MI 49512
- Caliber Collision — 5566 36th St SE, Grand Rapids, MI 49512
Frequently Asked Questions
What type of property is this?
Auto shop - Paved industrial property with repair bays, heavy power, crane capacity, and outdoor storage space.
Where is this auto shop located?
The property is located at 5260 36th St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 10,976 SF truck repair facility on 2.35 acres; 9 drive‑in doors, including 4 drive‑thru bays; 14'11"-18'2" clear heights
