Tire Shop
New
For Sale
Contact for pricing
5318-5330 Division Avenue S, Kentwood, MI 49548
The commercial space is currently used for tire-shop operations on Division Avenue in Kentwood.
Property Size15,000 SF
Price / SF$0.00
Days on Market4
Property Features for 5318-5330 Division Avenue S
General Information
Standard status
Active
Size
15,000 SF
Listing Agency:
1st Advantage Realty
(616) 534-4480
Listed By:
Rene Guzman · License #6501383944
(623) 748-3215
Source:
Jimdehaan
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 20 at 7:58PM
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 1st Advantage Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property encompasses approximately 15,000 square feet and is currently operating as a tire shop. It is located on Division Avenue in Kentwood, Michigan.
Key Highlights
- Approximately 15,000 square feet of commercial space
- Currently operating as a tire shop
- Located at 5318‑5330 Division Avenue S in Kentwood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,145
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,402,900
$1.4M
Cap Rate 7%
$1,002,071
$1.0M
Cap Rate 9%
$779,389
$779.4K
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$103.2K $6.88/SF
− Vacancy
−$3.0K −$0.20/SF
EGI
$100.2K $6.68/SF
− OpEx
−$30.1K −$2.00/SF
NOI
$70.1K $4.68/SF
Area
Kent County, MI
Vacancy
2.90%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,402,900
Cap Rate 7%
$1,002,071
Cap Rate 9%
$779,389
Alternative Uses
Best Use
Retail
$2.22M
$1.95M – $2.60M
NOI $155,713 @ 7.0% cap · market cap 1,557,130.00%
Second Best
Industrial
$1.00M
$876.8K – $1.17M
NOI $70,145 @ 7.0% cap · market cap 701,450.00%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,799 @ 7.0% cap · market cap 1,877,990.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
316k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 37%
Dining 21%
Shops & Services 18%
Home Improvements & Furnishings 12%
Walmart
Superstores
102,623 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
36,693 visits/mo
0.4 miles
Kum & Go
Shops & Services
25,361 visits/mo
0.1 miles
Aldi
Groceries
23,788 visits/mo
0.4 miles
Culver's
Dining
23,519 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Hopkins window tinting — 252 Fescue Dr SE, Kentwood, MI 49548
- ArA window tinting — 252 fescue dr se, kentwood, mi 49548
- GERRIT'S RV SERVICE AND CAMPER RENTAL — 5724 Clay Ave SW, Grand Rapids, MI 49548
- S&S Wrecker Service — 5723 division ave s, grand rapids, mi 49548
- South Kent Frame & Alinement — 5817 Division St, Grand Rapids, MI 49548
Frequently Asked Questions
What type of property is this?
Auto shop - The commercial space is currently used for tire-shop operations on Division Avenue in Kentwood.
Where is this auto shop located?
The property is located at 5318-5330 Division Avenue S Kentwood, MI.
What are key features of this property?
This property features: Approximately 15,000 square feet of commercial space; Currently operating as a tire shop; Located at 5318‑5330 Division Avenue S in Kentwood
