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    Small Retail Suite with Private Rooms Title is generated by Realmo AI

    5751 Byron Center Avenue SW, Wyoming, MI 49519

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    For Lease
    $22 SF/Yr $1,980/Mo (calc)

    COMMERCIAL - Wyoming, MI

    Type:Retail
    Property size:
    1,080 SF
    Lot size:
    3.79 Acres
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for 5751 Byron Center Avenue SW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Fireplace
    1
    Standard status
    Active
    APN
    41-21-15-351-031
    Size
    1,080 SF
    Lot size
    3.79 Acres

    Taxes and HOA fees

    Tax Description
    S 377.2 FT OF W 231 FT OF E 346.5 FT OF W 1/2 W 1/2 E 1/2 SW 1/4 ALSO S 200 FT OF W 90 FT OF E 436.5 FT OF W 1/2 W 1/2 E 1/2 SW 1/4 * SEC 15 T5N R12W 2.41 A. Split on 05/27/2005 from 41-21-15-351-022, 41-21-15-351-023, 41-21-15-351-024;

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Joseph Paul Spica

    Listing agent Joseph Paul Spica License #6502387710

    Listing office Spica Real Estate PO Box 304, Byron Center, MI

    Listing date May 29, 2026

    MLS# 26026425

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1,080 SF small retail space suited for a retailer or business needing 1–2 private rooms
    • Currently set up for a bridal shop, with layout flexibility for retail or office use
    • Built in 2007 with brick construction and a composition roof
    • Features forced‑air heating, central air, and a fireplace
    • Utilities include cable available

    Overview

    This listing offers a small retail space of approximately 1,080 square feet configured for 1-2 private rooms. The unit is currently set up for a bridal shop, but it can be adapted for other retail or office needs depending on your business requirements.

    The property is located in Wyoming, Michigan at 5751 Byron Center Avenue SW, near the M6 and Byron Center Ave interchange. Public remarks indicate the area is known as a destination and benefits from draw from the U of M Health West Campus. The center includes a mix of established tenants such as Biggby, Moneli’s, Red Geranium, AT&T, Hallmark, McDonald’s, and Huntington.

    For tenants looking for compact, room-based space, this suite can work well for a retailer or business that benefits from having private rooms within the overall layout. Its smaller footprint and existing configuration should appeal to concepts that prefer a dedicated, flexible space rather than open-box-only setups.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ecenbarger Eye Care Physician Farmers Insurance - Melissa ... Insurance Agency Curves Gym & Fitness Center Le Kabob Restaurant The Tutoring Center, Wyoming, ... Tutoring Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wyoming
    County
    Kent
    State
    Michigan
    Longitude
    -85.724512
    Latitude
    42.860582

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    FAQs

    What type of property is this?
    Retail space - Approximately 1,080 sf retail suite with private rooms, suited for a range of retail or office uses.
    Where is this retail space located?
    The property is located at 5751 Byron Center Avenue SW Wyoming, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 1,080 SF small retail space suited for a retailer or business needing 1–2 private rooms; Currently set up for a bridal shop, with layout flexibility for retail or office use; Built in 2007 with brick construction and a composition roof
    (616) 262-3213
    We can help!
    Listing Contact
    Joseph Paul Spica
    Real Estate License ID: 6502387710
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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