Flex Property with Industrial
For Sale
$2,150,000
Pending
5826 Alden Nash Ave SE, Lowell, MI 49331
LI-zoned property combines industrial, office, and barn structures across a substantial commercial site.
Property Size7,265 SF
Lot Size30.99 Acres
Days on Market264
Property Features for 5826 Alden Nash Ave SE
General Information
Standard status
Pending
Size
7,265 SF
Lot size
30.99 Acres
Property subtype
Industrial
Zoning
LI
Warehouse & Industrial
Warehouse Space
4,811 SF
Office Build-Out
1,246 SF
Additional Details
Highway Access
Yes
Amenities
Power
Water
Sewer
Building Details
Buildings
3
Listing Agency:
Colliers - Grand Rapids
(616) 258-0128
Listed By:
Chris VanderBand
(616) 258-0128
Source:
Carwm.resimplifi
Added: Dec 9, 2025
Changed: Aug 28
Last Checked: Aug 28 at 6:49AM
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 Colliers - Grand Rapids
Investment Insights
Based on property information with market context.
This flex property comprises three separate improvements on 30.99 acres: a 4,811 SF industrial building, a 1,246 SF office house, and a 1,208 SF red barn. The main industrial building includes four overhead doors, while the combination of office and industrial structures provides varied space across the site.
The property is in Lowell Township, Kent County, and sits less than 1.3 miles from I-96. LI zoning supports its industrial classification and complements the existing mix of building types and land area.
The property is in Lowell Township, Kent County, and sits less than 1.3 miles from I-96. LI zoning supports its industrial classification and complements the existing mix of building types and land area.
Key Highlights
- 30.99‑acre LI‑zoned property in Lowell Township
- 4,811 SF main industrial building with four overhead doors
- Additional 1,246 SF office house and 1,208 SF red barn
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
$72,590
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
3.38%
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%
$1,451,800
$1.5M
Cap Rate 7%
$1,037,000
$1.0M
Cap Rate 9%
$806,556
$806.6K
Market Conditions
NOI Build-Up for 7,265 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
$106.4K $14.64/SF
− Vacancy
−$9.6K −$1.32/SF
EGI
$96.8K $13.32/SF
− OpEx
−$24.2K −$3.33/SF
NOI
$72.6K $9.99/SF
Area
Kent County, MI
Vacancy
9.00%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
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%
$1,451,800
Cap Rate 7%
$1,037,000
Cap Rate 9%
$806,556
Alternative Uses
Best Use
Office B
$1.04M
$907.4K – $1.21M
NOI $72,590 @ 7.0% cap · market cap 3.38%
Second Best
Warehouse
$589.3K
$515.7K – $687.6K
NOI $41,254 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,957 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49331, MI
18,023
Population
7,208
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
96%
High-School Grad
91.5 sq mi
ZIP Area
197
Density / Sq Mi
$92,443
Median Household Income
$49,286
Median Earnings
$1,109
Median Rent
$293,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - LI-zoned property combines industrial, office, and barn structures across a substantial commercial site.
Where is this flex space located?
The property is located at 5826 Alden Nash Ave SE Lowell, MI.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 30.99‑acre LI‑zoned property in Lowell Township; 4,811 SF main industrial building with four overhead doors; Additional 1,246 SF office house and 1,208 SF red barn
