Building Details

Construction brick

Listing Agency: Capstone Real Estate LLC Show Phone

Listed By: Max David Casey Show Phone

Source: Charterpropertiesgr

Added: Oct 16 Last Checked: Oct 16 at 2:10PM

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Investment Insights

Based on property information with market context.

This 2,100-square-foot end-cap retail suite at 5890 Harvey Street, Suite A, has an open floor plan arranged with a reception area and five private offices. Two corner offices feature full-height windows and roller shades. Additional interior features include two ADA-compliant restrooms, recessed lighting, a drop ceiling, and a drinking fountain. The exterior includes brick, expansive storefront glass, an awning at the entry, and building-mounted signage.

The property is on Harvey Street between The Lakes Mall and Costco. Parking is available on site.

Key Highlights

• 2,100 SF end‑cap retail suite at 5890 Harvey Street, Suite A
• Open layout with reception area and five private offices
• Two corner offices have full‑height windows and roller shades

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,147

Suggested Prices Based on Cap Rates

Cap Rate 5%

$542,940 $542.9K

Cap Rate 7%

$387,814 $387.8K

Cap Rate 9%

$301,633 $301.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$39.8K $18.96/SF

− Vacancy

−$1.0K −$0.49/SF

EGI

$38.8K $18.47/SF

− OpEx

−$11.6K −$5.54/SF

NOI

$27.1K $12.93/SF

Area

Muskegon County, MI

Vacancy

2.60%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$542,940

Cap Rate 7%

$387,814

Cap Rate 9%

$301,633

Alternative Uses

Best Use

Retail

$387.8K

$339.3K – $452.5K (±1% cap)

NOI $27,147 @ 7.0% cap · market cap 169,668.75%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$19.72M

$17.26M – $23.01M (±1% cap)

NOI $1,380,482 @ 7.0% cap · market cap 8,628,012.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Law Firm Grocery & Convenience Store Electrical Service Garden Center Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

451

Businesses Nearby

330k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Apparel 38% Home Improvements & Furnishings 23% Dining 17% Shops & Services 13%

Menards Home Improvements & Furnishings

56,555 visits/mo 0.4 miles

Kohl's Apparel

55,213 visits/mo 0.3 miles

DICK'S Sporting Goods Apparel

35,406 visits/mo 0.3 miles

Buffalo Wild Wings Dining

27,632 visits/mo 0.3 miles

Best Buy Electronics

25,615 visits/mo 0.5 miles

Demographics for 49444, MI

26,281

Population

11,635

Households

2.3

Avg Household Size

38

Median Age

18%

College-Educated

91%

High-School Grad

24.7 sq mi

ZIP Area

1,064

Density / Sq Mi

$52,143

Median Household Income

$34,423

Median Earnings

$941

Median Rent

$159,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - An office-configured suite combines a reception area, five private offices, two restrooms, storefront glazing, and building-mounted signage.

Where is this retail space located?

The property is located at 5890 Harvey Street Suite A Muskegon, MI.

What are key features of this property?

This property features: 2,100 SF end‑cap retail suite at 5890 Harvey Street, Suite A; Open layout with reception area and five private offices; Two corner offices have full‑height windows and roller shades