Fully Leased Retail Strip
For Sale
$840,000
633 Hooker Road, Allegan, MI 49010
7,200 SF fully leased retail strip center for sale.
Property Size7,200 SF
Price / SF$116.67
Days on Market123
Property Features for 633 Hooker Road
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Retail Investment
Building Details
Year Built
2006
Listing Agency:
Reichle | Klein Group
(419) 410-3133
Listed By:
Ryan Miller · License #2011003129
(419) 410-3133
Source:
Rkgcommercial
Added: Apr 1
Changed: Jul 10
Last Checked: Jul 10 at 1:15PM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 7,200 square foot retail strip center. The property is currently fully leased.
Key Highlights
- 7,200 SF Retail Strip Center
- Fully Leased
- Built in 2006
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.5k | $15.48 |
| − Vacancy | −$4.7k | −$0.65 |
| EGI | $106.8k | $14.83 |
| − OpEx | −$32.0k | −$4.45 |
| NOI | $74.7k | $10.38 |
7,200 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$934.3K – $1.25M
NOI $74,742 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$67.62M
$59.16M – $78.88M
NOI $4,733,081 @ 7.0% cap · market cap 563.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
McDonald's
Dining
15,467 visits/mo
0.3 miles
BIGGBY COFFEE
Dining
5,920 visits/mo
0.3 miles
Marathon
Shops & Services
3,775 visits/mo
0.4 miles
Little Caesars Pizza
Dining
3,234 visits/mo
0.3 miles
SUBWAY
Dining
2,773 visits/mo
0.3 miles
Demographics for 49010, MI
18,183
Population
7,222
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
93%
High-School Grad
156.6 sq mi
ZIP Area
116
Density / Sq Mi
$72,361
Median Household Income
$42,133
Median Earnings
$1,061
Median Rent
$204,200
Median Home Value
Market
Vacancy Rate% for Retail 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?
Strip mall - 7,200 SF fully leased retail strip center for sale.
Where is this strip mall located?
The property is located at 633 Hooker Road Allegan, MI.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 7,200 SF Retail Strip Center; Fully Leased; Built in 2006
