695 Kenmoor Ave SE, Grand Rapids, MI 49546
Office building in Cascade with I-96 visibility and signage.
- Added:
- Jan 18, 2024
- Days on Market:
- 873
- Last Refresh:
- May 12 at 10:56 pm
Property Features for 695 Kenmoor Ave SE
General Information
- Standard status
- Active
- Size
- 29,470 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agent Mary Anne Wisinski-Rosely, SIOR, CCIM License #MI 6501268486
Listing office NAI Wisinski of West Michigan - Grand Rapids
Listing date Jan 18, 2024
Source Crexi
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 NAI Wisinski of West Michigan - Grand Rapids
HighLights
- Highly visible location in Cascade with I‑96 signage.
- Opportunity for owner/user to occupy a significant portion of the building, with 14,735 SF available on the second floor and 8,331 SF on the first floor.
- Potential to divide spaces for smaller users.
- Newer roof and mechanicals, indicating well‑maintained condition.
- Existing tenant provides immediate income (6,400 SF on 1st floor).
- Ample parking with 4.28 spaces/1,000 SF.
Overview
Local Financial Insights For Office B
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 | $473.9k | $16.08 |
| − Vacancy | −$106.6k | −$3.62 |
| EGI | $367.3k | $12.46 |
| − OpEx | −$91.8k | −$3.12 |
| NOI | $275.4k | $9.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.5658645
- Latitude
- 42.9498929
