Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3737 Lake Eastbrook Blvd Grand Rapids, MI 49546

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20 SF/Yr

    Prime Waterfront Office Space, Flexible Lease Terms

    Lot size:
    14,752 SF

    Property Features for 3737 Lake Eastbrook Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,752 SF
    Class
    C
    Total Rate
    25434.91

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 3737 Lake Eastbrook Blvd, Grand Rapids, MI 49546 Contact us
    Unit Suite 106

    $39 /Mo

    Size
    152 SF
    Contact us
    Unit Suite 111

    $20 /Mo

    Size
    435 SF
    Contact us
    Unit Suite 110

    $25 /Mo

    Size
    282 SF
    Contact us
    Unit Suite 109

    $31 /Mo

    Size
    188 SF
    Contact us
    Unit Suite 213

    $42 /Mo

    Size
    113 SF
    Contact us
    Unit Suite 219

    $41 /Mo

    Size
    117 SF
    Contact us
    Unit Suite 217

    $40 /Mo

    Size
    118 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Gary Albrecht
    Gary Albrecht

    Listing Agency: Advantage Commercial Real Estate Listing Agent: Gary Albrecht

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional two-story office building, located at 3737 Lake Eastbrook Blvd SE in Grand Rapids, Michigan, offers a unique opportunity for businesses seeking executive office space. The 14,752 square foot building sits on a 1.76-acre lot (76,645 sq ft) and boasts a Class C rating. Built in 1965, the property features a desirable waterfront location, providing a tranquil and professional atmosphere. Currently, there are multiple tenancies available, with a minimum divisible space of 118 square feet and a maximum contiguous space of 282 square feet. A total of 580 square feet is currently vacant and ready for immediate occupancy. The building offers 9-foot ceilings and convenient access to The Shops at Centerpoint. Ample on-site parking and proximity to public transportation ensure easy accessibility for employees and clients. The property is zoned SR and its Kent County location within the 28th Street Southeast submarket provides excellent visibility and connectivity. The building's address is 41-18-11-401-014 (APN). Flexible lease terms are available, making this an ideal location for businesses of various sizes and needs. This is a rare opportunity to secure high-quality office space in a sought-after Grand Rapids location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Luxur'E Beauty Medical Clinic Team Healthy Hair Hair Salon Construction Staffing Solutions ... Employment Agency Rival Beauty LLC Hair Salon The Watchmaker (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.575079
    Latitude
    42.9167636

    Nearby Similar for Lease

    • $17 SF/Yr
      2,480 SF

      Grand Rapids Restaurant Ready Space

      Fully built-out restaurant space within a busy, well-established hotel.
      6569 Clay Ave SW, Grand Rapids, MI 49548
      View Details
    • $9 SF/Yr
      9,696 SF

      Grand Rapids Commercial Building For Rent

      Commercial building for rent in Grand Rapids, Michigan.
      1001 S Unit, Grand Rapids, MI 49507
      View Details
    • $19 SF/Yr
      4,505 SF

      Grand Rapids Class A Office

      Class A office space available for lease in Grand Rapids.
      5211 Cascade Rd SE, Grand Rapids, MI 49546
      View Details
    • $14 SF/Yr
      2,000 SF

      Grand Rapids Retail/Manufacturing Space

      2,000 sq ft space suitable for retail or manufacturing.
      1612 Diamond Ave NE, Grand Rapids, MI 49505
      View Details
    • $9 SF/Yr
      9,696 SF

      Grand Rapids Commercial Building ForRent

      Commercial building in Grand Rapids, MI, with ample parking.
      1001 S Unit, Grand Rapids, MI 49507
      View Details
    • $7 SF/Yr
      10,644 SF

      Grand Rapids Commercial Space Available

      Industrial/Warehouse space for lease in Grand Rapids, Michigan.
      2655 Buchanan Ave SW, Grand Rapids, MI 49548
      View Details
    • $9 SF/Yr
      9,696 SF

      Grand Rapids Commercial Building For Rent

      Renovated building with ample parking on busy Division Avenue.
      1001 S Unit, Grand Rapids, MI 49507
      View Details
    • $13 SF/Yr
      10,722 SF

      Walker, MI Commercial Space

      Commercial space available for lease in Walker, Michigan.
      25 N Park St NW, Grand Rapids, MI 49544
      View Details
    • Contact for pricing
      660 SF

      Grand Rapids Office/Medical Suite

      Professional office/medical suite with I-96 access and ample parking.
      833 Kenmoor Ave SE, Grand Rapids, MI 49546
      View Details
    • $20 SF/Yr

      New Mixed-Use Property For Rent

      Newly constructed mixed-use property with customizable office suites available for rent.
      614 1St St NW, Grand Rapids, MI 49504
      View Details
    • $15 SF/Yr
      52,030 SF

      Retail Space in Heritage Hill

      Prime retail space in the Historical Heritage Hill District.
      345 State St SE, Grand Rapids, MI 49503
      View Details
    • $25 SF/Yr
      363,948 SF

      Class A Retail Suite Downtown

      Retail suite in downtown Grand Rapids with high ceilings.
      20 Fulton St E, Grand Rapids, MI 49503
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Waterfront Office Space, Flexible Lease Terms
    Where is this office property / space located?
    The property is located at 3737 Lake Eastbrook Blvd Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $20-$42 SF/Yr.
    (616) 774-3500
    Request Owner's contact information
    3737 Lake Eastbrook Blvd Grand Rapids, MI 49546
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3737 Lake Eastbrook Blvd
    Grand Rapids, MI 49546
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    3737 Lake Eastbrook Blvd Grand Rapids, MI 49546
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gary Albrecht
    Gary Albrecht
    Real Estate License ID: 6501370145
    (616) 774-3500 (616) 242-5171
    Learn more
    Google sign-in failed. Please try again or use another login method.