Shopping
New
For Sale
$15,800,000
9479 Riley Street, Zeeland, MI 49464
Built in 2002, the property is located in Zeeland, Michigan.
Property Size85,900 SF
Price / SF$183.93
Days on Market2
Property Features for 9479 Riley Street
General Information
Standard status
Active
Size
85,900 SF
Zoning
C
Taxes and HOA fees
Annual Taxes
$155,663
Building Details
Year Built
2002
Buildings
4
Stories
1
Listed By:
J. Keller Properties, LLC
(734) 369-8239
Source:
Jkellerproperties.idxbroker
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 7:29PM
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 J. Keller Properties, LLC
Investment Insights
Based on property information with market context.
This shopping center at 9479 Riley Street in Zeeland, Michigan, was built in 2002. The property contains 85,900 square feet and is identified with one bathroom.
Key Highlights
- 85,900‑square‑foot shopping center
- Built in 2002
- One bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$891,718
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,834,360
$17.8M
Cap Rate 7%
$12,738,829
$12.7M
Cap Rate 9%
$9,907,978
$9.9M
Market Conditions
NOI Build-Up for 85,900 SF
Gross rent
$1.33M $15.48/SF
− Vacancy
−$55.8K −$0.65/SF
EGI
$1.27M $14.83/SF
− OpEx
−$382.2K −$4.45/SF
NOI
$891.7K $10.38/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,834,360
Cap Rate 7%
$12,738,829
Cap Rate 9%
$9,907,978
Alternative Uses
Best Use
Retail
$12.74M
$11.15M – $14.86M
NOI $891,718 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1,068.19M
$934.67M – $1,246.22M
NOI $74,773,286 @ 7.0% cap · market cap 473.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49464, MI
29,654
Population
11,001
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
73.1 sq mi
ZIP Area
406
Density / Sq Mi
$97,573
Median Household Income
$47,030
Median Earnings
$976
Median Rent
$316,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Bridgewater Square Shopping Center — 9479 Riley St, Zeeland, MI 49464
Frequently Asked Questions
What type of property is this?
Shopping center - Built in 2002, the property is located in Zeeland, Michigan.
Where is this shopping center located?
The property is located at 9479 Riley Street Zeeland, MI.
What is the asking price?
The asking price for this property is $15,800,000.
What are key features of this property?
This property features: 85,900‑square‑foot shopping center; Built in 2002; One bathroom
