3200 Eagle Park Dr NE, Grand Rapids, MI 49525
Single-story office building in Eaglecrest Office Park with frontage.
- Added:
- Mar 7, 2019
- Days on Market:
- 2678
- Last Refresh:
- May 19 at 8:48 pm
Property Features for 3200 Eagle Park Dr NE
General Information
- Standard status
- Active
- Size
- 29,334 SF
- Property subtype
- Office
Building Details
- Year Built
- 1995
Listing office Colliers - Grand Rapids, Michigan (616) 774-3500
Listing date Mar 7, 2019
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 Colliers - Grand Rapids, Michigan
HighLights
- Single‑story building.
- East Beltline Avenue frontage and visibility.
- Located in Eaglecrest Office Park.
- Excellent lease opportunity.
- Owner‑occupant opportunity.
- Built in 1995.
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 | $471.7k | $16.08 |
| − Vacancy | −$106.1k | −$3.62 |
| EGI | $365.6k | $12.46 |
| − OpEx | −$91.4k | −$3.12 |
| NOI | $274.2k | $9.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.5888226
- Latitude
- 42.9890315
