Single-Story Office Building For
For Sale
$3,300,075
3200 EAGLE PARK DR NE, Grand Rapids, MI 49525
Single-story office building in Eaglecrest Office Park with frontage.
Property Size29,334 SF
Price / SF$112.50
Days on Market524
Property Features for 3200 EAGLE PARK DR NE
General Information
Standard status
Active
Size
29,334 SF
Total Parking Spaces
170
Property subtype
Office
Zoning
OR-PUD
Amenities
Power
Water
Sewer
170 Parking Spaces
Building Details
Year Built
1995
Tenancy
Multi-Tenant
Listing Agency:
Colliers - Grand Rapids
Listed By:
Scott Morgan · License #6502112210
(616) 292-3455
Source:
Carwm.resimplifi
Added: May 1, 2025
Changed: Sep 10
Last Checked: Oct 5 at 3:18PM
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
Investment Insights
Based on property information with market context.
This is a single-story building located in Eaglecrest Office Park, offering frontage and visibility on East Beltline Avenue. The property, suitable for either lease or owner-occupancy, has a size of 29334 square feet.
Key Highlights
- Single‑story building.
- East Beltline Avenue frontage and visibility.
- Located in Eaglecrest Office Park.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$274,170
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,483,400
$5.5M
Cap Rate 7%
$3,916,714
$3.9M
Cap Rate 9%
$3,046,333
$3.0M
Market Conditions
NOI Build-Up for 29,334 SF
Gross rent
$471.7K $16.08/SF
− Vacancy
−$106.1K −$3.62/SF
EGI
$365.6K $12.46/SF
− OpEx
−$91.4K −$3.12/SF
NOI
$274.2K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,483,400
Cap Rate 7%
$3,916,714
Cap Rate 9%
$3,046,333
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,170 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.81M
$5.96M – $7.94M
NOI $476,531 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 49525, MI
30,275
Population
12,577
Households
2.4
Avg Household Size
39
Median Age
49%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
1,294
Density / Sq Mi
$87,969
Median Household Income
$45,740
Median Earnings
$1,335
Median Rent
$292,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Office building - Single-story office building in Eaglecrest Office Park with frontage.
Where is this office building located?
The property is located at 3200 EAGLE PARK DR NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $3,300,075.
What are key features of this property?
This property features: Single‑story building.; East Beltline Avenue frontage and visibility.; Located in Eaglecrest Office Park.
