4410 Division Avenue South, Grand Rapids, MI 49548
Free-standing retail building with drive-thru on heavily traveled corner.
- Added:
- Mar 8, 2023
- Days on Market:
- 1216
- Last Refresh:
- May 13 at 8:03 pm
Property Features for 4410 Division Avenue South
General Information
- Standard status
- Active
- Size
- 11,180 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing office Advantage Commercial Real Estate (616) 774-3500
Listing date Mar 8, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Advantage Commercial Real Estate
HighLights
- High‑traffic location at the corner of 44th Street and Division.
- Drive‑thru access.
- Excellent visibility from all directions.
- Pylon signage available.
- Proximity to US 131 (less than 1 mile).
- Immediate possession.
Overview
Local Financial Insights For Retail
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 | $245.5k | $21.96 |
| − Vacancy | −$14.0k | −$1.25 |
| EGI | $231.5k | $20.71 |
| − OpEx | −$69.5k | −$6.21 |
| NOI | $162.1k | $14.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.664189
- Latitude
- 42.883126
