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

    8506 Division Ave Ave Byron Center, MI 49315

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-visibility land, ideal for retail/office.

    Property Features for 8506 Division Ave Ave

    General Information

    Property type
    Land
    Lot Size
    18,731 SF

    We can help!

    Listing Contact
    Brian D Silvernail
    Brian D Silvernail

    Listing Agency: VENTURE REAL ESTATE GROUP LLC Listing Agent: Brian D Silvernail

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

    Learn more

    Overview

    This 0.43-acre commercial land parcel is located at 8506 Division Ave S in Byron Center, Michigan, 49315. The asking price is $120,000. This highly visible property presents a fantastic opportunity for various commercial ventures, including retail or office spaces. The lot is situated near the intersection of 84th and Division Avenue, ensuring excellent visibility and accessibility. The property currently has no utilities connected, however public water is available. This makes it a blank canvas for developers to tailor utilities to their specific needs. The property is within the Byron Center High School district, providing valuable contextual information for potential buyers. Given its prime location and size, this land parcel represents a strong investment opportunity in a growing area. Serious inquiries are encouraged to explore the potential of this exceptional commercial property. The property is zoned for commercial use. Further due diligence is recommended to confirm zoning and permitted uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Byron Center
    County
    Kent
    State
    Michigan
    Longitude
    -85.6635076
    Latitude
    42.809508

    Nearby Similar for Sale

    • $115,000

      Brookshire Meadows East Home

      Well-laid-out home in a 55+ community.
      7749 Turtle Dove Dr SE, Byron Center, MI 49315
      View Details
    • $5,000,000
      10,000 SF

      Prime Byron Center Daycare Investment

      Class A daycare, NNN lease, 7% cap rate.
      2220 64Th St, Byron Center, MI 49315
      View Details
    • $5,000,000

      Child Care Franchise Opportunity

      Child care franchise in Byron Center, Michigan with NNN lease.
      2264 Byron Vw Dr SW, Byron Center, MI 49315
      View Details

    FAQs

    What type of property is this?
    Land - High-visibility land, ideal for retail/office.
    Where is this land located?
    The property is located at 8506 Division Ave Ave Byron Center, MI.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: 0.43-acre commercial lot in Byron Center, MI, asking $120,000.; High visibility at 84th and Division Ave intersection.; Public water available; utilities not currently connected.
    (616) 437-1883 Call to check price and availability
    Request Owner's contact information
    8506 Division Ave Ave Byron Center, MI 49315
    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.
    8506 Division Ave Ave
    Byron Center, MI 49315
    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
    8506 Division Ave Ave Byron Center, MI 49315
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian D Silvernail
    Brian D Silvernail
    Real Estate License ID: 6501229897
    (616) 437-1883 (616) 257-1500 (616) 862-1736
    Learn more
    Google sign-in failed. Please try again or use another login method.