Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2840 Beltline Ave Grand Rapids, MI 49525
    Back to Search
    Property profile & analytics

    2840 Beltline Ave Grand Rapids, MI 49525

    View on Map
    • Retail properties & Spaces
    • 2,891 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Redstone Homes Design Studio / Interior Design / Home Decor Store

    Property Details for 2840 Beltline Ave

    Property size
    2,891 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 2,891 square foot executive office space is ideally situated at 2840 East Beltline Avenue NE in Grand Rapids, Michigan, at the intersection of East Beltline Avenue NE and Three Mile Road. The property boasts excellent visibility and ample parking, making it highly accessible for clients and employees. The space is currently vacant and ready for immediate occupancy. The building is zoned C-1, offering flexibility for a variety of commercial uses. The property features a storefront and traditional office layout, suitable for businesses requiring both retail and office functionality. With a total of 2,891 square feet, this multi-tenant building presents a significant opportunity for a business seeking a prominent location in a thriving area. The property's APN is 41-14-02-352-001, located in Kent County, Michigan, zip code 49525. This is a rare opportunity to secure a high-profile space in a desirable Grand Rapids location. The property's size and location make it an ideal choice for a variety of businesses seeking a high-visibility presence. The ample parking ensures convenient access for clients and staff. Don't miss this chance to establish your business in this prime commercial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.5895
    Latitude
    43.0145

    Comparable in this City

    • Value Estimation by Request
      1,125 SF

      5250 Northland Dr

      Individual retail properties • 1,125 SF
      5250 Northland Dr, Grand Rapids, MI 49525
      View Details
    • Value Estimation by Request
      6.54 Acres

      2284 Beltline Ave

      Individual retail properties • 6.54 Acres
      2284 Beltline Ave, Grand Rapids, MI 49525
      View Details
    • Value Estimation by Request
      3,600 SF

      5163 Northland Dr

      Individual retail properties • 3,600 SF
      5163 Northland Dr, Grand Rapids, MI 49525
      View Details
    • Value Estimation by Request
      2,916 SF

      2052 Celadon Dr

      Office Spaces • 2,916 SF
      2052 Celadon Dr, Grand Rapids, MI 49525
      View Details
    • Value Estimation by Request

      2088 Beltline Ave

      Individual retail properties
      2088 Beltline Ave, Grand Rapids, MI 49525
      View Details
    • Value Estimation by Request
      4,841 SF

      6750 Kalamazoo Ave

      Retail properties & Spaces • 4,841 SF
      6750 Kalamazoo Ave, Grand Rapids, MI 49525
      View Details

    Similar Nearby for Sale

    • $1,950,000
      6.54 Acres

      Grand Rapids Storefront Investment

      Prime 6.54-acre Beltline Ave. site
      2284 Beltline Ave, Grand Rapids, MI 49525
      View Details
    • $6,100,000
      8,283 SF

      Grand Rapids Retail Investment Opportunity

      NN leased, three-tenant investment property in Grand Rapids, Michigan.
      2135 E Beltline Ave NE, Grand Rapids, MI 49525
      View Details
    • New
      $299,900
      2,406 SF

      Mixed-Use Property on Plainfield Avenue

      High-visibility mixed-use property ideal for various business ventures.
      5352 Plainfield Ave NE, Grand Rapids, MI 49525
      View Details
    • $4,700,000

      Grand Rapids Office/Medical Complex

      Office and medical complex in thriving NE submarket.
      3264 N Evergreen Dr NE, Grand Rapids, MI 49525
      View Details
    • $4,600,000
      31,761 SF

      Grand Rapids Office/Medical Complex

      Office and medical complex in a sought-after professional corridor.
      3264 N Evergreen Dr NE, Grand Rapids, MI 49525
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space on Plainfield Avenue

      End cap suite in high-traffic retail area for lease.
      4196 Plainfield Ave NE, Grand Rapids, MI 49525
      View Details
    • Contact for pricing

      Class A Suburban Retail Space

      Modern loft-style suite suitable for various professional uses.
      1600 E Beltline Ave NE, Grand Rapids, MI 49525
      View Details
    • $10 SF/Yr

      Renovated Retail/Office Space Available

      Highly visible retail or office space with ample parking.
      4485 Plainfield Ave NE, Grand Rapids, MI 49525
      View Details
    • $16 SF/Yr

      Northland Drive Retail/Office Space

      Located on Northland Drive near Plainfield Avenue intersection.
      5250 Northland Dr NE, Grand Rapids, MI 49525
      View Details
    • Contact for pricing

      Corner building

      Retail on Plainfield near northwiew high school
      3945 Plainfield ave ne Grand rapids mi, Grand Rapids, MI 49525
      View Details
    • $13 SF/Yr
      22,624 SF

      Grand Rapids Executive Office Space

      Prime Office Suite, 3,381 SF Available
      3152 Peregrine Dr, Grand Rapids, MI 49525
      View Details
    Request Owner's contact information
    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.
    2840 Beltline Ave
    Grand Rapids, MI 49525
    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
    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

    Thank You for Inquiry
    2840 Beltline Ave, Grand Rapids, MI, 49525
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!