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    4939 14 Mile Rd Cedar Springs, MI 49319
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    4939 14 Mile Rd, Cedar Springs, MI 49319

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    • Retail properties & Spaces
    • 6.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4939 14 Mile Rd

    Lot size
    6.00 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 4939 14 Mile Rd in Cedar Springs, Michigan, presents a unique investment opportunity. Priced at $525,000, this vacant property offers 6 acres of land and is situated in Kent County, with a zip code of 49319. The property type is retail, and the lease type is a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. The property's current status is vacant, providing a blank canvas for a new business or an ideal opportunity for an investor to lease to a suitable tenant. The property's location at 4939 14 Mile Rd offers excellent visibility and accessibility, making it an attractive proposition for a wide range of retail businesses. Given the ample lot size of 6 acres, there is significant potential for expansion or development. This property is an excellent investment for those seeking a strong foothold in the Cedar Springs retail market. The property's vacant status allows for complete customization to suit the needs of a future tenant or owner-occupier. Its strategic location and substantial lot size combine to create a compelling investment opportunity with significant upside potential. The asking price of $525,000 represents a competitive entry point into the Cedar Springs commercial real estate market. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Springs
    County
    Kent
    State
    Michigan
    Longitude
    -85.5406
    Latitude
    43.2234

    Comparable in this City

    • Value Estimation by Request

      4011 Cedar Springs Ave

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      4011 Cedar Springs Ave, Cedar Springs, MI 49319
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      5.51 Acres

      14291/14353 White Creek Ave

      Land
      14291/14353 White Creek Ave, Cedar Springs, MI 49319
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    • Value Estimation by Request
      1.20 Acres

      14300 White Creek Ave

      Retail properties & Spaces
      14300 White Creek Ave, Cedar Springs, MI 49319
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    • Value Estimation by Request
      3,600 SF

      206 Main

      RETAIL STORES (PERSONAL SERVICES)
      206 Main, Cedar Springs, MI 49319-9709
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      4,606 SF

      171 Muskegon St

      RETAIL STORES (PERSONAL SERVICES)
      171 Muskegon St, Cedar Springs, MI 49319-9456
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    • Value Estimation by Request
      7,104 SF

      598 17th Mile NE Rd

      AUTO REPAIR, GARAGE
      598 17th Mile NE Rd, Cedar Springs, MI 49319-9335
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    Cedar Springs, MI 49319
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    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
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