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    330 Terminal St Grand Rapids, MI 49548
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    330 Terminal St Grand Rapids, MI 49548

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    Property Details for 330 Terminal St

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    Discover a significant industrial opportunity strategically located at the intersection of US-131 and 28th Street. This exceptional property encompasses 2 to 3 acres of land, providing ample space for a variety of industrial uses. The site offers a substantial area ranging from 43,560 to 68,389 square feet, perfect for businesses requiring extensive storage or operational space. Its ideal location ensures easy access to major transportation routes, streamlining logistics and enhancing operational efficiency. The property is currently configured for trailer parking and is suitable for trucking fleets or businesses needing substantial outdoor storage. This single-tenant property offers flexible lease terms designed to accommodate individual business needs. The lease includes taxes and insurance, providing predictable and manageable operating costs. Tenants are responsible for additional expenses. This is a rare chance to secure a prime industrial location in a high-growth area, offering unparalleled accessibility and significant potential for long-term success. The property's size and strategic location make it an attractive investment for businesses seeking to establish or expand their operations in a thriving commercial environment. Don't miss this opportunity to secure your industrial footprint in this dynamic location.

    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
    -85.6756
    Latitude
    42.9141

    Comparable in this City

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      5.10 Acres

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      1.81 Acres

      3600 Division Ave

      Land • 1.81 Acres
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    • Value Estimation by Request

      651 50th SW St

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      3838 Clay SW Ave

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      $2,870,000
      80,064 SF

      3522 Lousma SE Dr

      INDUSTRIAL (GENERAL) • 80,064 SF
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    • Value Estimation
      $1,885,000
      37,140 SF

      3993 Roger B Chaffee Mem SE Dr

      INDUSTRIAL (GENERAL) • 37,140 SF
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    Similar Nearby for Sale

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      Grand Rapids Restaurant - Turnkey Opportunity

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      Grand Rapids Commercial Corner Property

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    • $899,900
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      High-visibility commercial property with retail, office, and warehouse space.
      3614-3620 Division Ave S, Grand Rapids, MI 49548
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    • $899,900

      Wyoming Commercial Property on Division

      High-visibility commercial property with retail, office, and warehouse space.
      3614-3620 Division Ave S, Wyoming, MI 49548
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    Similar Nearby for Lease

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      Industrial Space for Lease

      Industrial property with income potential and recent roof updates.
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      High-Visibility Acreage Near M-6

      1.43-acre property near M-6 interchange, suitable for various businesses.
      5980 Metro Way, Wyoming, MI 49548
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      Wyoming, MI Flex Space Available

      Flex space available near US-131 in Wyoming, Michigan.
      3060 Madison Ave SE, Grand Rapids, MI 49548
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      Wyoming Flex Space with Offices

      Flex spaces with office and warehouse components near US-131.
      3516 Roger B Chaffee Blvd SE, Wyoming, MI 49548
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    • Contact for pricing

      Wyoming Office Building with Expansion

      101,682 SF office building with expansion potential.
      4147 Eastern Ave SE, Grand Rapids, MI 49548
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      Industrial Space Near US-131

      40,177 SF industrial space for lease, immediate availability.
      345 32Nd St SW, Grand Rapids, MI 49548
      View Details
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    Grand Rapids, MI 49548
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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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