Property profile

1135 133Rd Ave Wayland, MI 49348

FOR LEASE
Industrial land
Property ID
US43-2048839
25.15 ac lot
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 1135 133rd Avenue in Wayland, Michigan (Allegan County, zip code 49348), offers a flexible and customizable space ideal for manufacturing and warehousing operations. The property encompasses a total of 93,300 square feet, with multiple units available, ranging from a minimum of 31,100 square feet to a maximum contiguous space of 93,300 square feet. This allows for businesses of various sizes to find a suitable fit. The property's strategic location at the intersection of Reno Drive and 133rd Avenue provides convenient access to US-131, facilitating efficient transportation to and from the Kalamazoo and Grand Rapids markets. The property is designated by APN 56-007-011-00. The building design and suite sizes can be tailored to meet specific tenant requirements, presenting a build-to-suit opportunity. This versatile property is perfect for businesses seeking a well-located, adaptable industrial space in a thriving Michigan market. The property is classified as industrial, with subtypes of manufacturing and warehouse.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 25.15 ac (1,095,534 SF)
APN 56-007-011-00
UPID US43-2048839

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1135 133Rd Ave Wayland, MI 49348
Wayland metro Census 30502 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2019
3 recorded transactions
2022
Price N/A
2019
$20,000
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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