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    1303 Post Dr Plainfield charter Township, MI 49306

    • Commercial real estate
    • 19,770 SF
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1445368
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1303 Post Dr

    Property size
    19,770 SF
    Property type
    Commercial real estate

    Description

    This exceptional new construction retail property, located at 1303 Post Dr NE in Plainfield charter Township, Michigan, offers 19,770 square feet of completely vacant space ready for immediate occupancy in Spring 2026. The property is part of a larger retail and multifamily development situated at the intersection of Post Drive and US-131, just north of Grand Rapids, ensuring high visibility and accessibility. Seven individual suites are available, ranging in size from a minimum of 1,495 square feet to a maximum contiguous space of 6,590 square feet. Larger end-cap units with drive-thru capabilities, measuring 1800 square feet or more, are also available. This high-growth market offers significant potential for a variety of businesses, including retail, restaurants, medical offices, physical therapy practices, insurance agencies, and investment firms. The property's location at a major highway exit guarantees high traffic volume, providing excellent exposure for tenants. The Kent County location (APN: 41-10-08-400-033) and 49306 zip code offer easy access to a thriving community. This is a unique opportunity to establish a presence in a rapidly developing area with strong potential for long-term success. Contact us today to learn more about leasing opportunities and secure your space in this exciting new development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield charter Township
    County
    Kent
    State
    Michigan
    Longitude
    -85.6356729
    Latitude
    43.0928107

    Comparable in this City

    • $13 SF/Yr

      Retail Space in Belmont Area

      1,300 SF retail space in a growing Belmont area.
      1259 Post Dr NE, Belmont, MI 49306
      View Details
    • $13 SF/Yr
      7,612 SF

      Prime Plainfield Retail Space

      Two Suites Available, Ample Parking
      6231 Riv Dr, Plainfield charter Township, MI 49306
      View Details
    • $15 SF/Yr
      4,800 SF

      West River Drive Retail Space

      Belmont, MI Retail Opportunity: 1,200 SF Available
      6245 Riv Dr, Belmont, MI 49306
      View Details

    Similar Nearby for Sale

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      Prime Plainfield Office Land

      Two parcels, ideal office development.
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    • $105,500

      Belmont Residence in Northern Estates

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      Belmont, MI Wooded Land Parcel

      2.89 acres of wooded land near Grand Rapids.
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    • $150,000
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      2.5 Acres with River Frontage

      Land with Grand River frontage in Rockford School District.
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    • $116,000

      Red Oak Drive Property

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      1412 Red Oak Dr NE, Belmont, MI 49306
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      Belmont Land Opportunity

      4.56 acre homesite in Cannon Township, bring your own builder.
      6191 Cannonsburg Rd NE, Belmont, MI 49306
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    Similar Nearby for Lease

    • $13 SF/Yr

      Retail Space in Belmont Area

      1,300 SF retail space in a growing Belmont area.
      1259 Post Dr NE, Belmont, MI 49306
      View Details
    • $13 SF/Yr
      7,612 SF

      Prime Plainfield Retail Space

      Two Suites Available, Ample Parking
      6231 Riv Dr, Plainfield charter Township, MI 49306
      View Details
    • $15 SF/Yr
      4,800 SF

      West River Drive Retail Space

      Belmont, MI Retail Opportunity: 1,200 SF Available
      6245 Riv Dr, Belmont, MI 49306
      View Details
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    Plainfield charter Township, MI 49306
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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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