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    4251 36Th St Kentwood, MI 49512

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    4251 36Th St Kentwood, MI 49512

    View on Map
    • Commercial real estate
    • 16.00 lot acres
    Off-Market
    Property ID
    US43-1334285
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4251 36Th St

    Lot size
    16.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 16-acre industrial land parcel presents a significant investment opportunity in Kentwood, Michigan's thriving Grand Rapids Airport Corridor. Currently zoned for future industrial development, this property boasts unparalleled access to major transportation arteries, including easy on/off ramps to I-96 and M-6, ensuring seamless logistics and distribution. The high-visibility frontage along 36th Street provides excellent branding potential for any future development. Located at 4251 36th St SE, Kentwood, MI 49512 (42.8985553, -85.5617326), this site is ideally positioned to capitalize on the region's robust economic growth and expanding industrial sector. The asking price for this prime piece of real estate is $2,000,000. Its size and location make it suitable for a wide range of industrial uses, offering significant potential for long-term return on investment. The property's strategic location within the airport corridor further enhances its appeal, providing convenient access to air freight and transportation networks. This is a rare opportunity to acquire a substantial land holding in a high-demand area with excellent infrastructure and accessibility. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kentwood
    County
    Kent
    State
    Michigan
    Longitude
    -85.5617326
    Latitude
    42.8985553

    Comparable in this City

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      Residential Land in Kentwood, MI

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      Residential Lot in Kentwood, MI

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    Similar Nearby for Sale

    • Contact for pricing
      23,563 SF

      Grand Rapids Manufacturing Facility For Sale

      Manufacturing facility in Grand Rapids Airport Submarket with highway access.
      4327 Airlane Dr SE, Grand Rapids, MI 49512
      View Details
    • Contact for pricing
      19,560 SF

      Kentwood Industrial Building on 2.49 Acres

      19,560 SF industrial building with expansion potential.
      4423 40Th St SE, Kentwood, MI 49512
      View Details
    • Contact for pricing

      Land Near M-6 and Broadmoor

      Vacant land suitable for multi-family or hotel development.
      5362 60Th St SE, Grand Rapids, MI 49512
      View Details
    • New
      $50,000
      Pending

      Buildable Lot Near Amenities

      Half-acre lot suitable for building a dream home.
      3290 Breton Rd SE, Grand Rapids, MI 49512
      View Details
    • New
      $169,900
      Pending

      Residential Land in Kentwood, MI

      1.67 acre lot ready for your future home.
      5599 Wing Ave SE, Kentwood, MI 49512
      View Details
    • $130,000
      0.22 Acres

      Residential Lot in Kentwood, MI

      0.22-acre corner lot ready for your dream home.
      3026 Arbor Crk Ln SE, Kentwood, MI 49512
      View Details

    Similar Nearby for Lease

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      Kentwood Industrial Building with Office

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      Industrial Flex Space For Lease

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      Broadmoor Avenue Commercial Space Available

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    • $5 SF/Yr
      40,000 SF

      Industrial Space Available For Lease

      73,905 square foot industrial space for lease.
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      Kentwood Industrial Space For Lease

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      4156 Danvers Ct SE, Kentwood, MI 49512
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      Kentwood Industrial Space for Lease

      Industrial building with warehouse space available for lease.
      2929 32Nd St SE, Kentwood, MI 49512
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    4251 36Th St
    Kentwood, MI 49512
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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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