Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5189 Byron Ctr SW Ave Wyoming, MI 49519
    Back to Search
    Property profile & analytics

    5189 Byron Ctr SW Ave Wyoming, MI 49519

    View on Map
    • Commercial land
    • 1.70 lot acres
    Off-Market
    Last Sale Mar 24, 2025
    $380,000
    Property ID
    US43-1392075
    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 land

    Property Details for 5189 Byron Ctr SW Ave

    Lot size
    1.70 lot acres
    Zone code
    R01
    Property type
    Commercial land
    APN
    41-17-28-478-024
    APU
    411728478024

    Description

    This exceptional 1.76-acre commercial land parcel presents a unique investment opportunity in Wyoming, Michigan. Ideally situated at 5189 Byron Center Ave SW, this property boasts a highly visible corner location, offering unparalleled exposure to significant traffic volume. Its proximity to the M-6 interchange and Metro Health Hospital ensures high traffic counts and easy accessibility for potential businesses. The lot is zoned for commercial use, providing flexibility for a wide range of development options. Utilities are conveniently located at the street, simplifying infrastructure connections. The property features a traffic-signaled intersection, further enhancing visibility and accessibility. The lot dimensions are approximately 272 feet by 276 feet, providing ample space for construction. The asking price is $390,000. The property's APN is 41-17-28-478-024. This is a for sale by owner listing. This prime location and its commercial zoning make it an ideal site for a variety of businesses seeking high visibility and convenient access to major transportation routes and healthcare facilities. Don't miss this chance to acquire a highly desirable commercial property in a thriving Michigan community.

    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
    Wyoming
    County
    Kent
    State
    Michigan
    Longitude
    -85.7241
    Latitude
    42.8706
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $2,148
    $0.00
    $0.00
    $201,800
    -
    $0.00
    $0.00
    $403,600

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      1947 Porter SW St

      VACANT COMMERCIAL LAND • 0.05 Acres
      1947 Porter SW St, Wyoming, MI 49519-2289
      View Details
    • Value Estimation by Request
      2.28 Acres

      Rr Row Row

      VACANT COMMERCIAL LAND • 2.28 Acres
      Rr Row Row, Wyoming, MI 49519
      View Details
    • Value Estimation by Request
      4.11 Acres

      Rr Row Row

      VACANT COMMERCIAL LAND • 4.11 Acres
      Rr Row Row, Wyoming, MI 49519
      View Details
    • Value Estimation by Request

      1617 Chicago SW Dr

      VACANT COMMERCIAL LAND
      1617 Chicago SW Dr, Wyoming, MI 49519-1204
      View Details
    • Value Estimation by Request
      1.38 Acres

      2275 44th SW St

      VACANT COMMERCIAL LAND • 1.38 Acres
      2275 44th SW St, Wyoming, MI 49519-4256
      View Details
    • Value Estimation by Request
      6.10 Acres

      Kent Trl

      VACANT COMMERCIAL LAND • 6.10 Acres
      Kent Trl, Wyoming, MI 49519
      View Details

    Similar Nearby for Sale

    • $274,900

      Commercial Land in Growing Community

      Land available in booming Grand Rapids, Michigan.
      2780 28Th St SW, Wyoming, MI 49519
      View Details
    • Contact for pricing

      2.123 Acre Industrial Land

      2.123 acres of I-1 zoned land for sale.
      2777 28Th St SW, Wyoming, MI 49519
      View Details
    • $45,000
      Pending

      Land Available in Wyoming

      Land for sale in Wyoming, Michigan.
      2048 Wyoming Ave SW, Wyoming, MI 49519
      View Details
    • Contact for pricing
      1,093 SF

      Refurbished Retail Building in Wyoming

      Renovated 1948 building with high-traffic location, ideal for retail.
      2259 Porter St SW, Wyoming, MI 49519
      View Details
    • $479,000
      Pending

      Wyoming Four-Unit Investment Property

      Well-maintained four-unit property with income potential in Wyoming.
      3027 Taft Ave SW, Wyoming, MI 49519
      View Details
    • $319,900

      Turn-Key Duplex Investment Opportunity

      Duplex with strong rental income, ready for tenants or owner.
      3680 Boone Ave SW, Wyoming, MI 49519
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr

      Restaurant Pads at Metro Health

      Restaurant pads available on waterfront in growing mixed-use development.
      2360 Health Dr SW, Wyoming, MI 49519
      View Details
    • Contact for pricing

      Drive-Thru Lot Lease Opportunity

      Commercial land available for ground lease or build-to-suit.
      2375 28Th St Southwest, Wyoming, MI 49519
      View Details
    • Contact for pricing

      Retail Development with Drive-Thru Opportunity

      New retail development with drive-thru opportunity in Wyoming, Michigan.
      5980 Metro Way, Wyoming, MI 49519
      View Details
    • $20 SF/Yr
      10,855 SF

      Former CVS: Wyoming, MI Retail Space

      High-visibility retail building, 10,855 sq ft.
      2375 28Th St, Wyoming, MI 49519
      View Details
    • $13 SF/Yr

      Retail and Office Space Available

      Retail and office spaces for lease in high-traffic Wyoming center.
      1851 44Th St SW, Wyoming, MI 49519
      View Details
    • Contact for pricing

      Wyoming Industrial Facility For Lease

      33,000 SF industrial facility with high ceilings and versatile capabilities.
      2505 Thornwood St Southwest, Wyoming, MI 49519
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5189 Byron Ctr SW Ave
    Wyoming, MI 49519
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5189 Byron Ctr SW Ave, Wyoming, MI, 49519
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!