Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5222 33rd SE St Grand Rapids, MI 49512-2070

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5222 33rd SE St Grand Rapids, MI 49512-2070

    View on Map
    • Commercial real estate
    • 58,635 SF
    • 4.68 lot acres
    Off-Market
    Property ID
    US43-1248592
    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
    $3,520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • West Michigan Transport - Grand Rapids / Trucking Company
    • Iserv Managed IT Services / Tech Support Center / IT Consulting Firm
    • Paymentech / Loan Service
    • OnTrack ERP Workflow Manufacturing Systems / Industrial Manufacturer / Production Facility
    • 382 Communications / Telecommunications Service

    Property Details for 5222 33rd SE St

    Year built
    1987
    Lot size
    4.68 lot acres
    Property size
    58,635 SF
    Zone code
    TI
    Property type
    Commercial real estate
    APN
    41-19-18-451-012
    APU
    411918451012

    Description

    This exceptional 58,635-square-foot office and industrial property, located in Kent County's Airport District-GRR submarket, offers a unique opportunity. Currently, 20,799 square feet of flexible space is immediately available, perfect for executive offices, R&D, or mixed-use operations. The building boasts a highly visible corner location with convenient access to I-96, M-6, Gerald R. Ford International Airport, and the 28th Street retail corridor. The available space features a predominantly open floor plan with 18-foot ceilings, LED lighting, and floor-to-ceiling windows. Lease terms include exclusive use of a conference room and an oversized overhead door, plus shared access to a secure lobby, employee kitchen, conference/training room, restrooms, and a delivery dock. For a five-year lease or longer, the landlord will renovate the space to move-in ready condition, including new flooring, lighting, and paint. Additionally, up to 27,402 square feet of immediately available warehouse space can be combined with the office space. An additional 9,097 square feet of warehouse space will become available August 1, 2025. This single-story, Class B building sits on a 4.68-acre lot and is zoned TI. 11,702 square feet of office space will be available January 1, 2025. This property presents a compelling investment opportunity in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,521,000
      Market price range: $3.21M - $9.65M
      AI Estimate
      $3,521,000
      Market price range: $3.21M - $9.65M

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.5385
    Latitude
    42.9025
    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
    2019
    $55,327
    $0.00
    $0.00
    $1,933,000
    -
    $0.00
    $0.00
    $3,866,000

    Comparable in this City

    • Value Estimation by Request
      36,271 SF

      4254 28Th St

      Retail properties & Spaces • 36,271 SF
      4254 28Th St, Kentwood, MI 49512
      View Details
    • Value Estimation by Request
      2.00 Acres

      5160 60Th St

      Land • 2.00 Acres
      5160 60Th St, Grand Rapids, MI 49512
      View Details
    • Value Estimation by Request
      1.81 Acres

      44th Se & Patterson Ave

      Land • 1.81 Acres
      44th Se & Patterson Ave, Kentwood, MI 49512
      View Details
    • Value Estimation by Request
      4.27 Acres

      5100 Patterson SE Ave

      COMMERCIAL (GENERAL) • 4.27 Acres
      5100 Patterson SE Ave, Grand Rapids, MI 49512-5343
      View Details
    • Value Estimation by Request

      3000 Kraft SE Ave

      COMMERCIAL (GENERAL)
      3000 Kraft SE Ave, Grand Rapids, MI 49512-2024
      View Details
    • Value Estimation by Request
      4.37 Acres

      4175 Cassard Ln

      COMMERCIAL (GENERAL) • 4.37 Acres
      4175 Cassard Ln, Grand Rapids, MI 49512-9750
      View Details

    Similar Nearby for Sale

    • $450,000
      0.36 Acres

      Kentwood Commercial Property Investment

      Updated Multi-Use Building, High Potential
      3940 29Th St, 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
    • Contact for pricing
      3,696 SF

      Restaurant with Drive-Thru For Sale

      Freestanding restaurant with drive-thru on a heavily traveled retail corridor.
      4550 28Th St SE, Kentwood, 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
    • Contact for pricing

      Shops at Centerpoint Power Center

      575,000 SF open-air center at a high-traffic intersection.
      3665 28Th Street Ct, Grand Rapids, MI 49512
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kentwood Industrial Building with Office

      6,000 SF warehouse with 1,952 SF office space available.
      4774 E Paris Ave SE, Kentwood, MI 49512
      View Details
    • Contact for pricing

      Freestanding Retail Building in Kentwood

      8,400 SF retail building with ample parking and signage.
      4260 28Th St SE, Kentwood, MI 49512
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored office solutions.
      5030 Corporate Exchange Blvd SE, Grand Rapids, MI 49512
      View Details
    • Contact for pricing

      Industrial Flex Space For Lease

      New industrial flex space with frontage on Patterson Avenue.
      5405 Patterson Ave SE, Grand Rapids, MI 49512
      View Details
    • Contact for pricing

      Kentwood Retail Space For Lease

      Retail space available in Kentwood Towne Center.
      4254 28Th St SE, Kentwood, MI 49512
      View Details
    • Contact for pricing

      Broadmoor Avenue Commercial Space Available

      Commercial space with high exposure near Gerald R Ford Airport.
      4665 Broadmoor Ave SE, Grand Rapids, MI 49512
      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.
    5222 33rd SE St
    Grand Rapids, MI 49512-2070
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!