Property profile

5500 Executive SE Pkwy Grand Rapids, MI 49512

OFF-MARKET
Industrial properties
Property ID
US43-1351248
54,675 SF 6.66 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 56,000-square-foot industrial facility, situated on a 6.63-acre lot in Grand Rapids, Michigan's desirable Airport Area submarket, presents a unique investment opportunity. Built in 2019, this state-of-the-art building boasts a professional corporate image and is conveniently located minutes from M-6 and I-96 highways. The property is impeccably maintained, featuring modern amenities such as solar panel electric generation, an ESFR fire suppression system, and two EV charging stations. High ceilings (26'-30'), ample power (1,200 amps), and efficient column spacing (67'x30') provide optimal functionality. Six loading docks and two drive-in doors ensure efficient material handling. The building also includes 4,500 square feet of beautifully appointed office space and a 2,000-square-foot professionally finished mezzanine (not included in the 56,000 SF total). Currently, 38,990 square feet is available for occupancy within 60-90 days of closing, with 17,010 square feet leased until June 30, 2028, offering immediate income potential for investors. Additional features include LED lighting and six 18' circulating fans. The property's location, modern design, and existing lease provide an attractive proposition for both owner-occupants and investors seeking a high-quality industrial asset in a prime location. The asking price is $7,000,000. The address is 5500 Executive Parkway SE, Grand Rapids, MI 49512.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 54,675 SF
Lot 6.66 ac (290,240 SF)
Zoning code PUD
APN 41-19-31-200-055
UPID US43-1351248

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Electronics & Wireless Store
  • Industrial Manufacturer

Location

5500 Executive SE Pkwy Grand Rapids, MI 49512-5507
Grand Rapids metro Census 12203 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.37M
Blend (final) Blend
$570k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2018
Price N/A
2006
Price N/A

Zoning & alternative use

PUD · Grand Rapids, MI
Top alternative use upside
Retail stores $4.4M +76.4%
Office building $4.2M +66.4%
Auto repair, garage $3.4M +34.5%

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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