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

    6350 Division S Ave Grand Rapids, MI 49548-6711

    • Grocery and convenience stores
    • 3,124 SF
    • 2.06 lot acres
    OFF-MARKET
    Last Sale
    Oct 18, 2021
    $800,000
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    8.4%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US43-1024534
    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

    • Quality Car Wash / Car Detailing Service / Car Wash
    • Marathon / Gas Station

    Property Details for 6350 Division S Ave

    Year built
    1988
    Lot size
    2.06 lot acres
    Property size
    3,124 SF
    Zone code
    C2-HEAVY COMM
    Property type
    Grocery and convenience stores
    APN
    41-22-06-301-021
    APU
    412206301021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $540,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $755,000
      6.5%
      $695,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $367,000
      Market price range: $138k - $368k
      AI Estimate
      $367,000
      Market price range: $138k - $368k

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6631
    Latitude
    42.8476
    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
    $0.00
    $0.00
    $0.00
    $976,800
    -
    $0.00
    $0.00
    $1,953,600

    Comparable in this City

    • Value Estimation by Request
      1,681 SF

      781 68th SE St

      CONVENIENCE STORE • 1,681 SF
      781 68th SE St, Grand Rapids, MI 49548-6934
      View Details
    • Value Estimation by Request
      18,240 SF

      7144 Division S Ave

      STORE, RETAIL OUTLET • 18,240 SF
      7144 Division S Ave, Grand Rapids, MI 49548-7943
      View Details
    • Value Estimation by Request
      1,520 SF

      6972 Division S Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,520 SF
      6972 Division S Ave, Grand Rapids, MI 49548-7178
      View Details
    • Value Estimation by Request
      20,028 SF

      6522 Division S Ave

      STORE, RETAIL OUTLET • 20,028 SF
      6522 Division S Ave, Grand Rapids, MI 49548-7882
      View Details
    • Value Estimation by Request
      1,248 SF

      4603 Division Ave

      Individual retail properties • 1,248 SF
      4603 Division Ave, Grand Rapids, MI 49548
      View Details
    • Value Estimation by Request
      76,370 SF

      350 28th SE St

      RETAIL STORES (PERSONAL SERVICES) • 76,370 SF
      350 28th SE St, Grand Rapids, MI 49548-1108
      View Details

    Similar Nearby for Sale

    • $2,350,000
      11,180 SF

      Kentwood Convenience Store Investment

      High-traffic location, NNN lease, strong ROI.
      4410 Division Ave, Kentwood, MI 49548
      View Details
    • $1,900,000
      17,780 SF

      Grand Rapids Warehouse with Showroom

      Warehouse with showroom, offices, breakroom, and loading docks.
      459 36Th St SE, Grand Rapids, MI 49548
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    • $799,000

      Retail, Office, Medical Office Building

      16,992 SF building suitable for retail, office, or medical use.
      5500 Division Ave S, Grand Rapids, MI 49548
      View Details
    • $3,950,000
      5.10 Acres

      Grand Rapids Commercial Land - $3.95M

      Prime 5-acre retail site, high traffic.
      155 28Th St, Grand Rapids, MI 49548
      View Details
    • $795,000
      4,638 SF

      Redevelopment Opportunity in Wyoming Corridor

      1.06-acre corner parcel with redevelopment potential in Wyoming, MI.
      3340 Division Ave S, Grand Rapids, MI 49548
      View Details
    • $680,000

      Renovated Commercial Property with Suites

      Three connected, renovated suites with flexible separation and parking.
      4445-4449 Division Ave S, Wyoming, MI 49548
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      16,200 SF

      Wyoming Industrial Warehouse Space

      16,200 SF Warehouse, Flexible Units Available
      3729 Linden Ave, Wyoming, MI 49548
      View Details
    • $10 SF/Yr

      Prime Retail Space on 28th

      Spacious retail space with high visibility and ample parking.
      730 28Th St SE, Grand Rapids, MI 49548
      View Details
    • $15 SF/Yr
      19,600 SF

      Kellogg Center Retail Space

      Grand Rapids retail space, 1,118 sq ft available.
      5370-5396 Division Ave, Kentwood, MI 49548
      View Details
    • $12 SF/Yr

      Freestanding Retail/Office Building Available

      Freestanding retail/office building on Division Avenue South for lease.
      6983 Division Ave S, Grand Rapids, MI 49548
      View Details
    • Contact for pricing
      14,096 SF

      Grand Rapids Retail Center Investment

      Prime Retail Space, 14,096 SF, Kent County
      6233 Division Ave, Grand Rapids, MI 49548
      View Details
    • $14 SF/Yr
      11,180 SF

      Division Ave Retail Opportunity

      High-Visibility Retail Space, 11,180 SF
      4410 Division Ave, Kentwood, MI 49548
      View Details
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    6350 Division S Ave
    Grand Rapids, MI 49548-6711
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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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