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    Roger Ackerman, Grand Rapids, MI

    License ID: 6501295615
    Years of Experience
    25

    Service Locations

    Contact details

    Phone:
    (810) 423-9296
    Office Address:
    3237 Platinum St NE, Grand Rapids, MI 49525

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Residential

    Performance

    Listings
    17
    Price range
    $47k - 775k
    Average price
    $411k

    Listings

    For Sale (12)

    View map
    • $259,900
      5.11 Acres

      5-Acre Commercial Parcel For Sale

      5-acre commercial land parcel with highway exposure in Big Rapids.
      15505 Waldron Way, Big Rapids, MI 49307
      View Details
    • $375,000
      0.10 Acres

      Grand Rapids Four-Unit Investment Property

      Turnkey four-unit property with recent updates and excellent location.
      1046 Lafayette Ave SE, Grand Rapids, MI 49507
      View Details
    • $550,000
      4,896 SF

      Hastings Office Building For Sale

      Four-unit office building with ample parking near downtown Hastings.
      450 Meadow Run Dr, Hastings, MI 49058
      View Details
    • $5,250,000
      Pending

      Historic Grand Rapids Landmark Building

      Versatile 48,211 SF building in downtown Grand Rapids.
      25 Sheldon Ave SE, Grand Rapids, MI 49503
      View Details
    • $830,000
      8,220 SF

      Versatile Retail/Industrial Building For Sale

      Retail/industrial building with warehouse space and recent updates.
      326 N Main St NE, Cedar Springs, MI 49319
      View Details
    • $699,900
      2,910 SF

      Established Auto Repair Business

      Thriving auto repair business with real estate and equipment included.
      8259 S Mason Dr, Newaygo, MI 49337
      View Details
    • Contact for pricing
      222,592 SF

      5 Acre Parcel For Sale

      Commercial land parcel with highway exposure near US-131.
      15505 Waldron Way, Big Rapids, MI 49307
      View Details
    • Contact for pricing
      2,910 SF

      Established Auto Repair Business

      Thriving auto repair business with real estate and equipment included.
      8259 S Mason Dr, Newaygo, MI 49337
      View Details
    • Contact for pricing
      4,896 SF

      Four-Unit Office Building For Sale

      Well-maintained office building with ample parking and recent updates.
      450 Meadow Run Dr, Hastings, MI 49058
      View Details
    • Contact for pricing
      4,896 SF

      Four-Unit Office Building For Sale

      Well-maintained office building with ample parking near M-37.
      430 Meadow Run Dr, Hastings, MI 49058
      View Details
    • $5,250,000

      Historic Grand Rapids Mixed-Use Building

      Landmark property in downtown Grand Rapids with historic architecture.
      25 Sheldon Ave SE, Grand Rapids, MI 49503
      View Details
    • $375,000

      Turnkey Four-Unit Investment Opportunity

      Four-unit property with updated interiors, near downtown Grand Rapids.
      1046 Lafayette Ave SE, Grand Rapids, MI 49507
      View Details

    For Lease (5)

    View map
    • New
      $19 SF/Yr
      Pending

      Grand Rapids Commercial Space For Rent

      Medical or office space in high-traffic Plainfield corridor.
      4270 Plainfield Ave NE, Grand Rapids, MI 49525
      View Details
    • $19 SF/Yr
      1,760 SF

      Grand Rapids Commercial Building For Lease

      Free-standing commercial building in vibrant Grand Rapids corridor.
      1052 Wealthy St SE, Grand Rapids, MI 49506
      View Details
    • $18 SF/Yr

      Medical/Office Space in High-Traffic Area

      Medical or office space with high visibility and easy access.
      4260 Plainfield Ave NE, Grand Rapids, MI 49525
      View Details
    • $18 SF/Yr

      Free-Standing Building in Vibrant Corridor

      Charming 1930 building in high-traffic, walkable Grand Rapids location.
      1052 Wealthy St SE, Grand Rapids, MI 49506
      View Details
    • $18 SF/Yr

      Medical/Office Space in High-Traffic Area

      Medical or office space with high visibility and easy access.
      4270 Plainfield Ave NE, Grand Rapids, MI 49525
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Roger Ackerman, Grand Rapids, MI
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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.

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