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Property profile & analytics
FOR SALE
Commercial real estate
4000 Remembrance Rd NW Grand Rapids, MI 49534
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-1398788
For Sale
1 / 51
$584,900
4000 Remembrance Rd NW, Grand Rapids, MI 49534
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Property summary
AI-generated overview
This exceptional investment opportunity presents a five-unit commercial building situated on a one-acre lot at 4000 Remembrance Road NW in Walker, MI. Currently, two units are leased: a flower shop generating $1,200 per month in rent and a commercial kitchen bringing in $1,350 monthly. This translates to a current combined monthly income of $2,550. The property boasts significant upside potential with three additional vacant units ready for immediate occupancy. These include a second commercial kitchen and two updated office spaces, offering a total potential monthly rental income of $9,150. The building is equipped with modern amenities designed to attract tenants, including newer three-phase ground-run power, a dual 23-foot hood system, two walk-in coolers, and an 8x6 freezer. Further enhancing its appeal are updated plumbing and gutters, a commercial water heater, a dishwashing system, and a substantial 2,000 square-foot storage area complete with bay doors. Both office spaces have undergone recent renovations. The building is fully compliant with all applicable codes and regulations, making it an ideal investment for immediate income generation and future growth. A separate business is also available for purchase via a land contract. The building has a floor load capacity of 1 ton. Priced at $739,900.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Total area
8,521 SF
Lot
1 ac (43,560 SF)
Zoning code
ORP
APN
41-13-18-228-008
UPID
US43-1398788
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vault Catering and Events Take-out & Catering Catering Service
-
Kitchen Sage Charitable Organization Social Service Agency
-
Daddy's Dough Cookies Bakery Specialty Food Shop
-
Tracey's ATM: Accounting & Tax Management Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$450k
Owner & transaction history
Vault Cafe LLC · 9 yrs held
Vault Cafe LLC
since 2017
7 recorded transactions
Zoning & alternative use
ORP · Grand Rapids, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grand Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$450k
Range $405k – $495k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$8,948
Tax year 2021
Assessed value
$263,500
Assessed 2023
Previous assessed
$227,900
+15.6% YoY
Effective rate
3.40%
On assessed value
Total market value
$527,000
Applied tax rate
86.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1940
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
8,521 SF
Lot
1 ac (43,560 SF)
Zoning code
ORP
APN
41-13-18-228-008
UPID
US43-1398788
Jurisdiction
KENT
Zoning & alternative use
ORP · Grand Rapids, MIZoning ORP · permitted uses
ORP · Grand Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1940
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Vault Cafe LLC
Entity
Mailing address
4000 REMEMBRANCE RD NW, GRAND RAPIDS, MI 49534-7589
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
—
Vault Cafe LLC
—
Deed
related
$200,000 · Daniel Deward
Sep 30, 2019
—
Vault Cafe LLC
—
Deed
related
$100,000 · Daniel De Ward
Jul 14, 2017
—
Vault Cafe LLC
Coastal Real Estate Holdings LLC
Warranty Deed
$120,000 · Fifth Third Bank
Aug 5, 2005
—
W T Properties LLC
—
Trustees Deed
related
$40,000 · Macatawa Bank
Jul 9, 2003
—
Wt Properties LLC
Ld Properties West Mi
Grant Deed
$355,000 · Macatawa Bank
—
—
Vault Cafe LLC
—
Deed Of Trust
related
$100,000 · Daniel De Ward
—
—
W T Properties LLC
—
Deed Of Trust
related
$380,000 · Macatawa Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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