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    Property profile & analytics

    5405 Patterson Ave Grand Rapids, MI 49512

    • Industrial land
    • 2.11 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimation
    Last Sale
    Mar 21, 2022
    Location Intelligence
    Property ID
    US43-1967711
    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

    • Industrial land

    Property Details for 5405 Patterson Ave

    Lot size
    2.11 lot acres
    Property type
    Industrial land
    APN
    41-18-36-200-053
    APU
    411836200053

    Description

    This exceptional new industrial development, slated for completion at the end of 2024, offers five available spaces ranging from 2,800 to 8,400 square feet. Strategically located on Patterson Avenue SE, just north of Broadmoor Avenue SE in Kent County, this property boasts excellent frontage at the intersection of two major thoroughfares within the region's largest industrial market. Each suite features custom office buildouts, providing a blend of functional workspace and modern amenities. High ceilings, reaching 18 feet clear, offer ample vertical space for various industrial needs. Convenient drive-in doors ensure efficient loading and unloading operations. The property's prime location and modern features make it an ideal choice for businesses seeking a high-visibility, functional, and well-equipped space to support their operations. This is a rare opportunity to secure space in a brand-new development within a thriving industrial area. Contact us today to learn more about these exceptional industrial suites and secure your space before they're gone.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kentwood
    County
    Kent
    State
    Michigan
    Longitude
    -85.547
    Latitude
    42.8643
    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
    2023
    $0.00
    $0.00
    $0.00
    $105,500
    -
    $0.00
    $0.00
    $211,000

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    5405 Patterson Ave
    Grand Rapids, MI 49512
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    Realmo Value Estimation

    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.

    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.

    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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