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Property profile & analytics
OFF-MARKET
Strip malls
1035 4th Mile NW Rd, Grand Rapids, MI 49544-1504
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-1290430
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Total area
13,000 SF
Lot
1.13 ac (49,223 SF)
Zoning code
C-2
APN
41-09-35-475-008
UPID
US43-1290430
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
-
Chapel Ridge Daycare and Early Learning Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
New Chapel Christian Ch INC · 8 yrs held
New Chapel Christian Ch INC
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$6,966
Tax year 2019
Applied tax rate
13.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
13,000 SF
Lot
1.13 ac (49,223 SF)
Zoning code
C-2
APN
41-09-35-475-008
UPID
US43-1290430
Jurisdiction
KENT
Zoning & alternative use
C-2 · Grand Rapids, MI
Zoning C-2 · permitted uses
C-2 · Grand Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Rapids. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
New Chapel Christian Ch INC
Entity
Mailing address
1029 PO BOX 141411TH RD NW, GRAND RAPIDS, MI 49514-1411
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
New Chapel Christian Church
—
Deed
related
$595,000 · Christian Community Cu
Jul 10, 2017
—
New Chapel Christian Ch INC
Odom Sustainable Property LLC
Warranty Deed
related
$650,000 · Other Institutional Lenders
Apr 2, 2014
$325,000
Odom Sustainable Property LLC
Zions First National Bank
Deed
—
Apr 8, 2013
$376,646
Zions First Natl Bk
Sheriff Of County Of Kent
Trustees Deed
related
—
Sep 6, 2003
—
Pilar Properties I LLC
Putt,james W & Donna J
Grant Deed
$913,000 · United Bank Of Michigan
Sep 25, 2002
—
Pillar Properties I LLC
Putt,james W & Donna J
Grant Deed
related
—
—
—
Odom Sustainable Property LLC
—
Deed Of Trust
related
$151,000 · Miscellaneous Govt Agcy
—
—
Pillar Properties 1 LLC
—
Deed Of Trust
related
$140,000 · Kent Commerce 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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