Property profile

11480 53rd Ave Allendale, MI 49401

OFF-MARKET
Warehouses
Property ID
US43-2035776
20,152 SF 1.49 ac lot
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Total area 20,152 SF
Lot 1.49 ac (64,904 SF)
APN 70-09-24-335-001
UPID US43-2035776

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Printing Service
  • Family Recreation Center Community Center
  • Specialty Food Shop (Bike/Boat/Book/etc) Store

Location

11480 53rd Ave Allendale, MI 49401-8502
Allendale metro Census 24401 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.14M
Blend (final) Blend
$490k

Owner & transaction history

since 2013
2 recorded transactions
2023
Price N/A
2013
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $3.0M +38.0%
Office building $2.8M +27.2%
Commercial (general) $2.7M +23.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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