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Property profile & analytics
OFF-MARKET
Warehouses
1175 Burton SE St, Grand Rapids, MI 49507-3325
Entity Owned
Free & Clear
Property ID
US43-1101948
Property summary
AI-generated overview
This industrial building is located in Grand Rapids, Michigan, providing access to US 131 and downtown Grand Rapids. Situated on a 0.43-acre lot in Kent County, the property encompasses a total area of 15,271 square feet. The building includes space configured for storage and office use, and also contains two additional units.
Property profile
Verified
Property type
Warehouses
Use group
INDUSTRIAL (GENERAL)
Year built
1927
Total area
15,271 SF
Lot
0.44 ac (18,949 SF)
Zoning code
TN-TBA
APN
41-18-05-457-010
UPID
US43-1101948
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
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
Nightjar Properties LLC
Nightjar Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
TN-TBA · 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 2021Property tax & assessments
Tax year 2021
Tax billed
$8,294
Tax year 2021
Assessed value
$245,900
Assessed 2023
Previous assessed
$245,900
+0.0% YoY
Effective rate
3.37%
On assessed value
Total market value
$491,800
Applied tax rate
51.0000
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
Warehouses
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1927
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
15,271 SF
Lot
0.44 ac (18,949 SF)
Zoning code
TN-TBA
APN
41-18-05-457-010
UPID
US43-1101948
Jurisdiction
KENT
Zoning & alternative use
TN-TBA · Grand Rapids, MI
Zoning TN-TBA · permitted uses
TN-TBA · 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
1927
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
Nightjar Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4500 KALAMAZOO AVE SE, GRAND RAPIDS, MI 49508-4625
Ownership since
2025
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
Dec 5, 2025
—
Nightjar Properties LLC
Ofield Leasing LLC
Deed
—
Sep 22, 2023
—
Ofield Leasing LLC
1175 Burton LLC
Warranty Deed
$540,000 · Kellogg Community Cu
May 31, 2018
$200,000
Kevin Luciani
Clean Cut Cleaning Svcs LLC
Warranty Deed
—
May 31, 2018
—
1175 Burton LLC
Kurt Suidinski
Quit Claim Deed
related
$280,000 · Choiceone Bank
Jan 4, 2018
$200,000
Clean Cut Cleaning Svcs LLC
Kornoelje Kenneth J Trust
Warranty Deed
—
Oct 26, 2016
—
Clean Cut Cleaning Services
Kornoelje Kenneth J Trust
Grant Deed
—
—
—
Kornoelje,tr
—
Deed Of Trust
related
$270,000 · Huntington National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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