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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11901 Fulton E St Lowell, MI 49331-9822

    • Retail space
    • 196,043 SF
    • 37.61 lot acres
    OFF-MARKET
    Value Estimations
    $10,425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2162246
    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

    • Meijer Pharmacy / Drug Store / Medical Supply Store
    • Meijer / Supermarket / Department Store
    • Quick-Tag / Pet Supply Store
    • Meijer Optical / Optometrist / Contact Lenses Supplier
    • higi / Health Consultant

    Property Details for 11901 Fulton E St

    Year built
    2000
    Lot size
    37.61 lot acres
    Property size
    196,043 SF
    Zone code
    COMM
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    41-20-04-426-047
    APU
    412004426047

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,423,000
      Market price range: $8.64M - $23.1M
      AI Estimate
      $10,423,000
      Market price range: $8.64M - $23.1M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $15,930,000
      Current use
      COMMERCIAL (GENERAL)
      $16,110,000
      Change: +1% Conversion: Easy
      OFFICE BUILDING
      $15,030,000
      Change: -6% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Kent
    State
    Michigan
    Longitude
    -85.3746
    Latitude
    42.9336
    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
    $212,753
    $0.00
    $0.00
    $4,744,300
    -
    $0.00
    $0.00
    $9,488,600

    Comparable in this City

    • Value Estimation by Request
      4,158 SF

      11915 Fulton E St

      FINANCIAL BUILDING • 4,158 SF
      11915 Fulton E St, Lowell, MI 49331-8613
      View Details
    • Value Estimation
      $1,595,000
      13,527 SF

      11980 Fulton E St

      DRUG STORE, PHARMACY • 13,527 SF
      11980 Fulton E St, Lowell, MI 49331-9428
      View Details
    • Value Estimation by Request
      4,134 SF

      4475 Alden Nash SE Ave

      GROCERY, SUPERMARKET • 4,134 SF
      4475 Alden Nash SE Ave, Lowell, MI 49331-8988
      View Details
    • Value Estimation by Request
      1,856 SF

      11947 Fulton E St

      AUTO REPAIR, GARAGE • 1,856 SF
      11947 Fulton E St, Lowell, MI 49331-9428
      View Details
    • Value Estimation by Request
      3,200 SF

      11998 Cascade SE Rd

      AUTO REPAIR, GARAGE • 3,200 SF
      11998 Cascade SE Rd, Lowell, MI 49331-8524
      View Details
    • Value Estimation
      $525,000
      2,378 SF

      11656 Fulton E St

      RESTAURANT • 2,378 SF
      11656 Fulton E St, Lowell, MI 49331-9426
      View Details

    Similar Nearby for Sale

    • $1,750,000
      5,318 SF

      Retail Property on M-21

      Freestanding retail property built in 2021 with high traffic.
      2264 W Main St, Lowell, MI 49331
      View Details
    • $225,000
      Pending

      Retail/Office Building in Downtown Lowell

      Retail or office building in a fast-growing Michigan city.
      427 E Main St, Lowell, MI 49331
      View Details
    • $1,950,000
      10,004 SF

      Lowell Retail Building - $1.95M

      10,004 SF Vacant Pharmacy/Drug Store
      1401 Main St, Lowell, MI 49331
      View Details
    • $385,000
      0.82 Acres

      Lowell Commercial Land: Prime Location

      0.82-acre commercial lot, ideal for development.
      2531 Main St, Lowell, MI 49331
      View Details
    • $119,900
      Pending

      Residential Land with River Frontage

      28-acre residential development with private Flat River frontage.
      12845 Triple Oak Dr NE, Lowell, MI 49331
      View Details
    • $199,900
      2.21 Acres

      Tranquil Wooded Parcel in Lowell

      Wooded 2.21-acre parcel with views of Flat River Backwater.
      Vl Burroughs St NE, Lowell, MI 49331
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    Similar Nearby for Lease

    • $12 SF/Yr
      1,464 SF

      Retail Space in Lowell, MI

      Retail space available for lease in Lowell, Michigan.
      1004 W Main St, Lowell, MI 49331
      View Details
    • $13 SF/Yr
      20,000 SF

      Lowell Retail Space For Lease

      Prime Lowell location, 2,700 sq ft available.
      1335 Main St, Lowell, MI 49331
      View Details
    • $6 SF/Yr
      1,000,000 SF

      I-96 Industrial Land Development Opportunity

      237 Acres, Build-to-Suit Potential
      4687 Alden Nash Ave, Lowell, MI 49331
      View Details
    • Contact for pricing
      3,500 SF

      Medical Office Space Available

      Built-out medical office/clinic space in a central business district.
      11921 Fulton St E, Lowell, MI 49331
      View Details
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    11901 Fulton E St
    Lowell, MI 49331-9822
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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