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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Retail space
12232 Riv Rd Grand Rapids, OH 43522-9333
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US66-2257530
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Total area
8,042 SF
Lot
8.7 ac (378,972 SF)
Zoning code
25-NZ
APN
51-18057
UPID
US66-2257530
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
$880k
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$845k
Owner & transaction history
Ds Freedom Properties LLC · 18 yrs held
Ds Freedom Properties LLC
since 2007
4 recorded transactions
Zoning & alternative use
25-NZ · Grand Rapids, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+103.4%
Medical building
$815,000
+43.1%
Neighborhood: shopping center
$650,000
+14.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$820,000
Alternative Use
Use
Estimation
RETAIL STORES
$570,000
Current use
RESTAURANT
$1,155,000
Change: +103% · Conversion: Easy
MEDICAL BUILDING
$815,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$590,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$520,000
Change: -9% · Conversion: Easy
OFFICE BUILDING
$515,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$845k
Range $761k – $930k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,457
Tax year 2023
Assessed value
$137,375
Assessed 2023
Previous assessed
$137,375
+0.0% YoY
Effective rate
6.16%
On assessed value
Assessed land
$42,280
Assessed improvement
$95,095
Land market value
$120,800
Improvement market value
$271,700
Total market value
$392,500
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Heating
NONE
Stories
1
Rooms
10
Bathrooms
2
Total area
8,042 SF
Lot
8.7 ac (378,972 SF)
Zoning code
25-NZ
APN
51-18057
UPID
US66-2257530
Jurisdiction
LUCAS
Zoning & alternative use
25-NZ · Grand Rapids, OH
Zoning 25-NZ · permitted uses
25-NZ · Grand Rapids, OH
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$570,000
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$520,000
OFFICE BUILDING
Est. value
$515,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
1
Rooms
10
Bathrooms
2
Lot
8.7 ac
Current owner
From public records · entity-resolved
Ds Freedom Properties LLC
Entity
Mailing address
6180 S WINDING WAY, SWANTON, OH 43558-9582
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2018
—
Ds Freedom Properties LLC
—
Deed
related
$113,838 · The Huntington National Bank
Oct 6, 2017
—
Ds Freedom Properties LLC
—
Deed
related
$578,402 · Fifth Third Bank
Jul 30, 2007
$78,550
Ds Freedom Properties LLC
Creps,daniel & Audrey J
Warranty Deed
—
Jul 30, 2007
$157,100
Ds Freedom Properties LLC
Glassford,james L & Margaretta A
Warranty Deed
$240,000 · Fifth Third 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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