Realmo Analytics

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Property profile

1251 Plainfield Ave NE Grand Rapids, MI 49505

FOR LEASE
Commercial real estate
Property ID
US43-1018705
13,093 SF 0.6 ac lot Built 1925
Last sale Feb 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This unique Grand Rapids investment opportunity presents a mixed-use property totaling 13,093 square feet, situated on a 0.54-acre lot (APN 411418355010). The property, located at 1251 Plainfield Ave NE, 49505, Kent County, Michigan, is comprised of a three-story building constructed in 1925 and renovated in 1960. Its permitted zoning is 201 COMMERCIAL-IMP. The property's diverse income streams include warehouse space, retail space, and multifamily units. Currently, 7,910 square feet of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$9k
Tax billed · 2021
Assessed value · 2023$184k
Effective rate4.91%

Value estimate

· Nov 2026
$385k
$347k – $424k
Submarket $/SF estimate$520k
NOI build-up
Gross scheduled income$85k
Vacancy & credit loss−$19k
Operating expenses−$17k
NOI · 683,255.17% cap applied$50k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$82/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$40 – $126
Qualifying comparables7

Cap rate analysis

How does the asset earn?
683,255.17%
$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TN-TBA
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office18.4
Pharmacy14.2
Nail Salon13.7

Location

1251 Plainfield Ave NE Grand Rapids, MI 49505
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2300 3rd Mile NE, Grand Rapids, MI 49505-3956 $1,600,000 Dec 2025 9,760 SF
1416 Nn NE, Grand Rapids, MI 49505-5059 $225,000 Jul 2022 4,129 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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