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Property profile & analytics
OFF-MARKET
Commercial real estate
1300 Madison SE Ave, Grand Rapids, MI 49507-1784
Individually Owned
2-yr Hold
Property ID
US43-1456203
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.51 ac (22,216 SF)
Zoning code
TN-TBA
APN
41-18-06-203-001
UPID
US43-1456203
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
Current use
Occupant on record · Public records
-
The Avenue Apartments Apartment Complex
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
Avenue II Apt Ltd Divided Hsng Assn · 2 yrs held
Avenue II Apt Ltd Divided Hsng Assn
since 2023
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
$19
Tax year 2021
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.51 ac (22,216 SF)
Zoning code
TN-TBA
APN
41-18-06-203-001
UPID
US43-1456203
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
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
Avenue II Apt Ltd Divided Hsng Assn
Individual
Mailing address
1167 MADISON AVE SE, GRAND RAPIDS, MI 49507-1200
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
—
Avenue II Apt Ltd Divided Hsng Assn
Avenue Apt Limitted Dividend Hsng A
Intrafamily Transfer
related
—
Aug 17, 2023
—
Avenue II Apt Ltd Dividend Hsng Ass
—
Deed
related
$394,418 · City Of Grand Rapids
Dec 14, 2005
—
Avenue Apts Ltd Dividend Hsng
—
Grant Deed
related
$1,100,000 · Select Bank
Nov 29, 2005
—
Avenue Apts Ltd Dividend Hsng
Lighthouse Communities INC
Warranty Deed
—
Jan 4, 2005
—
Lighthouse Communities INC
Fifth Third Bank
Other
$57,000 · Fifth Third Bank Western Michigan
—
—
Avenue Apts Ltd Dividend Hsng
—
Deed Of Trust
related
$100,000 · Capital Fund Investment Corp
—
—
Avenue Apts Ltd Dividend Hsng
—
Deed Of Trust
related
$150,000 · Grand Rapids City (mi)
—
—
Avenue Apts Ltd Dividend Hsng
—
Deed Of Trust
related
$117,803 · Capital Fund Investment Corp
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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