Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1415 Fulton E St Grand Rapids, MI 49503-3853

    • Grocery and convenience stores
    • 36,255 SF
    • 3.47 lot acres
    OFF-MARKET
    Value Estimations
    $4,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1998708
    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

    • Family Fare Supermarket / Grocery & Convenience Store / Food Market
    • Family Fare Pharmacy / Pharmacy
    • Coinstar / Bank / Credit Union
    • Western Union / Bank / Credit Union
    • Fast Lane / Take-out & Catering / Grocery & Convenience Store

    Property Details for 1415 Fulton E St

    Year built
    1991
    Lot size
    3.47 lot acres
    Property size
    36,255 SF
    Zone code
    TN-TBA
    Property type
    Grocery and convenience stores
    APN
    41-14-29-258-050
    APU
    411429258050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,268,000
      Market price range: $1.60M - $4.27M
      AI Estimate
      $4,268,000
      Market price range: $1.60M - $4.27M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,945,000
      Current use
      COMMERCIAL (GENERAL)
      $3,755,000
      Change: +27% Conversion: Easy
      OFFICE BUILDING
      $2,780,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6357
    Latitude
    42.9639
    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
    $0.00
    $0.00
    $0.00
    $3,533,000
    -
    $0.00
    $0.00
    $7,066,000

    Comparable in this City

    • Value Estimation by Request
      4,855 SF

      1135 Grand Rpd

      Individual retail properties • 4,855 SF
      1135 Grand Rpd, Grand Rapids, MI 49503
      View Details
    • Value Estimation by Request
      3,216 SF

      620 Wealthy SE St

      RETAIL STORES (PERSONAL SERVICES) • 3,216 SF
      620 Wealthy SE St, Grand Rapids, MI 49503-5432
      View Details
    • Value Estimation by Request
      12,425 SF

      440 Chavez Ave

      Individual retail properties • 12,425 SF
      440 Chavez Ave, Grand Rapids, MI 49503
      View Details
    • Value Estimation by Request
      975 SF

      1317 Fulton E St

      RETAIL STORES (PERSONAL SERVICES) • 975 SF
      1317 Fulton E St, Grand Rapids, MI 49503-3851
      View Details
    • Value Estimation
      $5,145,000
      116,764 SF

      820 Monroe NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 116,764 SF
      820 Monroe NW Ave, Grand Rapids, MI 49503-1442
      View Details
    • Value Estimation by Request
      2,221 SF

      911 Cesar E Chavez SW Ave

      AUTO REPAIR, GARAGE • 2,221 SF
      911 Cesar E Chavez SW Ave, Grand Rapids, MI 49503-5023
      View Details

    Similar Nearby for Sale

    • $1,500,000
      12,000 SF

      Historic Grand Rapids Station

      Prime Retail Space, High Growth Area
      431 Wealthy St, Grand Rapids, MI 49503
      View Details
    • $425,000
      4,855 SF

      Downtown Grand Rapids Storefront

      High-traffic retail space, redevelopment opportunity.
      1135 Grand Rpd, Grand Rapids, MI 49503
      View Details
    • $1,050,000
      4,614 SF

      Versatile Commercial Building in Grand Rapids

      Renovated commercial building with retail and apartment income potential.
      953 Fulton St E, Grand Rapids, MI 49503
      View Details
    • $2,790,000
      Pending

      Historic Harris Lofts Building For Sale

      Unique mixed-use building in downtown Grand Rapids, ideal for various businesses.
      111 Division Ave S, Grand Rapids, MI 49503
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      52,030 SF

      Retail Space in Heritage Hill

      Prime retail space in the Historical Heritage Hill District.
      345 State St SE, Grand Rapids, MI 49503
      View Details
    • $11 SF/Yr
      53,687 SF

      Downtown Grand Rapids Retail Space

      Prime retail space in the heart of downtown Grand Rapids.
      240 Ionia Ave SW, Grand Rapids, MI 49503
      View Details
    • $19 SF/Yr
      3,126 SF

      New Retail Suites Available

      Modern retail suites for lease in growing commercial district.
      1010 E Chavez Ave SW, Grand Rapids, MI 49503
      View Details
    • $18 SF/Yr
      10,003 SF

      Division Avenue Commercial Spaces Available

      Prime downtown Grand Rapids location with flexible commercial spaces.
      111 Division Ave N, Grand Rapids, MI 49503
      View Details
    • $15 SF/Yr
      1,446 SF

      Retail Spaces in High-Traffic Area

      Two commercial spaces available in a high-traffic area.
      623 Eastern Ave SE, Grand Rapids, MI 49503
      View Details

    Property Visit Statistics

    • Visits by month
      29.0k
    • Visitors by month
      17.1k
    • Avg Time on site
      15 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1415 Fulton E St
    Grand Rapids, MI 49503-3853
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!