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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
1555 Plainfield NE Ave, Grand Rapids, MI 49505-4944
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-2003300
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1928
Total area
5,257 SF
Lot
0.09 ac (3,746 SF)
Zoning code
TN-TBA
APN
41-14-18-326-023
UPID
US43-2003300
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
-
Renee Austin Wedding Clothing & Fashion Store
-
Beckett Investments INC. Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$510k
Owner & transaction history
Jmfeil LLC · 9 yrs held
Jmfeil LLC
since 2016
7 recorded transactions
Zoning & alternative use
TN-TBA · Grand Rapids, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$430,000
+0.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$425,000
Current use
COMMERCIAL (GENERAL)
$430,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$405,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$97 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$8,919
Tax year 2021
Assessed value
$231,300
Assessed 2024
Previous assessed
$282,000
-18.0% YoY
Effective rate
3.86%
On assessed value
Total market value
$462,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1928
Heating
FORCED AIR
Buildings
4
Stories
1
Bathrooms
1
Total area
5,257 SF
Lot
0.09 ac (3,746 SF)
Zoning code
TN-TBA
APN
41-14-18-326-023
UPID
US43-2003300
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$430,000
OFFICE BUILDING
Est. value
$405,000
RETAIL STORES Current
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
1928
Heating
FORCED AIR
Stories
1
Buildings
4
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Jmfeil LLC
Entity
Mailing address
8355 WILDERNESS TRL NE, ADA, MI 49301-9703
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2017
—
Jmfeil LLC
—
Deed
related
$321,766 · Lake Mi Cu
Sep 15, 2016
—
Jmfeil LLC
Feil,justin & Margaret
Quit Claim Deed
$304,786 · Lake Mi Cu
Jul 28, 2016
—
Justin Feil
1555 Plainfield LLC
Warranty Deed
$116,250 · Lake Mi Cu
Oct 28, 2010
$125,000
1555 Plainfield LLC
Paglierani,michael
Warranty Deed
$240,000 · Larry Baker
Jul 28, 2009
—
1555 Plainfield LLC
Beckett,michael & Robin
Quit Claim Deed
related
—
Oct 3, 2007
—
Michael J Beckett
Paglierani,michael
Grant Deed
—
Jan 16, 2007
$103,956
Michael Paglierani
Sheriff Of Kent County
Trustees Deed
related
—
Jul 6, 2005
—
Leo F Chenard
—
Trustees Deed
related
$29,000 · Infinity Home Improvement INC
Jul 6, 1999
$110,500
Leo F Chenard
Misius,john
Grant Deed
—
—
—
Leo Chenard
—
Deed Of Trust
related
$109,478 · Infinity Home Improvement INC
—
—
Jmfeil LLC
—
Loan Modification
related
$321,766 · Lake Mi Cu
—
—
Centinal INC
—
Deed Of Trust
related
$237,000 · Kacos Edward Trust (pt) 006329
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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