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Property profile & analytics
OFF-MARKET
Medical Office Space
1559 68th SE St, Grand Rapids, MI 49508-7010
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-0923722
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2015
Total area
3,973 SF
Lot
0.61 ac (26,572 SF)
Zoning code
RL-10 LOW RES
APN
41-22-05-476-007
UPID
US43-0923722
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
-
Gaines Pediatric Dentistry Dental Office
-
Dr. Daniel O'callaghan Dental Office
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
1559 68th Street Se LLC · 5 yrs held
1559 68th Street Se LLC
since 2021
5 recorded transactions
Zoning & alternative use
RL-10 LOW RES · 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
Assessed value
$521,500
Assessed 2023
Previous assessed
$476,000
+9.6% YoY
Total market value
$1,043,000
Applied tax rate
20.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2015
Heating
FORCED AIR
Buildings
1
Stories
1
Bathrooms
1
Total area
3,973 SF
Lot
0.61 ac (26,572 SF)
Zoning code
RL-10 LOW RES
APN
41-22-05-476-007
UPID
US43-0923722
Jurisdiction
KENT
Zoning & alternative use
RL-10 LOW RES · Grand Rapids, MI
Zoning RL-10 LOW RES · permitted uses
RL-10 LOW RES · 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
Year built
2015
Heating
FORCED AIR
Stories
1
Buildings
1
Bathrooms
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
1559 68th Street Se LLC
Entity
Mailing address
1559 68TH ST SE, GRAND RAPIDS, MI 49508-7010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
—
1559 68th Street Se LLC
Talmid LLC
Warranty Deed
$840,000 · Pnc Bk
Mar 10, 2015
$130,000
Talmid LLC
Byron Acquisition LLC
Grant Deed
—
Jul 15, 2011
$136,000
Byron Acquistion LLC
Sheriff Of Kent County
Trustees Deed
related
—
Oct 24, 2006
$220,000
Polly Properties LLC
Rickabough,clifford A & Gayle A
Warranty Deed
$265,000 · Byron Bank
—
—
I559 6bth Street Se LLC
—
Deed Of Trust
related
$840,000 · Pnc Bk
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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