Property profile

1600 American Way Portland, MI 48875

OFF-MARKET
Commercial real estate
Property ID
US43-2109420
14,000 SF 4.79 ac lot Built 1996
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1996
Total area 14,000 SF
Lot 4.79 ac (208,783 SF)
Zoning code C3
APN 34-300-034-000-486-00
UPID US43-2109420

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop Vehicle Inspection Center

Location

1600 American Way Portland, MI 48875-8725
Portland metro Census 31500 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$450k

Owner & transaction history

since 2015
3 recorded transactions
2015
$45,000
2013
Price N/A
2013
$3.7M

Zoning & alternative use

C3 · Portland, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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