Financial
Distress signals
Property profile

1612 Diamond Ave NE 1616 Grand Rapids, MI 49505

FOR LEASE
Retail space
Property ID
US43-1814944
5,748 SF 0.51 ac lot Built 1964
Last sale Mar 2017 · $240,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This flex space totals 1,700 square feet and is configured as a single-level building divided into two rooms. The interior features cement flooring and includes a front garage door providing ground-level, vehicle-access entry. Built in 1964, the property is located at 1612 Diamond Avenue #1616 in Grand Rapids, Michigan, and its accessible layout supports uses such as industrial work or workshop operations aligned with the existing improvements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$8k
Tax billed · 2021
Assessed value · 2024$308k
Effective rate2.54%

Value estimate

· Sep 2026
$505k
$455k – $556k
Submarket $/SF estimate$676k
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$1k
Operating expenses−$8k
NOI · 147,741.67% cap applied$18k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$81/SF
County average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$44 – $118

Cap rate analysis

How does the asset earn?
147,741.67%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MCN-TBA
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.0
Law Firm17.8
Dental Office16.6

Location

1612 Diamond Ave NE 1616 Grand Rapids, MI 49505
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

12 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
3 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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