$12 SF/Yr 1,700 SF available

1612 Diamond Ave NE 1616, Grand Rapids, MI 49505
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The property at 1612 Diamond Avenue #1616 in Grand Rapids, Michigan consists of approximately 1,700 square feet of single-level flex space built in 1964. It is configured as two rooms with cement floors and features a front garage door that provides ground-level, direct vehicle access. The layout is suited for industrial work, workshop operations, or other commercial uses compatible 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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?

$8k

Tax billed · 2021

Assessed value · 2024$308k

Effective rate2.54%

Value estimate

· Nov 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 and 4 qualifying comparable sales.

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

Qualifying comparables4

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

1612 Diamond Ave NE 1616 Grand Rapids, MI 49505

County assessor Recorded deeds · 6 transfers 4 qualifying comp sales 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

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

Value Estimation
$375,000

5,838 SF

1511 Plainfield NE Ave

RETAIL STORES (PERSONAL SERVICES)

1511 Plainfield NE Ave, Grand Rapids, MI 49505-4922

View Details
Value Estimation
$510,000

5,257 SF

1555 Plainfield NE Ave

RETAIL STORES (PERSONAL SERVICES)

1555 Plainfield NE Ave, Grand Rapids, MI 49505-4944

View Details
Value Estimation
$395,000

3,337 SF

1375 Plainfield NE Ave

GROCERY, SUPERMARKET

1375 Plainfield NE Ave, Grand Rapids, MI 49505-4942

View Details

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1612 Diamond Ave NE 1616 Grand Rapids, MI 49505

Property summary