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1676 Viewpond SE Dr Kentwood, MI 49508-4994

OFF-MARKET Commercial real estate Google Maps
12,240 SF 1.16 ac lot Built 1980
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$420k
Range $378k – $462k (±10%)
Property ID US43-0923370

Property summary

AI-generated overview

This 12,240 square foot multi-tenant office building at 1676 Viewpond Drive SE in Kentwood, Michigan, presents a unique investment opportunity. Classified as a Class C property, it sits on a 1.16-acre lot and is zoned C4. The building offers a variety of office spaces suitable for medical, traditional office, or coworking uses. Currently, one 1,907 square foot space is available for lease. The property boasts ample parking and high visibility, ensuring convenient access for clients and employees. Its prime location in Kentwood's thriving business district provides easy access to major highways and a wealth of nearby amenities, including retail, dining, and service options. The building's adaptable layout caters to diverse business needs, making it an attractive option for companies seeking a functional and convenient workspace. The Kent County location and 49508 zip code offer excellent accessibility and visibility within the Kent submarket. The property's APN is 41-18-28-153-015. This well-maintained building offers a blend of functionality and convenience, ideal for businesses looking to establish or expand their presence in a dynamic and accessible area. The property's multi-tenant structure provides flexibility for various business sizes and types.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Total area 12,240 SF
Lot 1.16 ac (50,747 SF)
Zoning code C4
APN 41-18-28-153-015
UPID US43-0923370

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$597k
Blend (final) Blend
$420k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2016
$500,000
2016
Price N/A
2012
Price N/A
2003
$575,000
2003
Price N/A
1969
Price N/A

Zoning & alternative use

C4 · Kentwood, MI
Zoning description

outside the city; and C-4 office/business district, which is intended primarily to permit office and business uses of a less intensive nature than those in the other commercial districts. These regulations shall provide…

General category COMMERCIAL

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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