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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
1679 68th SE St Caledonia, MI 49316-7347
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-1390634
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
5,216 SF
Lot
0.58 ac (25,265 SF)
Zoning code
OS-OFFICE SERVI
APN
41-22-04-351-055
UPID
US43-1390634
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
-
Dr. Heather VanDenHeuvel Veterinary Clinic
-
Dr. William VanDenHeuvel Veterinary Clinic
-
Berkshire Hathaway HomeServices Michigan Real Estate Real Estate Agency
-
Daniel G Realty Berkshire Hathaway HomeServices Michigan Real Estate Real Estate Agency
-
Title REsource Agency Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$690k
Owner & transaction history
Van Den Hauvel Veterinary LLC · 5 yrs held
Van Den Hauvel Veterinary LLC
since 2020
5 recorded transactions
Zoning & alternative use
OS-OFFICE SERVI · Caledonia, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$430,000
+7.2%
Retail stores
$425,000
+6.0%
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 Caledonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Caledonia 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Change: +7% · Conversion: Easy
RETAIL STORES
$425,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
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
$480,800
Assessed 2023
Previous assessed
$429,400
+12.0% YoY
Total market value
$961,600
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
5,216 SF
Lot
0.58 ac (25,265 SF)
Zoning code
OS-OFFICE SERVI
APN
41-22-04-351-055
UPID
US43-1390634
Jurisdiction
KENT
Zoning & alternative use
OS-OFFICE SERVI · Caledonia, MI
Zoning OS-OFFICE SERVI · permitted uses
OS-OFFICE SERVI · Caledonia, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Caledonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$430,000
RETAIL STORES
Est. value
$425,000
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Van Den Hauvel Veterinary LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4920 BROADMOOR AVE SE, GRAND RAPIDS, MI 49512-5359
Ownership since
2020
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
Mar 28, 2024
—
Van Den Heuvel Veterinary LLC
—
Deed
related
$692,000 · Fifth Third Bank NA
Oct 20, 2020
—
Van Den Hauvel Veterinary LLC
T E Properties LLC
Warranty Deed
—
Sep 29, 2020
—
Van Den Huevel Veterinarty LLC
—
Deed
related
$825,000 · First Financial Bank
Aug 11, 2008
—
68th & Kalamazoo LLC
—
Trustees Deed
related
$500,000 · Huntington National Bank
Nov 30, 2007
—
Kalamazoo LLC
Design I Gaines LLC
Warranty Deed
—
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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