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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Auto shops
2000 Chicago Dr Jenison, MI 49428-9252
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-2348284
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2001
Total area
5,440 SF
Lot
0.95 ac (41,295 SF)
Zoning code
HS
APN
70-14-22-450-014
UPID
US43-2348284
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$780k
Owner & transaction history
Trgo Properties LLC · 8 yrs held
Trgo Properties LLC
since 2017
3 recorded transactions
Zoning & alternative use
HS · Jenison, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$805,000
+34.0%
Office building
$745,000
+23.6%
Commercial (general)
$720,000
+19.8%
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 Jenison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jenison 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
AUTO REPAIR, GARAGE
$600,000
Current use
RETAIL STORES
$805,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: +20% · Conversion: Moderate
WAREHOUSE, STORAGE
$585,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$143 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$10,213
Tax year 2022
Assessed value
$307,400
Assessed 2023
Previous assessed
$222,600
+38.1% YoY
Effective rate
3.32%
On assessed value
Total market value
$614,800
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
5,440 SF
Lot
0.95 ac (41,295 SF)
Zoning code
HS
APN
70-14-22-450-014
UPID
US43-2348284
Jurisdiction
OTTAWA
Zoning & alternative use
HS · Jenison, MI
Zoning HS · permitted uses
HS · Jenison, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jenison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$600,000
RETAIL STORES
Est. value
$805,000
OFFICE BUILDING
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$585,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2001
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
0.95 ac
Current owner
From public records · entity-resolved
Trgo Properties LLC
Entity
Mailing address
PO BOX 576, JENISON, MI 49429-0576
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2017
—
Trgo Properties LLC
Az Investment Properties LLC
Warranty Deed
$350,000 · Fifth Third Bank
Sep 11, 2012
$425,000
Az Investments Properties LLC
Stevens Properties & Development Ll
Warranty Deed
—
Sep 11, 2012
—
Az Investments Properties LLC
Kristi Ann Stevens
Quit Claim Deed
related
—
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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