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Property profile & analytics
OFF-MARKET
Office buildings
201 Main Ave, Zeeland, MI 49464-1615
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-2027789
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
4,644 SF
Lot
0.26 ac (11,413 SF)
Zoning code
C-1
APN
70-16-13-461-019
UPID
US43-2027789
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
-
Main Street Bicycle Company (Bike/Boat/Book/etc) Store
-
Dr. Steven Kraft Alternative Medicine Practice
-
Kraft Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
201 W Main LLC · 2 yrs held
201 W Main LLC
since 2024
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
C-1 · Zeeland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Zeeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zeeland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,374
Tax year 2022
Assessed value
$200,200
Assessed 2023
Previous assessed
$200,200
+0.0% YoY
Effective rate
3.18%
On assessed value
Total market value
$400,400
Applied tax rate
79.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
4,644 SF
Lot
0.26 ac (11,413 SF)
Zoning code
C-1
APN
70-16-13-461-019
UPID
US43-2027789
Jurisdiction
OTTAWA
Zoning & alternative use
C-1 · Zeeland, MI
Zoning C-1 · permitted uses
C-1 · Zeeland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zeeland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
201 W Main LLC
Entity
Mailing address
9321 PRT SHELDON ST, ZEELAND, MI 49464-9404
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$350,000
201 W Main LLC
Jeffrey E Bing
Warranty Deed
$280,000 · First National Bank Of Michigan
Feb 14, 2022
—
Sunday Lanch Properties LLC
Judith R Heuvelhurst
Quitclaim Deed
related
—
Feb 14, 2022
$140,000
Jack A Heuvlester
Judith R Heavellhirst
Warranty Deed
—
Jul 21, 2017
—
Jeffrey E Bing
Jeffrey E Bing
Intrafamily Transfer
related
—
Apr 17, 2017
—
Sunday Lunch Properties LLC
Jack Heuvelhorst
Deed
—
Aug 2, 2006
$310,000
Jeffrey E Bing
Bing Family Partnership
Corporation Deed
$272,000 · Macatawa Bank
Jul 12, 2006
—
Bing Family Partnership
Kenneth Bing
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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