Entity Owned Property summary
AI-generated overview
The property is a three-tenant, net-net (NN) leased investment building in Grand Rapids, Michigan, offered as fee simple ownership (land and building). It is configured to accommodate three separate tenants under existing lease arrangements that include initial terms of approximately 10 years with multiple extension options. The leases are structured as net-net (NN), indicating limited landlord responsibilities, and include scheduled rent increases every five years during the initial lease terms and at the start of each option period.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
5,814 SF
Lot
1.44 ac (62,596 SF)
Zoning code
SD-PRD
APN
41-14-10-477-008
UPID
US43-0513427
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$801k
Blend (final)
Blend
$400k
Owner & transaction history
since 2026
7 recorded transactions
Zoning & alternative use
SD-PRD · Grand Rapids, MI
Zoning description
The Planned Redevelopment District may be appropriate when it may be necessary or desirable to deviate from the standards in another Zone District to ensure that desirable and compatible development occurs
General category
UNKNOWN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$400k
Value range
$360k – $440k
±10% around blend
Estimated value / SF
$69 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$360k
blend $400k
$440k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,814 SF
Lot area
1.44 ac
Year built
2003
Stories
1
APN
41-14-10-477-008
Zoning
SD-PRD
Assessed value
$754,400
Annual tax
$33,909
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$468k
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.1 mi away · 4,752 SF
5.1 mi away · 4,752 SF
5.6 mi away · 4,480 SF
5.6 mi away · 5,999 SF
7.4 mi away · 4,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$400k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 377 sales
$88
-21%
County 593 sales
$82
-16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $69/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$754k
Move the market yield to see immediate price impact.
Value / SF
$130
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$48k
$951k
$679k
$528k
$53k
$1.06M
$754k
$587k
$58k
$1.16M
$830k
$645k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$338k
4.3 mi · Oct 2025 · $63/SF
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$33,909
Tax year 2021
Assessed value
$754,400
Assessed 2023
Previous assessed
$735,700
+2.5% YoY
Effective rate
4.49%
On assessed value
Total market value
$1,508,800
Applied tax rate
51.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Buildings
5
Stories
1
Total area
5,814 SF
Lot
1.44 ac (62,596 SF)
Zoning code
SD-PRD
APN
41-14-10-477-008
UPID
US43-0513427
Jurisdiction
KENT
Zoning & alternative use
SD-PRD · Grand Rapids, MIZoning SD-PRD · permitted uses
SD-PRD · Grand Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Planned Redevelopment District may be appropriate when it may be necessary or desirable to deviate from the standards in another Zone District to ensure that desirable and compatible development occurs
General category
UNKNOWN
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Stories
1
Buildings
5
Lot
1.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
SD-PRD
UNKNOWN
Jurisdiction
Grand Rapids, MI
Recorded code
SD-PRD
Official district
SD-PRD
Official district profile
What the municipal code says about SD-PRD
Zoning description
The Planned Redevelopment District may be appropriate when it may be necessary or desirable to deviate from the standards in another Zone District to ensure that desirable and compatible development occurs
General category
UNKNOWN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SD-PRD in Grand Rapids, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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