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Property profile & analytics
OFF-MARKET Estimated value $1,470,000
Commercial real estate

2306 Camelot Rdg SE Ct Grand Rapids, MI 49546-2434

15,650 SF 4.64 ac lot Built 2002
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US43-1856042
Property summary
AI-generated overview

This exceptional 15,650-square-foot commercial building, situated on a spacious 4.64-acre lot in Grand Rapids, Michigan, presents a remarkable investment opportunity. Built in 2002, this single-story Class B office building boasts a prime location with high-profile signage on heavily traveled East Paris Avenue, ensuring excellent visibility and accessibility. The property features a versatile layout suitable for various uses, including creative office, traditional office, and retail, as reflected in its C-2 Commercial zoning. Currently vacant, the building offers a blank canvas for customization, with existing features including office space, a conference room, a break room, a large open area with two drive-in doors, and full air conditioning. The pre-engineered steel construction ensures durability and longevity. The ample parking and expansive lot size provide room for future expansion. The asking price is $1,950,000, translating to $124.60 per square foot. The lease type is NNN, and the property is offered as a single tenancy. The seller is open to negotiating tenant improvements. This property offers a unique blend of functionality, location, and potential, making it an ideal investment for discerning buyers seeking a versatile and well-positioned commercial space.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2002
Total area 15,650 SF
Lot 4.64 ac (201,944 SF)
Zoning code R1-C
APN 41-18-12-101-052
UPID US43-1856042
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
  • Gymco Gym & Fitness Center
  • Little Space Photos Photography Service (Bike/Boat/Book/etc) Store
  • Gymco Discovery Preschool High School Daycare Center
  • Trusted Rides Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.47M
Owner & transaction history
2306 Camelot Ridge LLC · 6 yrs held
2306 Camelot Ridge LLC
since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A
Zoning & alternative use
R1-C · Grand Rapids, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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