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    Property profile & analytics

    2347 68th SE St Caledonia, MI 49316-9083

    • Day care centers
    • 10,593 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1946100
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gaines Township KinderCare / Preschool / Day Care Center

    Property Details for 2347 68th SE St

    Year built
    2007
    Lot size
    1.22 lot acres
    Property size
    10,593 SF
    Zone code
    RL-10 LOW RES
    Property type
    Day care centers
    APN
    41-22-04-477-050
    APU
    412204477050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Caledonia
    County
    Kent
    State
    Michigan
    Longitude
    -85.6064
    Latitude
    42.8414
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $0.00
    $0.00
    $641,100
    -
    $0.00
    $0.00
    $1,282,200

    Comparable in this City

    • Value Estimation by Request
      4,496 SF

      3120 68th SE St

      DAY CARE, PRE-SCHOOL • 4,496 SF
      3120 68th SE St, Caledonia, MI 49316-9133
      View Details
    • Value Estimation by Request
      12,376 SF

      7294 Kraft SE Ave

      DAY CARE, PRE-SCHOOL • 12,376 SF
      7294 Kraft SE Ave, Caledonia, MI 49316-9402
      View Details
    • Value Estimation by Request
      14,010 SF

      8270 Broadmoor SE Ave

      DAY CARE, PRE-SCHOOL • 14,010 SF
      8270 Broadmoor SE Ave, Caledonia, MI 49316-8389
      View Details
    • Value Estimation by Request
      10,686 SF

      8187 Broadmoor SE Ave

      DAY CARE, PRE-SCHOOL • 10,686 SF
      8187 Broadmoor SE Ave, Caledonia, MI 49316-9509
      View Details
    • Value Estimation by Request
      5,744 SF

      5551 76th SE St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,744 SF
      5551 76th SE St, Caledonia, MI 49316
      View Details
    • Value Estimation by Request
      4,224 SF

      2790 92nd SE St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,224 SF
      2790 92nd SE St, Caledonia, MI 49316
      View Details

    Similar Nearby for Sale

    • $850,000
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      Caledonia Commercial Land - $850K

      1.9-acre commercial lot, prime location.
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    • $564,000
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      Caledonia Commercial Land - 3.76 Acres

      Prime Commercial Land, M-6 Corridor, Caledonia, MI
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    • $1,000,000
      1.85 Acres

      Caledonia Commercial Land - $1M

      1.85 Acres, High-Traffic Location, C-2 Zoning
      6949 Broadmoor Ave, Caledonia, MI 49316
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    • $1,355,785
      9,301 SF

      Dollar General NNN Investment

      Grand Rapids MSA, Absolute NNN Lease
      3607 68Th St, Caledonia, MI 49316
      View Details
    • $526,500
      2.34 Acres

      Caledonia Commercial Land - 2.34 Acres

      Prime Commercial Land, M-6 Corridor, Caledonia, MI
      7330 Kraft Ave, Caledonia, MI 49316
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    • $124,900

      Caledonia Home in Country Meadows

      4-bedroom home in pet-friendly community with many amenities.
      5492 Prancer Dr SE, Caledonia, MI 49316
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    Similar Nearby for Lease

    • $7 SF/Yr
      90,450 SF

      6155 E Paris Ave SE: Industrial Space

      Modern Caledonia industrial space for lease.
      6155 Paris Ave, Caledonia, MI 49316
      View Details
    • $33 SF/Yr
      11,100 SF

      Retail Space in Caledonia

      Retail property available for lease in Caledonia, Michigan.
      7163 Broadmoor Ave SE, Caledonia, MI 49316
      View Details
    • $10 SF/Yr

      Office Space on 68th Street

      Flexible office space with high visibility and easy highway access.
      3371 68Th St SE, Caledonia, MI 49316
      View Details
    • $7 SF/Yr
      65,150 SF

      Caledonia Industrial Sublease

      Modern manufacturing space available
      5255 68Th St, Caledonia, MI 49316
      View Details
    • $13 SF/Yr
      1,514 SF

      Caledonia Village Retail/Medical/Office Suite

      Retail/Medical/Office suite in Caledonia Village Center available for rent.
      9363 Cherry Valley Ave SE, Caledonia, MI 49316
      View Details
    • $15 SF/Yr
      2,600 SF

      Caledonia Office Space Available

      Class B Office, 2600 sq ft, MI
      5625 Prairie Creek Dr, Caledonia, MI 49316
      View Details
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    2347 68th SE St
    Caledonia, MI 49316-9083
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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