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Property profile & analytics
OFF-MARKET
Retail space
25 Main Cedar Springs, MI 49319-5103
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US43-1564980
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Total area
5,531 SF
Lot
0.09 ac (4,138 SF)
Zoning code
B-2
APN
41-02-25-478-027
UPID
US43-1564980
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
-
ASP Photography Photography Service (Bike/Boat/Book/etc) Store
-
Applied Ballistics LLC Consultant
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
Cronkright Properties INC · 21 yrs held
Cronkright Properties INC
since 2004
5 recorded transactions
Zoning & alternative use
B-2 · Cedar Springs, 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 Cedar Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Springs 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 2019Property tax & assessments
Tax year 2019
Tax billed
$5,225
Tax year 2019
Assessed value
$102,100
Assessed 2023
Previous assessed
$107,000
-4.6% YoY
Effective rate
5.12%
On assessed value
Total market value
$204,200
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1890
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
5,531 SF
Lot
0.09 ac (4,138 SF)
Zoning code
B-2
APN
41-02-25-478-027
UPID
US43-1564980
Jurisdiction
KENT
Zoning & alternative use
B-2 · Cedar Springs, MI
Zoning B-2 · permitted uses
B-2 · Cedar Springs, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cedar Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Cronkright Properties INC
Entity
Mailing address
8070 17TH MILE RD NE, CEDAR SPRINGS, MI 49319-9550
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2021
—
Cronkright Properties INC
—
Deed
related
$240,000 · Consumers Cu
Apr 28, 2010
—
Cronkright Properties INC
—
Deed Of Trust
related
$1,085,000 · Chemical Bank
Aug 25, 2004
$190,000
Cronkright Properties INC
Duffield,dale E
Warranty Deed
$172,000 · Valley Ridge Bank
Jul 15, 2004
—
Dale Duffield
Duffield,ruth
Quit Claim Deed
related
—
May 21, 1998
$175,000
Cedar Creek Construction INC
Duffield,gerald & Patricia
Grant Deed
$125,000 · Huntington National Bank
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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