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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Industrial properties
2601 28th SW St 2609, Wyoming, MI 49519-2193
Entity Owned
Free & Clear
Property ID
US43-3448162
Property summary
AI-generated overview
This single-story, 14,000-square-foot warehouse space is immediately available for lease at 2601 28th Street SW in Wyoming, Michigan. Located in Kent County, this industrial property boasts a total building size of 66,446 square feet, with 14,000 square feet currently vacant and available for lease as a single unit. The building, constructed in 1961, features a 20-foot ceiling height and one drive-in door, providing convenient access for loading and unloading. Electrical service is robust, with 800 amps of 480v/3-phase power available. The property sits on a 3.82-acre lot (APN: 41-17-09-451-056) and offers a cost-effective storage solution. The property benefits from a recently replaced roof. The landlord is willing to install heating and is open to negotiating a small office buildout to suit a suitable tenant. Restroom facilities are available within the building. This location offers easy access to 28th Street and Byron Center Avenue SW, providing excellent transportation links. The property is ideal for businesses seeking affordable and functional warehouse space in a convenient location. This is a multi-tenant building.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
48,570 SF
Lot
3.8 ac (165,528 SF)
Zoning code
I2
APN
41-17-09-451-056
UPID
US43-3448162
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.12M
Owner & transaction history
Pdm Properties LLC
Pdm Properties LLC
since 2026
Last sale
$42,500
5 recorded transactions
Zoning & alternative use
I2 · Wyoming, 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 Wyoming submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wyoming 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $43k (Jun 24 2021)
Last sale anchor
$43k
Jun 24 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$23 / SF
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 2021Property tax & assessments
Tax year 2021
Tax billed
$22,403
Tax year 2021
Assessed value
$634,900
Assessed 2023
Previous assessed
$564,700
+12.4% YoY
Effective rate
3.53%
On assessed value
Total market value
$1,269,800
Applied tax rate
93.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
48,570 SF
Lot
3.8 ac (165,528 SF)
Zoning code
I2
APN
41-17-09-451-056
UPID
US43-3448162
Jurisdiction
KENT
Zoning & alternative use
I2 · Wyoming, MI
Zoning I2 · permitted uses
I2 · Wyoming, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wyoming. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
3.8 ac
Current owner
From public records · entity-resolved
Pdm Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4720 52ND ST SE, GRAND RAPIDS, MI 49512-9513
Ownership since
2026
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
Apr 30, 2026
—
Pdm Properties LLC
3520 36th Street Property LLC
Warranty Deed
—
Jun 2, 2022
—
2601 28th Street LLC
—
Deed
related
$85,000 · Lake Michigan Cu
Jun 24, 2021
$42,500
Tilstra Family LP
Karen A Ostdiek
Warranty Deed
—
Jun 24, 2021
—
3520 36th Street Property LLC
Saak LLC
Warranty Deed
$960,000 · Lake Michigan Cu
—
—
Tilstra Family
—
Deed Of Trust
related
$1,150,000 · Macatawa Bk Mtg
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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