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Property profile & analytics
FOR SALE
Commercial real estate
2662 Division Ave S, Grand Rapids, MI 49507
Individually Owned
Free & Clear
Property ID
US43-1536235
For Sale
1 / 18
$800,000
2662 Division Ave S, Grand Rapids, MI 49507
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1946
Total area
3,506 SF
Lot
0.1 ac (4,225 SF)
Zoning code
TN-TBA
APN
41-18-07-353-001
UPID
US43-1536235
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
-
Le Petit Chateau Sport Bar And Restaurant Bar & Pub Restaurant
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
Gonzalez-vazquez Jose
Gonzalez-vazquez Jose
since 2026
7 recorded transactions
Zoning & alternative use
TN-TBA · Grand Rapids, 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 Grand Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Rapids 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,475
Tax year 2021
Assessed value
$152,200
Assessed 2023
Previous assessed
$132,300
+15.0% YoY
Effective rate
2.94%
On assessed value
Total market value
$304,400
Applied tax rate
51.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1946
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
3,506 SF
Lot
0.1 ac (4,225 SF)
Zoning code
TN-TBA
APN
41-18-07-353-001
UPID
US43-1536235
Jurisdiction
KENT
Zoning & alternative use
TN-TBA · Grand Rapids, MI
Zoning TN-TBA · permitted uses
TN-TBA · Grand Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Rapids. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Gonzalez-vazquez Jose
Individual
Free & Clear · 0 yrs held
Mailing address
1815 GERDA ST SE, GRAND RAPIDS, MI 49508-4950
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
$150,000
Gonzalez-vazquez Jose
Ng Solutions LLC
Quitclaim Deed
—
Dec 30, 2020
—
Ng Solutions LLC
First Natl Bk Of America
Quit Claim Deed
related
—
Dec 28, 2020
—
Ng Solutions LLC
First Natl Bk Of America
Grant Deed
related
—
Oct 18, 2017
$150,000
Jose L Gonzalez-vazquez
First Natl Bk Of America
Grant Deed
—
Dec 11, 2013
—
Jose L Gonzalez-vazquez
First Natl Bk Of America
Grant Deed
—
Sep 25, 2012
$89,651
First Natl Acceptance Co
Sheriff Of County Of Kent
Trustees Deed
related
—
Apr 28, 1998
—
First National Acceptance Co
Stapleton,dennis P & Diana J
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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