Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2731 Breton SE Rd Grand Rapids, MI 49546-5633

    • Office buildings
    • 1,768 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    Apr 09, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2002851
    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

    • Langschied Financial / Financial Planner

    Property Details for 2731 Breton SE Rd

    Year built
    1953
    Lot size
    0.80 lot acres
    Property size
    1,768 SF
    Zone code
    SD-NOS
    Property type
    Office buildings
    APN
    41-18-09-476-037
    APU
    411809476037

    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
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6089
    Latitude
    42.9141
    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
    2023
    $0.00
    $0.00
    $0.00
    $158,500
    -
    $0.00
    $0.00
    $317,000

    Comparable in this City

    • Value Estimation
      $1,700,000
      23,359 SF

      3809 Lk Eastbrook SE Blvd

      OFFICE BUILDING • 23,359 SF
      3809 Lk Eastbrook SE Blvd, Grand Rapids, MI 49546-5931
      View Details
    • Value Estimation
      $720,000
      14,752 SF

      3737 Lk Eastbrook SE Blvd

      OFFICE BUILDING • 14,752 SF
      3737 Lk Eastbrook SE Blvd, Grand Rapids, MI 49546-5993
      View Details
    • Value Estimation by Request
      9,505 SF

      2251 Paris Ave

      Medical offices • 9,505 SF
      2251 Paris Ave, Grand Rapids, MI 49546
      View Details
    • Value Estimation by Request
      14,216 SF

      500 Cascade Pkwy

      Coworking space • 14,216 SF
      500 Cascade Pkwy, Grand Rapids, MI 49546
      View Details
    • Value Estimation by Request
      37,327 SF

      2500 Beltline Ave

      Retail properties • 37,327 SF
      2500 Beltline Ave, Grand Rapids, MI 49546
      View Details
    • Value Estimation by Request
      1.33 Acres

      2750 Lucerne SE Dr

      VACANT COMMERCIAL LAND • 1.33 Acres
      2750 Lucerne SE Dr, Grand Rapids, MI 49546
      View Details

    Similar Nearby for Sale

    • $795,000
      6,998 SF

      Office/Retail Building on Bustling Corridor

      Office and retail zoned building in Forest Hills.
      4551 Cascade Rd SE, Grand Rapids, MI 49546
      View Details
    • $6,850,000

      Updated Office and Warehouse Investment

      Class A office and newer warehouse near airport for sale.
      5989 Tahoe Dr SE, Grand Rapids, MI 49546
      View Details
    • $4,650,000
      29,470 SF

      Grand Rapids Executive Office Building

      Class A Office, 29,470 SF, High Visibility
      695 Kenmoor Ave, Grand Rapids, MI 49546
      View Details
    • $4,900,000
      29,450 SF

      Grand Rapids Executive Office Building

      29,450 SF Executive Office, 100% Leased
      1575 Arboretum Dr, Grand Rapids, MI 49546
      View Details
    • $1,844,550
      12,456 SF

      Grand Rapids Multi-Tenant Retail Center

      High-traffic location, strong NOI, excellent value.
      2739 Breton Rd, Grand Rapids, MI 49546
      View Details
    • $259,900
      1.39 Acres

      Buildable Homesite in Forest Hills

      Over an acre in Forest Hills Northern School District.
      4323 Woodside Oaks Dr SE, Grand Rapids, MI 49546
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      4,065 SF

      Class A Office Space Available

      Class A office building with I-96 exposure for lease.
      625 Kenmoor Ave SE, Grand Rapids, MI 49546
      View Details
    • $17 SF/Yr
      45,784 SF

      Grand Rapids Class A Office

      Class A office space available for lease in Grand Rapids.
      5211 Cascade Rd SE, Grand Rapids, MI 49546
      View Details
    • $17 SF/Yr

      Class A Office Building

      Premier office building in Centennial Office Park, Cascade Township.
      3033 Orchard Vista Dr SE, Grand Rapids, MI 49546
      View Details
    • $18 SF/Yr
      17,500 SF

      Executive Suites, Ada/Cascade

      Modern Office Space Available, I-96 Access
      847 Parchment Dr, Grand Rapids, MI 49546
      View Details
    • $15 SF/Yr
      12,000 SF

      Office Building on Cascade Road

      Multi-tenant office building with high visibility and ample parking.
      4081 Cascade Rd SE, Grand Rapids, MI 49546
      View Details
    • $9 SF/Yr
      29,209 SF

      Grand Rapids Office Space

      Suburban Flex Office, Cascade
      2660 Horizon Dr, Grand Rapids, MI 49546
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2731 Breton SE Rd
    Grand Rapids, MI 49546-5633
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.