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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Retail space
28 17th Mile NE Rd, Cedar Springs, MI 49319-9333
Entity Owned
Free & Clear
Property ID
US43-1191615
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1925
Total area
34,628 SF
Lot
11 ac (479,160 SF)
Zoning code
NC
APN
41-02-31-100-001
UPID
US43-1191615
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
-
Premier Auto & Truck Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.53M
Owner & transaction history
Kooienga Brothers Properties LLC
Kooienga Brothers Properties LLC
since 2025
4 recorded transactions
Zoning & alternative use
NC · 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
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
$1.53M
Range $1.37M – $1.68M · ±10%
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
$44 / 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
$16,292
Tax year 2021
Assessed value
$477,800
Assessed 2023
Previous assessed
$418,600
+14.1% YoY
Effective rate
3.41%
On assessed value
Total market value
$955,600
Applied tax rate
27.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1925
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
34,628 SF
Lot
11 ac (479,160 SF)
Zoning code
NC
APN
41-02-31-100-001
UPID
US43-1191615
Jurisdiction
KENT
Zoning & alternative use
NC · Cedar Springs, MI
Zoning NC · permitted uses
NC · 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
1925
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
11 ac
Current owner
From public records · entity-resolved
Kooienga Brothers Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
28 17TH MILE RD NE, CEDAR SPRINGS, MI 49319-9333
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
—
Kooienga Brothers Properties LLC
Kooienga Brothers Properties LLC
Deed
related
—
Oct 31, 2025
$423,513
Kooienga Brothers Properties LLC
Kooienga Properties LLC
Deed
related
$423,513 · Kooienga Properties LLC
Sep 12, 2005
$150,000
Kooienga Properties LLC
George Casarez
Warranty Deed
$150,000 · Independent Bank West Michigan
Mar 24, 1999
—
George Casarez
Bcc Reo LLC
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.
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