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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Industrial properties
2825 17th Mile Rd Kent City, MI 49330-8921
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US43-1635202
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Total area
64,880 SF
Lot
5.27 ac (229,561 SF)
Zoning code
I
APN
41-01-28-378-002
UPID
US43-1635202
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
-
Innovakote Inc. Industrial Manufacturer Production Facility
-
MIT Powder Coatings Powder Coating Service
-
Surplus Coatings Department Store
-
Oakcrot Inc General Contractor
-
Environmental Resource Management Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.28M
Owner & transaction history
2825 17 Mile LLC · 18 yrs held
2825 17 Mile LLC
since 2008
4 recorded transactions
Zoning & alternative use
I · Kent City, 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 Kent City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent City 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
$1.28M
Range $1.15M – $1.40M · ±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
$20 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$19,941
Tax year 2019
Assessed value
$726,700
Assessed 2023
Previous assessed
$599,500
+21.2% YoY
Effective rate
2.74%
On assessed value
Total market value
$1,453,400
Applied tax rate
30.0000
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
Year built
1982
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
64,880 SF
Lot
5.27 ac (229,561 SF)
Zoning code
I
APN
41-01-28-378-002
UPID
US43-1635202
Jurisdiction
KENT
Zoning & alternative use
I · Kent City, MI
Zoning I · permitted uses
I · Kent City, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
5.27 ac
Current owner
From public records · entity-resolved
2825 17 Mile LLC
Entity
Mailing address
2825 17TH MILE RD, KENT CITY, MI 49330-8921
Ownership since
2008
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
Aug 14, 2025
—
2825 17 Mile LLC
—
Deed
related
$680,000 · Horizon Bank
Jul 31, 2024
—
2825 17 Mile LLC
—
Deed
related
$950,000 · Horizon Bank
Mar 9, 2017
—
2825 17 Mile LLC
—
Deed
related
$960,000 · Chemical Bank
Jan 30, 2008
—
2825 17 Mile LLC
Sids Leasing LLC
Warranty Deed
$701,000 · Kent Commerce 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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