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Property profile & analytics
OFF-MARKET
Estimated value
$3,395,000
Commercial real estate
2890 Acquest SE Ave, Kentwood, MI 49512-5654
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0856621
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Total area
33,032 SF
Lot
16.9 ac (736,164 SF)
Zoning code
C2
APN
41-18-13-126-043
UPID
US43-0856621
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
$3.40M
Blend (final)
Blend
$3.40M
Owner & transaction history
Green Castle Properties · 8 yrs held
Green Castle Properties
since 2017
7 recorded transactions
Zoning & alternative use
C2 · Kentwood, 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 Kentwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kentwood 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
$3.40M
Range $3.06M – $3.73M · ±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
$103 / 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
$49,163
Tax year 2019
Assessed value
$1,864,400
Assessed 2023
Previous assessed
$1,774,900
+5.0% YoY
Effective rate
2.64%
On assessed value
Total market value
$3,728,800
Applied tax rate
65.0000
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
Off-Market
Year built
1995
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
33,032 SF
Lot
16.9 ac (736,164 SF)
Zoning code
C2
APN
41-18-13-126-043
UPID
US43-0856621
Jurisdiction
KENT
Zoning & alternative use
C2 · Kentwood, MI
Zoning C2 · permitted uses
C2 · Kentwood, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kentwood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
16.9 ac
Current owner
From public records · entity-resolved
Green Castle Properties
Entity
Free & Clear · 8 yrs held
Mailing address
200 OTTAWA AVE NW STE #800, GRAND RAPIDS, MI 49503-2426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Mar 23, 2018
—
Green Castle Properties LLC
—
Trustees Deed
related
$3,440,000 · Mercantile Bk/mi
Jan 30, 2018
—
Green Castle Properties LLC
—
Deed
related
$2,760,000 · Mercantile Bk/mi
Nov 28, 2017
—
Green Castle Properties
Store Master Funding IV LLC
Grant Deed
—
Sep 27, 2013
—
Store Master Funding IV LLC
Collegiate Partners II LLC
Grant Deed
related
—
Sep 18, 2013
—
Store Master Funding IV LLC
Collegiate Partners II LLC
Warranty Deed
—
Jan 19, 2011
—
Collegiate Partners II LLC
Cook Peter C Trust
Warranty Deed
$1,000,000 · Cook Peter C Trust (pt)
—
—
Green Castle Properties LLC
—
Deed Of Trust
related
$2,760,000 · Mercantile Bk/mi
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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