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Property profile & analytics
OFF-MARKET
Warehouses
2940 44th SW St Grandville, MI 49418-3176
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1210738
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
112,610 SF
Lot
3.02 ac (131,551 SF)
Zoning code
I-1
APN
41-17-28-126-026
UPID
US43-1210738
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sroa 2940 44th Street Mi LLC · 7 yrs held
Sroa 2940 44th Street Mi LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-1 · Grandville, 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 Grandville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grandville 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
$84,736
Tax year 2021
Assessed value
$1,766,600
Assessed 2023
Previous assessed
$1,732,300
+2.0% YoY
Effective rate
4.80%
On assessed value
Total market value
$3,533,200
Applied tax rate
58.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
112,610 SF
Lot
3.02 ac (131,551 SF)
Zoning code
I-1
APN
41-17-28-126-026
UPID
US43-1210738
Jurisdiction
KENT
Zoning & alternative use
I-1 · Grandville, MI
Zoning I-1 · permitted uses
I-1 · Grandville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grandville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
3.02 ac
Current owner
From public records · entity-resolved
Sroa 2940 44th Street Mi LLC
Entity
Mailing address
324 DATURA ST SW STE #338, WEST PALM BEACH, FL 33401-5417
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2019
—
Sroa 2940 44th Street Mi LLC
191 III Cube Mi Sub LLC
Trustees Deed
$3,021,000 · Teachers Ins & Annuity Assn Of
Feb 12, 2016
—
191 III Cube Mi Sub LLC
Storage Pros Grandville LLC
Deed
$122,000,000 · Wells Fargo Bank NA
Jan 27, 2014
$3,030,000
Storage Pros Grandville LLC
Devon Of Grandville LLC
Warranty Deed
$2,535,000 · Natixis R/e Cap
Sep 18, 2012
—
Devon Of Grandville LLC
Big Sky Dev Grandville LLC
Warranty Deed
—
Oct 20, 2006
$14,100
City Of Grandville
Big Sky Dev
Quit Claim Deed
related
—
Mar 1, 2005
—
Big Sky Development Grandville LLC
Harlo Corp
Warranty Deed
$125,000 · West Michigan Community Bank 1
—
—
Harlo Corp
—
Deed Of Trust
related
$200,000 · Crooks W Dale Trust (pt)
—
—
Harlo Corp
—
Deed Of Trust
related
$600,000 · Gerridale Investors LP
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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