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Property profile & analytics
FOR SALE
Commercial real estate
2960 Division Ave S Grand Rapids, MI 49548
Individually Owned
3-yr Hold
Free & Clear
Property ID
US43-1451825
For Sale
1 / 32
$600,000
2960 Division Ave S, Grand Rapids, MI 49548
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1961
Total area
2,416 SF
Lot
0.34 ac (14,636 SF)
Zoning code
FBC
APN
41-18-18-103-037
UPID
US43-1451825
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
-
Skys Auto Group LLC Car Dealership
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
Reynaldo Jaramillo · 3 yrs held
Reynaldo Jaramillo
since 2022
Last sale
$185,000
7 recorded transactions
Zoning & alternative use
FBC · Wyoming, 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 Grand Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Rapids 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
$3,479
Tax year 2021
Assessed value
$83,900
Assessed 2023
Previous assessed
$79,900
+5.0% YoY
Effective rate
4.15%
On assessed value
Total market value
$167,800
Applied tax rate
93.0000
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
For Sale
Year built
1961
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,416 SF
Lot
0.34 ac (14,636 SF)
Zoning code
FBC
APN
41-18-18-103-037
UPID
US43-1451825
Jurisdiction
KENT
Zoning & alternative use
FBC · Wyoming, MI
Zoning FBC · permitted uses
FBC · Wyoming, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wyoming. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Reynaldo Jaramillo
Individual
Free & Clear · 3 yrs held
Mailing address
2960 DIVISION AVE S #2980, WYOMING, MI 49548-1129
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Dec 14, 2022
$185,000
Reynaldo Jaramillo
Suzanne L Bosgraaf
Warranty Deed
—
Dec 14, 2022
—
Blanca Jaramillo
Reynaldo Jaramillo
Intrafamily Transfer
related
—
Jun 10, 2010
—
Haight William W JR Trust
Haight,william W JR & Marion E
Quit Claim Deed
related
—
Jan 20, 2010
—
Haight William W JR Trust
Haight,william W JR & Marion E
Quit Claim Deed
related
—
Jan 23, 2009
—
William W Haight
Myers,thomas & Sally
Quit Claim Deed
related
—
Dec 31, 2008
$285,000
Thomas A Myers
Green Meadow Vlg LLC
Warranty Deed
—
Nov 10, 1999
—
Green Meadow Vllage LLC
Grondman Trust
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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