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Property profile & analytics
OFF-MARKET
Estimated value
$5,455,000
Refrigerated & Cold Storage
2966 Highland Blvd, Hudsonville, MI 49426-9455
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0518054
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Total area
71,636 SF
Lot
10.5 ac (457,380 SF)
Zoning code
I-2
APN
70-18-04-101-048
UPID
US43-0518054
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
$5.45M
Blend (final)
Blend
$5.46M
Owner & transaction history
Small Busines Administration · 4 yrs held
Small Busines Administration
since 2022
7 recorded transactions
Zoning & alternative use
I-2 · Hudsonville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.9M
+3.0%
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 Hudsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hudsonville 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,685,000
Current use
AUTO REPAIR, GARAGE
$7,915,000
Change: +3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,275,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$5.46M
Range $4.91M – $6.00M · ±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
$76 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$97,471
Tax year 2022
Assessed value
$1,957,500
Assessed 2023
Previous assessed
$1,789,100
+9.4% YoY
Effective rate
4.98%
On assessed value
Total market value
$3,915,000
Applied tax rate
72.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
71,636 SF
Lot
10.5 ac (457,380 SF)
Zoning code
I-2
APN
70-18-04-101-048
UPID
US43-0518054
Jurisdiction
OTTAWA
Zoning & alternative use
I-2 · Hudsonville, MI
Zoning I-2 · permitted uses
I-2 · Hudsonville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hudsonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
10.5 ac
Current owner
From public records · entity-resolved
Small Busines Administration
Individual
Mailing address
1120 RTE 73RD STE #310, MOUNT LAUREL, NJ 08054-5113
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
May 5, 2022
—
Small Busines Administration
Small Business Adiminitration
Assignment Of Lease (leasehold Sale)
—
Feb 8, 2022
—
Rls Hutt Propco LLC
Hutt Properties Ltd
Warranty Deed
$21,500,000 · Truist Bank
Apr 18, 2018
—
Htc Logistic INC
—
Deed
related
$4,907,500 · Chemical Bank
Feb 8, 2018
—
Hutt Properties Ltd LLC
—
Deed
related
$3,195,000 · Chemical Bank
May 22, 2017
—
Hutt Properties Ltd Lc
—
Deed
related
$3,307,500 · Chemical Bank
May 9, 2016
—
Michigan Certified Development Corp
Htc Logistics INC
Lease
$1,684,000 · Michigan Certified Development Corp
Mar 22, 2016
—
Hutt Properties Ltd Lc
John V Tippmann SR.
Warranty Deed
$2,350,000 · Chemical 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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