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Financial
Distress signals
Property profile

2973 Dormax St SW Grandville, MI 49418

FOR LEASE
Manufacturing properties
Property ID
US43-1763643
43,720 SF 4.63 ac lot Built 2000
Last sale Mar 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of approximately 2 acres of industrial-zoned land located on Dormax Street SW in Grandville, Michigan. The site is served by all municipal utilities and is situated about one mile from I-196 at the 28th Street SW interchange, providing access to the regional interstate network.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$46k
Tax billed · 2021
Assessed value · 2023$1.38M
Effective rate3.31%

Value estimate

· Oct 2026
$2.42M
$2.18M – $2.66M
Submarket $/SF estimate$2.42M
NOI build-up
Gross scheduled income$640k
Vacancy & credit loss−$58k
Operating expenses−$146k
NOI · 3,120,292.86% cap applied$437k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$45/SF
County average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$19 – $65

Cap rate analysis

How does the asset earn?
3,120,292.86%
$437k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I-1
The I-1 Restricted Industrial District accommodates industrial uses and processes of manufacture, fabrication, assembly, packaging, print...
General categoryINDUSTRIAL
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant34.2
Law Firm26.4
Realty agency26.0

Location

2973 Dormax St SW Grandville, MI 49418
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

8 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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