Entity Owned 
For Lease
1 / 3
$18 SF/Yr
3094 28Th St SE, Kentwood, MI 49512
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Property summary
AI-generated overview
This retail property is situated across from Woodland Mall and is configured for storefront use, featuring over 100 feet of window frontage and a parking area with over 150 spaces.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Total area
9,826 SF
Lot
1.11 ac (48,439 SF)
Zoning code
C2
APN
41-18-15-228-044
UPID
US43-1354628
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$470k
Owner & transaction history
since 2005
2 recorded transactions
Zoning & alternative use
C2 · Kentwood, MI
Zoning description
The uses permitted by special land use approval in the C-2 community commercial, C-4 office and C-5 neighborhood corridor commercial districts may be permitted when all applicable standards as cited in chapter 15 are met…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$470k
Value range
$423k – $517k
±10% around blend
Estimated value / SF
$48 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
70
Income certainty
100
$423k
blend $470k
$517k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,826 SF
Lot area
1.11 ac
Year built
2006
Stories
1
APN
41-18-15-228-044
Zoning
C2
Assessed value
$807,300
Annual tax
$33,474
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$33,474
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$312k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.9 mi away · 9,496 SF
3.8 mi away · 9,290 SF
4.3 mi away · 11,666 SF
5.2 mi away · 9,958 SF
5.5 mi away · 8,516 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$470k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$104
-54%
Submarket 377 sales
$88
-45%
County 593 sales
$82
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $48/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.91M
Move the market yield to see immediate price impact.
Value / SF
$297
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$184k
$3.67M
$2.62M
$2.04M
$204k
$4.08M
$2.91M
$2.27M
$224k
$4.49M
$3.21M
$2.49M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$300k
2.6 mi · Jan 2026 · $36/SF
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$33,474
Tax year 2019
Assessed value
$807,300
Assessed 2023
Previous assessed
$787,800
+2.5% YoY
Effective rate
4.15%
On assessed value
Total market value
$1,614,600
Applied tax rate
65.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
2006
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
9,826 SF
Lot
1.11 ac (48,439 SF)
Zoning code
C2
APN
41-18-15-228-044
UPID
US43-1354628
Jurisdiction
KENT
Zoning & alternative use
C2 · Kentwood, MIZoning C2 · permitted uses
C2 · Kentwood, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The uses permitted by special land use approval in the C-2 community commercial, C-4 office and C-5 neighborhood corridor commercial districts may be permitted when all applicable standards as cited in chapter 15 are met…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C2
COMMERCIAL
Jurisdiction
Kentwood, MI
Recorded code
C2
Official district
C2
Official district profile
What the municipal code says about C2
Zoning description
The uses permitted by special land use approval in the C-2 community commercial, C-4 office and C-5 neighborhood corridor commercial districts may be permitted when all applicable standards as cited in chapter 15 are met…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Kentwood, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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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