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Property profile & analytics
OFF-MARKET
Estimated value
$400,000
Banks
3208 24th Ave Hudsonville, MI 49426-7740
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-2136738
Property summary
AI-generated overview
This exceptional 1,456 square foot single-tenant office building is situated on a 0.58-acre lot (25,265 sq ft) at a high-visibility corner in Hudsonville, MI. Built in 1963, this one-story building offers three private offices, an open collaborative workspace, a full kitchen, and a bathroom. Its convenient location, just five miles from a rapidly expanding retail area in West Michigan, ensures high traffic and excellent exposure for your business. Ample on-site parking is available for tenants and visitors. The flexible layout is ideal for a variety of professional services, including legal, mortgage, or insurance businesses. This established property offers a strong sense of community presence and reliability. The property is located at 3208 24th Ave, Hudsonville, MI 49426, in Ottawa County.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Total area
1,456 SF
Lot
0.59 ac (25,483 SF)
Zoning code
SEE MAP
APN
70-18-10-360-011
UPID
US43-2136738
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
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$400k
Owner & transaction history
Heyboer Bro Co LLC · 2 yrs held
Heyboer Bro Co LLC
since 2024
Last sale
$400,000
1 recorded transaction
Zoning & alternative use
SEE MAP · Hudsonville, 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 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
$400,000
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$400k
Range $360k – $440k · ±10% · vs last sale $400k (Feb 9 2024)
Last sale anchor
$400k
Feb 9 2024
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
$275 / 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
$6,962
Tax year 2022
Assessed value
$162,700
Assessed 2023
Previous assessed
$162,700
+0.0% YoY
Effective rate
4.28%
On assessed value
Total market value
$325,400
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
1,456 SF
Lot
0.59 ac (25,483 SF)
Zoning code
SEE MAP
APN
70-18-10-360-011
UPID
US43-2136738
Jurisdiction
OTTAWA
Zoning & alternative use
SEE MAP · Hudsonville, MIZoning SEE MAP · permitted uses
SEE MAP · Hudsonville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Heyboer Bro Co LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4475 8TH AVE SW, GRANDVILLE, MI 49418-9698
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
$400,000
Heyboer Bro Co LLC
The Huntington National Bank
Deed
—
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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