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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
321 Washington Ave, Grand Haven, MI 49417-1358
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-0590314
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
3,611 SF
Lot
0.2 ac (8,712 SF)
APN
70-03-20-433-008
UPID
US43-0590314
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
$570k
Blend (final)
Blend
$570k
Owner & transaction history
Ephesians 3 20 Properties LLC · 4 yrs held
Ephesians 3 20 Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$535,000
+8.4%
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 Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Haven 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
OFFICE BUILDING
$495,000
Current use
RETAIL STORES
$535,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$480,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$400,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$158 / 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
$13,074
Tax year 2022
Assessed value
$252,500
Assessed 2023
Previous assessed
$229,500
+10.0% YoY
Effective rate
5.18%
On assessed value
Total market value
$505,000
Applied tax rate
58.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
3,611 SF
Lot
0.2 ac (8,712 SF)
APN
70-03-20-433-008
UPID
US43-0590314
Jurisdiction
OTTAWA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$495,000
RETAIL STORES
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$400,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ephesians 3 20 Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5025 PLAINFIELD AVE NE STE D, GRAND RAPIDS, MI 49525-1054
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
Jan 4, 2022
—
Ephesians 3 20 Properties LLC
Kyle Doyon
Warranty Deed
—
Jan 4, 2022
$350,000
Kyle Doyon
Getty Investments LLC
Quit Claim Deed
related
—
Jul 2, 2018
—
Kyle Doyon
Getty Investments LLC
Land Contract
$350,000 · Getty Investments LLC
Jun 15, 2017
—
Getty Investments LLC
Nancy S Carlyle
Quit Claim Deed
related
—
Mar 13, 2017
—
Getty Investments LLC
Karen L Salerno
Warranty Deed
$350,000 · Chemical Bank
May 13, 2016
—
Karen Salerno
—
Deed
related
$166,000 · Lake Michigan Cu
Aug 30, 2010
—
Karen L Salerno
Gary L Salerno
Intrafamily Transfer
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.
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