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Property profile & analytics
OFF-MARKET
Commercial real estate
3250 Plz NE Dr Grand Rapids, MI 49525
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0811127
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
13.26 ac (577,431 SF)
Zoning code
MON-MDR
APN
41-14-05-430-001
UPID
US43-0811127
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mimg Ccxvii Lamberton Sub LLC · 3 yrs held
Mimg Ccxvii Lamberton Sub LLC
since 2022
7 recorded transactions
Zoning & alternative use
MON-MDR · Grand Rapids, 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 Grand Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Rapids 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$121,359
Tax year 2021
Assessed value
$6,347,000
Assessed 2023
Previous assessed
$5,193,000
+22.2% YoY
Effective rate
1.91%
On assessed value
Total market value
$12,694,000
Applied tax rate
51.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
1
Stories
1
Lot
13.26 ac (577,431 SF)
Zoning code
MON-MDR
APN
41-14-05-430-001
UPID
US43-0811127
Jurisdiction
KENT
Zoning & alternative use
MON-MDR · Grand Rapids, MIZoning MON-MDR · permitted uses
MON-MDR · Grand Rapids, 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
NONE
Stories
1
Buildings
1
Lot
13.26 ac
Current owner
From public records · entity-resolved
Mimg Ccxvii Lamberton Sub LLC
Entity
Mailing address
2195 N STATE HWY 83RD STE 14B, FRANKTOWN, CO 80116-9604
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
—
Mimg Ccxvii Lamberton Sub LLC
Lamberton Partners LLC
Deed
—
Nov 25, 2020
—
Lamberton Partners LLC
—
Deed
related
$8,350,000 · Cbre Cap Markets
Dec 10, 2012
$4,350,000
Lamberton Partners LLC
Lamberton Lakes Associates LLC
Grant Deed
$4,080,000 · Walker & Dunlop Capital LLC
Dec 10, 2012
—
Lamberton Partners LLC
Lamberton Lakes Associates LLC
Quit Claim Deed
related
—
Oct 8, 2004
$4,500,000
Lamberton Lakes Associates LLC
Multi Project Investors LLC
Warranty Deed
$4,000,000 · Lehman Brothers Bank Fsb
Oct 8, 2004
—
Mpi Associates LLC
Multi Project Investors LLC
Quit Claim Deed
related
—
Oct 8, 2004
$4,000,000
Lehman Brothers Bank Fsb
Lamberton Lakes Associates LLC
Grant Deed
related
—
—
—
Lamberton Lakes Associates LLC
—
Deed Of Trust
related
$4,080,000 · Cwcapital LLC
—
—
Lamberton Partners LLC
—
Deed Of Trust
related
$4,080,000 · Walker & Dunlop
—
—
Lamberton Partners LLC
—
Deed Of Trust
related
$8,350,000 · Cbre Cap Markets
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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