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Property profile & analytics
OFF-MARKET
Commercial real estate
33 Applewood Dr, Sparta, MI 49345-1709
Entity Owned
Free & Clear
Property ID
US43-3587266
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
2,846 SF
Lot
1.72 ac (74,923 SF)
Zoning code
GC
APN
41-05-22-126-025
UPID
US43-3587266
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
Current use
Occupant on record · Public records
-
Ridgetown Investments Financial Advisor
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
Marvin Development Vii LLC
Marvin Development Vii LLC
since 2025
7 recorded transactions
Zoning & alternative use
GC · Sparta, 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 Sparta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparta 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 2019Property tax & assessments
Tax year 2019
Tax billed
$8,074
Tax year 2019
Assessed value
$266,800
Assessed 2023
Previous assessed
$268,300
-0.6% YoY
Effective rate
3.03%
On assessed value
Total market value
$533,600
Applied tax rate
9.0000
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
Year built
1999
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,846 SF
Lot
1.72 ac (74,923 SF)
Zoning code
GC
APN
41-05-22-126-025
UPID
US43-3587266
Jurisdiction
KENT
Zoning & alternative use
GC · Sparta, MI
Zoning GC · permitted uses
GC · Sparta, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Marvin Development Vii LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6970 KITSON DR NE, ROCKFORD, MI 49341-8544
Ownership since
2025
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
Aug 14, 2025
—
Marvin Development Vii LLC
Mi Dakota LLC
Warranty Deed
—
Nov 17, 2021
—
Mi Dakota LLC
—
Deed
related
$416,000 · Choiceone Bank
Oct 28, 2020
—
Mi Dakota LLC
Applewood Dr Properties LLC
Warranty Deed
$250,000 · Choiceone Bank
Sep 11, 2009
$285,000
Applewood Dr Properties LLC
33 Applewood Drive LLC
Grant Deed
$324,000 · United Bank Of Michigan
Jul 25, 2007
$595,985
United Bank Of Michigan
Sheriff Of Kent County
Trustees Deed
related
—
—
—
Sigifriedo Ledesma
—
Deed Of Trust
related
$60,000 · Progressive Financial INC
—
—
Sigifriedo Ledesma JR.
—
Deed Of Trust
related
$605,000 · United Bank Of Michigan
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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