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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Industrial properties
3313 Lousma SE Dr, Wyoming, MI 49548-2251
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1159479
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Total area
10,518 SF
Lot
1.03 ac (44,997 SF)
Zoning code
I1
APN
41-18-18-326-029
UPID
US43-1159479
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
$855k
Owner & transaction history
Stitch LLC · 1 yrs held
Stitch LLC
since 2025
6 recorded transactions
Zoning & alternative use
I1 · Wyoming, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$855,000
+76.4%
Office building
$805,000
+66.4%
Commercial (general)
$760,000
+56.6%
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 Wyoming submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wyoming 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
$945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$855,000
Change: +76% · Conversion: Moderate
OFFICE BUILDING
$805,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$760,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$81 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$7,961
Tax year 2021
Assessed value
$211,600
Assessed 2023
Previous assessed
$188,500
+12.3% YoY
Effective rate
3.76%
On assessed value
Total market value
$423,200
Applied tax rate
93.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
10,518 SF
Lot
1.03 ac (44,997 SF)
Zoning code
I1
APN
41-18-18-326-029
UPID
US43-1159479
Jurisdiction
KENT
Zoning & alternative use
I1 · Wyoming, MI
Zoning I1 · permitted uses
I1 · Wyoming, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wyoming. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$855,000
OFFICE BUILDING
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$650,000
RETAIL STORES
OFFICE BUILDING
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
Year built
1976
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Stitch LLC
Entity
Mailing address
3313 LOUSMA DR SE, WYOMING, MI 49548-2251
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
—
Stitch LLC
F D Lake Properties LLC
Warranty Deed
$495,000 · Pnc Bank NA
Feb 24, 2021
$986,857
Oak Street Invs Grade Net Leas
Jcgrmi001 LLC
Warranty Deed
—
Nov 2, 2010
—
F D Lake Properties LLC
Carlsen C L Living Trust
Warranty Deed
—
Jan 28, 2004
—
Carlsen,tr
Carlsen,caryl L
Quit Claim Deed
related
—
—
—
Fd Lake Properties LLC
—
Deed Of Trust
related
$266,000 · Macatawa Bank
—
—
Caryl L Carlsen
—
Deed Of Trust
related
$200,000 · Mercantile Bank West 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.
Try Rey
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