New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Commercial real estate
3345 28th SE St, Kentwood, MI 49512-1632
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0512276
Property summary
AI-generated overview
This exceptional 9,420 square foot former TGI Friday's restaurant, located at 3345 28th St SE in Kentwood, Michigan (49512), presents a unique investment opportunity. Situated on a 2.27-acre lot (APN: 411811375011) in Kent County's 28th Street Southeast submarket, this single-tenant property offers significant potential. Built in 1983, the building features two levels and two outdoor patios, ideal for leveraging Grand Rapids' favorable weather. The property benefits from its prime location on the main ring road encircling the recently renovated Woodland Mall ($100 million investment), ensuring high visibility and accessibility. The ample parking field further enhances its appeal. This established location within a high-traffic corridor offers strong brand recognition and a history of success. The property is zoned commercial. The building's total square footage is 9,420 square feet, all of which is currently vacant. Possession date is to be determined. This is a rare chance to acquire a well-positioned restaurant space in a thriving retail environment.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Total area
9,348 SF
Lot
2.28 ac (99,099 SF)
Zoning code
C3
APN
41-18-11-375-011
UPID
US43-0512276
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
$1.66M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.58M
Owner & transaction history
Tail Waggers Resorts INC · 1 yrs held
Tail Waggers Resorts INC
since 2025
5 recorded transactions
Zoning & alternative use
C3 · Kentwood, 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 Kentwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kentwood 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
$1,110,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,795,000
6.5%
$1,655,000
7%
$1,535,000
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±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
$169 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$57,737
Tax year 2019
Assessed value
$1,311,400
Assessed 2023
Previous assessed
$1,259,100
+4.2% YoY
Effective rate
4.40%
On assessed value
Total market value
$2,622,800
Applied tax rate
65.0000
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
1983
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
9,348 SF
Lot
2.28 ac (99,099 SF)
Zoning code
C3
APN
41-18-11-375-011
UPID
US43-0512276
Jurisdiction
KENT
Zoning & alternative use
C3 · Kentwood, MI
Zoning C3 · permitted uses
C3 · Kentwood, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kentwood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Tail Waggers Resorts INC
Entity
Mailing address
14200 E JEFFERSON AVE, DETROIT, MI 48215-2930
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
—
Tail Waggers Resorts INC
Jk Kentwood LLC
Warranty Deed
$5,000,000 · Live Oak Banking Company
Jun 6, 2022
$1,525,000
Jk Kentwood LLC
Arc Cafeusa001 LLC
Deed
$1,067,500 · Dort Financial Cu
Oct 6, 2014
$3,168,249
Arc Cafeusa001 LLC
Ge Cap Franchise Finance Corp
Grant Deed
—
Oct 14, 2013
—
Arc Cafeusa001 LLC
Ge Cap Franchise Fin Corp
Grant Deed
—
Sep 26, 2006
—
Capital Franchise Finance C Ge
Northland Investments INC
Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3345 28th SE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
