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Property profile & analytics
OFF-MARKET
Estimated value
$6,585,000
Retail space
3424 Chicago Dr Hudsonville, MI 49426-1408
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0731763
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
24,678 SF
Lot
0.65 ac (28,445 SF)
Zoning code
CBD
APN
70-14-32-258-088
UPID
US43-0731763
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
-
Dorados Mexican Grill & Bar Restaurant
-
Wing Doozy Restaurant
-
317 Coffee Cafe & Coffee Shop
-
Aaron Verbrugge, Financial Advisor - Affinity Financial Group Financial Advisor
-
Second Story Counseling Counselor Mental Health Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.94M
Comparable Approach
Comparable
$6.36M
Blend (final)
Blend
$6.59M
Owner & transaction history
The Hudson Center LLC · 4 yrs held
The Hudson Center LLC
since 2022
Last sale
$5.2M
3 recorded transactions
Zoning & alternative use
CBD · Hudsonville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Central Business District
General category
COMMERCIAL
Zone area
8.96 ac
Source
Realmo
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 Hudsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hudsonville 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
$6,585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,270,000
6.5%
$3,940,000
7%
$3,660,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,655,000
Current use
Blend value · Realmo final
$6.59M
Range $5.93M – $7.24M · ±10% · vs last sale $5.20M (May 17 2022)
Last sale anchor
$5.20M
May 17 2022
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
$267 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$99,059
Tax year 2023
Assessed value
$2,059,300
Assessed 2024
Previous assessed
$1,758,200
+17.1% YoY
Effective rate
4.81%
On assessed value
Total market value
$4,118,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
24,678 SF
Lot
0.65 ac (28,445 SF)
Zoning code
CBD
APN
70-14-32-258-088
UPID
US43-0731763
Jurisdiction
OTTAWA
Zoning & alternative use
CBD · Hudsonville, MIZoning CBD · permitted uses
CBD · Hudsonville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Central Business District
General category
COMMERCIAL
Zone area
8.96 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.7M
RETAIL STORES Current
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
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
The Hudson Center LLC
Entity
Mailing address
2909 ROCAWAY DR, HUDSONVILLE, MI 49426-7827
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$5,200,000
The Hudson Center LLC
3424 Chicago Drive LLC
Warranty Deed
$3,800,000 · Horizon Bank
Feb 2, 2018
—
3424 Chicago Drive LLC
—
Deed
related
—
Nov 3, 2017
$150,000
3424 Chicago Drive LLC
West Michigan Community Bank
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.
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