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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Automotive properties
345 Main Cedar Springs, MI 49319-9700
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-4044158
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1949
Total area
23,148 SF
Lot
2.99 ac (130,201 SF)
Zoning code
B-3
APN
41-02-25-277-013
UPID
US43-4044158
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
$1.43M
Blend (final)
Blend
$1.44M
Owner & transaction history
Cedarquest LLC · 1 yrs held
Cedarquest LLC
since 2025
1 recorded transaction
Zoning & alternative use
B-3 · Cedar Springs, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DIVISION 10. - HIGHWAY BUSINESS (B-3) Sec. 32-392. - Purpose. This zoning district is intended to provide for an orderly and concentrated development of business primarily along Main Street as designated in the city master plan in order to serve the needs of the motoring public and local residents. A wide range of retail, service, office, governmental, and i…
Zone name
Highway Business
General category
COMMERCIAL
Zone area
63.83 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$1.9M
+32.6%
Retail stores
$1.9M
+31.2%
Office building
$1.8M
+23.7%
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 Cedar Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Springs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,435,000
Current use
COMMERCIAL (GENERAL)
$1,900,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$1,880,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$1,775,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$62 / 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
$21,494
Tax year 2019
Assessed value
$681,400
Assessed 2023
Previous assessed
$643,900
+5.8% YoY
Effective rate
3.15%
On assessed value
Total market value
$1,362,800
Applied tax rate
37.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1949
Heating
FORCED AIR
Buildings
9
Stories
1
Total area
23,148 SF
Lot
2.99 ac (130,201 SF)
Zoning code
B-3
APN
41-02-25-277-013
UPID
US43-4044158
Jurisdiction
KENT
Zoning & alternative use
B-3 · Cedar Springs, MIZoning B-3 · permitted uses
B-3 · Cedar Springs, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DIVISION 10. - HIGHWAY BUSINESS (B-3) Sec. 32-392. - Purpose. This zoning district is intended to provide for an orderly and concentrated development of business primarily along Main Street as designated in the city master plan in order to serve the needs of the motoring public and local residents. A wide range of retail, service, office, governmental, and institutional uses are permitted. (Code 2009, § 40-340; Ord. No. 53-A, § 15.01, 8-16-1982; Ord. No. 216 , § 1(40-340), 5-14-2019)
Zone name
Highway Business
General category
COMMERCIAL
Zone area
63.83 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1949
Heating
FORCED AIR
Stories
1
Buildings
9
Lot
2.99 ac
Current owner
From public records · entity-resolved
Cedarquest LLC
Entity
Mailing address
345 N MAIN, CEDAR SPRINGS, MI 49319-9700
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
—
Cedarquest LLC
—
Deed
related
$750,000 · Macatawa Bank
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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