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Property profile & analytics
OFF-MARKET
Industrial properties
3529 3rd Mile NW Rd, Grand Rapids, MI 49534-1229
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0996230
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Total area
10,724 SF
Lot
1.17 ac (50,965 SF)
Zoning code
ML
APN
41-13-05-400-056
UPID
US43-0996230
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
-
Flying Pig Coatings Big Box & Wholesale Store Construction Company
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
Lemaireica2 LLC · 1 yrs held
Lemaireica2 LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
ML · Grand Rapids, 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 Grand Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Rapids 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 2021Property tax & assessments
Tax year 2021
Tax billed
$8,225
Tax year 2021
Assessed value
$269,500
Assessed 2023
Previous assessed
$255,600
+5.4% YoY
Effective rate
3.05%
On assessed value
Total market value
$539,000
Applied tax rate
86.0000
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
1968
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
10,724 SF
Lot
1.17 ac (50,965 SF)
Zoning code
ML
APN
41-13-05-400-056
UPID
US43-0996230
Jurisdiction
KENT
Zoning & alternative use
ML · Grand Rapids, MI
Zoning ML · permitted uses
ML · Grand Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Rapids. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Lemaireica2 LLC
Entity
Mailing address
3529 3RD MILE RD NW, GRAND RAPIDS, MI 49534-1229
Ownership since
2024
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
Dec 12, 2024
—
Lemaireica2 LLC
Joel T Pyper
Deed
—
Sep 2, 2011
—
Joel T Pyper
Cgg Dev LLC
Warranty Deed
—
Mar 14, 2011
$222,390
Mercantile Bk Mtg Co LLC
Sheriff Of Kent County
Trustees Deed
related
—
Jul 10, 2002
—
Cgg Development LLC
Steele,harold
Grant Deed
$344,000 · Mercantile Bank Mortgage Co
—
—
Harold Steele
—
Deed Of Trust
related
$264,000 · Comerica 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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