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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Commercial real estate
3615 29th SE St, Kentwood, MI 49512-1811
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0148629
Property summary
AI-generated overview
This exceptional standalone office building, situated on a 0.665-acre lot at the corner of 29th Street SE and Broadmoor in Kentwood, Michigan (APN: 41-18-14-201-031), presents a compelling investment opportunity. The 6,480-square-foot building, constructed in 1984 and zoned C, offers a versatile floor plan suitable for various professional uses. The property features seven private offices, a spacious conference room, and multiple open workspaces, complemented by an oversized kitchenette ideal for larger gatherings. Recent improvements include a new asphalt parking lot, while the HVAC systems were updated in 2008 and 2013, and the roof was replaced in 2008. The building is well-maintained and ready for immediate occupancy
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Total area
6,480 SF
Lot
0.66 ac (28,967 SF)
Zoning code
C2
APN
41-18-14-201-031
UPID
US43-0148629
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
$614k
Blend (final)
Blend
$615k
Owner & transaction history
Block Property Hodlings LLC · 1 yrs held
Block Property Hodlings LLC
since 2025
6 recorded transactions
Zoning & alternative use
C2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$95 / 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
$12,195
Tax year 2019
Assessed value
$337,200
Assessed 2023
Previous assessed
$325,400
+3.6% YoY
Effective rate
3.62%
On assessed value
Total market value
$674,400
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
1984
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
6,480 SF
Lot
0.66 ac (28,967 SF)
Zoning code
C2
APN
41-18-14-201-031
UPID
US43-0148629
Jurisdiction
KENT
Zoning & alternative use
C2 · Kentwood, MI
Zoning C2 · permitted uses
C2 · 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
1984
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Block Property Hodlings LLC
Entity
Mailing address
PO BOX 3249, KALAMAZOO, MI 49003-3249
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
Feb 3, 2025
—
Block Property Hodlings LLC
Summitbridge Partners INC
Warranty Deed
$760,000 · Choiceone Bank
Jun 10, 2010
—
Superior Business Forms INC
3615-29th Street LLC
Warranty Deed
—
Jul 10, 2008
—
3615-29th Street LLC
Marek Von LLC
Warranty Deed
—
Jan 20, 2004
—
Marek Von LLC
Mascari,tr
Grant Deed
related
$400,000 · Huntington National Bank
—
—
Superior Business Forms INC
—
Deed Of Trust
related
—
—
—
Superior Business Forms INC
—
Deed Of Trust
related
$450,000 · Pnc 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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