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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Office buildings
3686 32nd Ave, Hudsonville, MI 49426-8546
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-4289257
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
11,375 SF
Lot
1.92 ac (83,635 SF)
Zoning code
SEE MAP
APN
70-18-09-100-068
UPID
US43-4289257
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
-
bohn dental Dental Office
-
Edward Jones - Financial Advisor: Ryan S Ten Have, CFP®|AAMS™ Financial Advisor
-
The Derby Tavern Restaurant
-
Dr. Keegan Bohn Medical Clinic
-
Advent Physical Therapy - Hudsonville Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.41M
Owner & transaction history
The Hop Family LLC · 4 yrs held
The Hop Family LLC
since 2021
4 recorded transactions
Zoning & alternative use
SEE MAP · Hudsonville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+8.4%
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
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
OFFICE BUILDING
$1,555,000
Current use
RETAIL STORES
$1,685,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,505,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±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
$211 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$61,708
Tax year 2022
Assessed value
$1,474,300
Assessed 2023
Previous assessed
$1,290,600
+14.2% YoY
Effective rate
4.19%
On assessed value
Total market value
$2,948,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
11,375 SF
Lot
1.92 ac (83,635 SF)
Zoning code
SEE MAP
APN
70-18-09-100-068
UPID
US43-4289257
Jurisdiction
OTTAWA
Zoning & alternative use
SEE MAP · Hudsonville, MI
Zoning SEE MAP · permitted uses
SEE MAP · Hudsonville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hudsonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
The Hop Family LLC
Entity
Mailing address
2696 CHICAGO DR SW, WYOMING, MI 49519-1628
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2021
—
The Hop Family LLC
Jamestown Square LLC
Warranty Deed
—
Nov 18, 2019
—
Jamestown Square LLC
—
Deed
related
$1,810,917 · Grand River Bank
Oct 14, 2019
—
Jamestown Square LLC
Cc7 Development LLC
Warranty Deed
—
Apr 15, 2019
—
Cc7 Developement LLC
—
Deed
related
$195,000 · Chemical 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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