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Property profile & analytics
OFF-MARKET
Estimated value
$14,195,000
Industrial properties
3953 Trade SE Dr, Grand Rapids, MI 49508-2499
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-4248619
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Total area
625,854 SF
Lot
13.93 ac (606,791 SF)
Zoning code
SD-IT
APN
41-18-20-300-070
UPID
US43-4248619
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
$14.19M
Blend (final)
Blend
$14.20M
Owner & transaction history
Fsc Industrial IV Dst · 5 yrs held
Fsc Industrial IV Dst
since 2020
5 recorded transactions
Zoning & alternative use
SD-IT · 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
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
$14.20M
Range $12.78M – $15.61M · ±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
$23 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$205,094
Tax year 2021
Assessed value
$4,218,200
Assessed 2023
Previous assessed
$3,855,900
+9.4% YoY
Effective rate
4.86%
On assessed value
Total market value
$8,436,400
Applied tax rate
51.0000
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
1974
Heating
NONE
Buildings
5
Stories
1
Total area
625,854 SF
Lot
13.93 ac (606,791 SF)
Zoning code
SD-IT
APN
41-18-20-300-070
UPID
US43-4248619
Jurisdiction
KENT
Zoning & alternative use
SD-IT · Grand Rapids, MI
Zoning SD-IT · permitted uses
SD-IT · 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
1974
Heating
NONE
Stories
1
Buildings
5
Lot
13.93 ac
Current owner
From public records · entity-resolved
Fsc Industrial IV Dst
Individual
Mailing address
1901 MAIN ST BLDG A, LAKE COMO, NJ 07719-2954
Ownership since
2020
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 14, 2020
—
Fsc Industrial IV Dst
New West Mi III Industrial Invr LLC
Deed
$22,550,000 · Oceanfirst Bank
Jun 25, 2020
—
New W Michigan III Indl Invtr
—
Deed
related
$30,000,000 · Associated Bk
Aug 16, 2019
—
New West Michigan III Industial Inv
Bear Lake Associates II LLC
Warranty Deed
$12,886,248 · Pnc Bank NA
Jun 6, 2008
—
3951 Trade Drive LLC
Ashley Grand Rapids LLC
Grant Deed
$17,500 · Fifth Third Bk
—
—
New W Michigan III Indl Invtr
—
Deed Of Trust
related
$30,000,000 · Associated Bk
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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