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Property profile & analytics
FOR SALE
Auto shops
3980 Rivertown Pkwy Grandville, MI 49418
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1418311
For Sale
$3,764,705
3980 Rivertown Pkwy, Grandville, MI 49418
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Total area
12,128 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C-4
APN
41-17-29-151-012
UPID
US43-1418311
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
$751k
Blend (final)
Blend
$750k
Owner & transaction history
Tf Grandville Mi LLC · 7 yrs held
Tf Grandville Mi LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-4 · Grandville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$985,000
+31.2%
Commercial (general)
$950,000
+26.2%
Office building
$930,000
+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 Grandville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grandville 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
$750,000
Current use
RETAIL STORES
$985,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$950,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$930,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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 2021Property tax & assessments
Tax year 2021
Tax billed
$21,219
Tax year 2021
Assessed value
$440,600
Assessed 2023
Previous assessed
$414,500
+6.3% YoY
Effective rate
4.82%
On assessed value
Total market value
$881,200
Applied tax rate
58.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1999
Heating
NONE
Buildings
1
Stories
1
Total area
12,128 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C-4
APN
41-17-29-151-012
UPID
US43-1418311
Jurisdiction
KENT
Zoning & alternative use
C-4 · Grandville, MI
Zoning C-4 · permitted uses
C-4 · Grandville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grandville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$750,000
RETAIL STORES
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$950,000
OFFICE BUILDING
Est. value
$930,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1999
Heating
NONE
Stories
1
Buildings
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Tf Grandville Mi LLC
Entity
Mailing address
1170 KANE CONCOURSE BLVD STE #200, BAY HARBOR ISLANDS, FL 33154-2006
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
Tf Grandville Mi LLC
—
Deed
related
$460,000,000 · Ubs Ag Stamford Branch
Apr 23, 2019
—
Tf Grandville Mi LLC
—
Grant Deed
related
$800,000,000 · Hps Inv Ptrs LLC
Mar 6, 2019
—
Tf Grandville Mi LLC
Src Facilities LLC
Trustees Deed
$325,000,000 · Jpp LLC
Sep 11, 2018
—
Src Facilities LLC
—
Loan Modification
related
$143,000,000 · Ubs Ag Stamford Br
Mar 21, 2018
—
Src Facilities LLC
—
Grant Deed
related
$200,000,000 · Ubs Ag Stamford Br
May 10, 2004
—
Src Facilities Statutory Trust
Sears Roebuck & Co
Grant Deed
$6,272,000 · Wells Fargo Bank Minnesota
Aug 21, 2000
—
Sears Roebuck & Co
Ggp Grandville LLC
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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