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Property profile & analytics
OFF-MARKET
Flex space
4065 38th St, Hamilton, MI 49419-9756
Individually Owned
17-yr Hold
Free & Clear
Property ID
US43-2147981
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Total area
3,456 SF
Lot
1.09 ac (47,480 SF)
APN
18-024-019-10
UPID
US43-2147981
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
-
Mihm Enterprises Inc 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
David Alan Vande Guchte · 17 yrs held
David Alan Vande Guchte
since 2008
7 recorded transactions
Zoning & alternative use
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 Hamilton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamilton 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,870
Tax year 2023
Assessed value
$89,100
Assessed 2024
Previous assessed
$76,500
+16.5% YoY
Effective rate
2.10%
On assessed value
Assessed land
$24,200
Assessed improvement
$64,900
Land market value
$48,400
Improvement market value
$129,800
Total market value
$178,200
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,456 SF
Lot
1.09 ac (47,480 SF)
APN
18-024-019-10
UPID
US43-2147981
Jurisdiction
ALLEGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
David Alan Vande Guchte
Individual
Free & Clear · 17 yrs held
Mailing address
4065 38TH ST, HAMILTON, MI 49419-9756
Ownership since
2008
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
Oct 16, 2008
—
David Alan Vande Guchte
Tina Mary Ann Vande Guchte
Quit Claim Deed
related
—
Aug 10, 2006
—
Bob Ziman
Mihm Enterprises INC
Warranty Deed
—
Apr 13, 2006
$138,500
David M Kamps
John A Negley
Warranty Deed
—
Sep 27, 2005
$46,000
Timothy D Westveld
Hamland LLC
Warranty Deed
—
Jun 29, 2005
$169,000
Chris D Thompson
Mark Coffey
Warranty Deed
$160,550 · Paragon Bank & Trust
Jun 29, 2005
$35,200
Mark Coffey
Hamland LLC
Warranty Deed
—
Jan 25, 2005
$164,900
Patrick S Mitchell
Mark Coffey
Warranty Deed
$141,000 · National City Mortgage Services Co
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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