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Property profile & analytics
OFF-MARKET
Commercial real estate
4130 Oak Park SE Dr, Grand Rapids, MI 49508-3699
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-5000906
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.07 ac (90,039 SF)
Zoning code
MON-MDR
APN
41-18-20-430-012
UPID
US43-5000906
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
-
Oak Park Apartments Apartment Complex Real Estate Agency
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
Oak Park Apts LLC · 9 yrs held
Oak Park Apts LLC
since 2016
7 recorded transactions
Zoning & alternative use
MON-MDR · 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
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 2021Property tax & assessments
Tax year 2021
Tax billed
$33,988
Tax year 2021
Assessed value
$1,499,400
Assessed 2023
Previous assessed
$1,219,200
+23.0% YoY
Effective rate
2.27%
On assessed value
Total market value
$2,998,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
1
Stories
1
Lot
2.07 ac (90,039 SF)
Zoning code
MON-MDR
APN
41-18-20-430-012
UPID
US43-5000906
Jurisdiction
KENT
Zoning & alternative use
MON-MDR · Grand Rapids, MI
Zoning MON-MDR · permitted uses
MON-MDR · 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
Heating
NONE
Stories
1
Buildings
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Oak Park Apts LLC
Entity
Mailing address
1800 NEWPORT HLS DR E, NEWPORT BEACH, CA 92660-7113
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
Oak Park Apts LLC
—
Deed
related
$2,047,435 · Extensia Financial LLC
Nov 2, 2016
—
Oak Park Apts LLC
Kp Oak Park LLC
Quit Claim Deed
$1,000,000 · Us Bank Series 2015-sb2 (ce)
Apr 29, 2015
—
Kp Oak Park LLC
Oak Park Housing LLC
Warranty Deed
$1,000,000 · Arbor Commercial Mortgage LLC
Oct 29, 2010
—
Oak Park Housing LLC
Bank Of West
Warranty Deed
$630,000 · Bank Of The West
Aug 14, 2009
$101,714
Record Owner
Consumers Cu
Grant Deed
related
—
Jul 17, 2009
$101,352
Consumers Cu
Sheriff Of Kent County
Trustees Deed
related
—
Dec 1, 2008
$1,189,741
Bank Of West
Sheriff Of Kent County
Trustees Deed
related
—
Aug 28, 2000
$1,150,000
Br2 LLC
Vangelderen,ronald J & Christine
Grant Deed
$840,000 · United Bank Of Michigan
Jun 3, 1998
$790,000
Ronald Vangelderen
Vanmanen,jack J & Johanna
Grant Deed
$620,000 · Ameribank
—
—
Oak Park Housing LLC
—
Deed Of Trust
related
$728,000 · Horizon Bank
—
—
Br2 LLC
—
Deed Of Trust
related
$100,000 · Consumers Cu
—
—
Br2 LLC
—
Deed Of Trust
related
$1,120,000 · Bank Of The West
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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