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Property profile & analytics
OFF-MARKET
Strip malls
4187 Chicago SW Dr, Grandville, MI 49418-1292
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1056453
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
8,315 SF
Lot
0.86 ac (37,462 SF)
Zoning code
CBD
APN
41-17-18-276-010
UPID
US43-1056453
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
4187 Chicago Dr LLC · 7 yrs held
4187 Chicago Dr LLC
since 2018
6 recorded transactions
Zoning & alternative use
CBD · Grandville, 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 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
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
$20,562
Tax year 2021
Assessed value
$388,400
Assessed 2023
Previous assessed
$364,900
+6.4% YoY
Effective rate
5.29%
On assessed value
Total market value
$776,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
8,315 SF
Lot
0.86 ac (37,462 SF)
Zoning code
CBD
APN
41-17-18-276-010
UPID
US43-1056453
Jurisdiction
KENT
Zoning & alternative use
CBD · Grandville, MI
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
4187 Chicago Dr LLC
Entity
Mailing address
PO BOX 140057, GRAND RAPIDS, MI 49514-0057
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2018
—
4187 Chicago Dr LLC
Bmr Grandville Group L L C
Warranty Deed
$450,000 · Independent Bank
May 4, 2017
—
4187 Chicago Drive LLC
Bmr Grandville Group LLC
Quit Claim Deed
—
Aug 31, 2011
—
4187 Chicago Drive LLC
Rietberg,allan J & Julia R
Quit Claim Deed
related
—
—
—
Bmr Grandville Group LLC
—
Deed Of Trust
related
$660,000 · Macatawa Bank
—
—
Bmr Grandville Group LLC
—
Deed Of Trust
related
$683,000 · Macatawa Bank
—
—
Bmr Grandville Group LLC
—
Deed Of Trust
related
$660,000 · Macatawa 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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