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Property profile & analytics
FOR LEASE
Commercial land
4271 28Th St SE Kentwood, MI 49512
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1221449
For Lease
$19.50 SF/Yr
4271 28Th St SE, Kentwood, MI 49512
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Property summary
AI-generated overview
This exceptional 6,000-square-foot freestanding retail building is available for lease in Kentwood, Michigan's vibrant 28th Street Southeast submarket. Located at 4271 28th Street SE, this single-tenant property offers significant potential for a variety of retail businesses. While not directly fronting 28th Street, it benefits from a 28th Street address and convenient access. The building is currently vacant and ready for immediate occupancy. The property is zoned C-2, providing flexibility for a range of commercial uses. The final price will be determined based on the finalized design and specifications, subject to owner approval of the tenant's intended use and creditworthiness. Securing necessary permits and financing is also a condition of the lease. This is a lease-only opportunity
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.72 ac (31,233 SF)
Zoning code
C4
APN
41-18-12-376-021
UPID
US43-1221449
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
LSB PARTNERS LLC
LSB PARTNERS LLC
Zoning & alternative use
C4 · Kentwood, 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 Kentwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kentwood 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 2019Property tax & assessments
Tax year 2019
Tax billed
$2,252
Tax year 2019
Assessed value
$62,400
Assessed 2023
Previous assessed
$62,400
+0.0% YoY
Effective rate
3.61%
On assessed value
Total market value
$124,800
Applied tax rate
65.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Heating
NONE
Lot
0.72 ac (31,233 SF)
Zoning code
C4
APN
41-18-12-376-021
UPID
US43-1221449
Jurisdiction
KENT
Zoning & alternative use
C4 · Kentwood, MI
Zoning C4 · permitted uses
C4 · Kentwood, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kentwood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.72 ac
Current owner
From public records · entity-resolved
LSB PARTNERS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4265 28TH ST SE, KENTWOOD, MI 49512-5670
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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