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Property profile & analytics
OFF-MARKET
Estimated value
$6,980,000
Retail space
4273 Alpine NW Ave Comstock Park, MI 49321-8395
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-0922114
Property summary
AI-generated overview
This exceptional single-tenant retail property, located at 4273 Alpine Ave NW in Comstock Park, Michigan, presents a significant opportunity for businesses seeking expansive space. The building boasts a substantial 111,242 square feet of vacant space, all available for lease. Situated on a generous 21.85-acre lot, this property offers ample room for expansion, parking, and outdoor amenities. The property's zoning is classified as C-PUD, providing flexibility for a variety of commercial uses. The address is 4273-4377 Alpine Avenue NW, Comstock Park, MI 49321, within Kent County. This location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking high traffic exposure. The entire building is currently vacant, presenting a unique chance to customize the space to meet specific business needs. With its significant size and prime location, this property is well-suited for a wide range of retail operations. The property's substantial size and prime location in Kent County, Michigan, make it an attractive investment opportunity. Interested parties are encouraged to inquire for further details and leasing information.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1999
Total area
97,078 SF
Lot
10.67 ac (464,872 SF)
Zoning code
C-PUD
APN
41-09-35-227-003
UPID
US43-0922114
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
-
Just Between Friends Grand Rapids Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.98M
Blend (final)
Blend
$6.98M
Owner & transaction history
Art Van Furniture LLC · 4 yrs held
Art Van Furniture LLC
since 2022
2 recorded transactions
Zoning & alternative use
C-PUD · Comstock Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.0M
+1.1%
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 Comstock Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Comstock Park 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
RETAIL STORES
$7,890,000
Current use
COMMERCIAL (GENERAL)
$7,975,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$7,440,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$6.98M
Range $6.28M – $7.68M · ±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
$72 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$114,527
Tax year 2019
Assessed value
$3,176,400
Assessed 2023
Previous assessed
$3,166,400
+0.3% YoY
Effective rate
3.61%
On assessed value
Total market value
$6,352,800
Applied tax rate
13.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
97,078 SF
Lot
10.67 ac (464,872 SF)
Zoning code
C-PUD
APN
41-09-35-227-003
UPID
US43-0922114
Jurisdiction
KENT
Zoning & alternative use
C-PUD · Comstock Park, MIZoning C-PUD · permitted uses
C-PUD · Comstock Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.4M
RETAIL STORES Current
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
Cooling
Yes
Stories
1
Buildings
2
Lot
10.67 ac
Current owner
From public records · entity-resolved
Art Van Furniture LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2295 8TH MILE RD NW, GRAND RAPIDS, MI 49544-9731
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
—
Art Van Furniture LLC
Lcn Ave Warren Mi LLC
Lease
—
Apr 5, 2017
—
Avf Real Estate I LLC
Vanelslander Archie A
Grant Deed
$68,750,000 · Ubs Ag
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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