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Property profile & analytics
OFF-MARKET
Estimated value
$17,110,000
Industrial properties
4300 36th SE St Kentwood, MI 49512-2905
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1709344
Property summary
AI-generated overview
This exceptional Grand Rapids industrial property, located at 4300 36th St SE, offers over 618,805 square feet of warehouse and manufacturing space in a multi-tenant building. Situated on a substantial 37-acre lot in Kent County's Airport District, this Class B property boasts a range of sizes available, from a minimum of 44,405 square feet to a maximum contiguous space of 114,480 square feet
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Total area
619,165 SF
Lot
37 ac (1,611,720 SF)
Zoning code
I1
APN
41-18-24-126-001
UPID
US43-1709344
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
$17.11M
Blend (final)
Blend
$17.11M
Owner & transaction history
Grand Rapids 36th Street LLC · 5 yrs held
Grand Rapids 36th Street LLC
since 2020
6 recorded transactions
Zoning & alternative use
I1 · 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
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
INDUSTRIAL (GENERAL)
$28,105,000
Current use
Blend value · Realmo final
$17.11M
Range $15.40M – $18.82M · ±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
$28 / 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
$457,231
Tax year 2019
Assessed value
$9,064,600
Assessed 2023
Previous assessed
$7,913,000
+14.6% YoY
Effective rate
5.04%
On assessed value
Total market value
$18,129,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1961
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
619,165 SF
Lot
37 ac (1,611,720 SF)
Zoning code
I1
APN
41-18-24-126-001
UPID
US43-1709344
Jurisdiction
KENT
Zoning & alternative use
I1 · Kentwood, MI
Zoning I1 · permitted uses
I1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$28.1M
INDUSTRIAL (GENERAL) Current
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
1961
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
37 ac
Current owner
From public records · entity-resolved
Grand Rapids 36th Street LLC
Entity
Mailing address
4020 KINROSS LKS PKWY STE #200, RICHFIELD, OH 44286-9249
Ownership since
2020
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
Nov 16, 2021
—
Grand Rapids 36th Street LLC
—
Deed
related
$4,760,000 · Associated Bank NA
Aug 14, 2020
—
Grand Rapids 36th Street LLC
Oresents Knoll INC
Deed
$13,877,000 · Associated Bank NA
Oct 7, 2004
—
Knoll INC
—
Deed Of Trust
related
$500,000,000 · Ubs Ag Stamford Br
—
—
Knoll INC
—
Deed Of Trust
related
$650,000 · Bank Of America
—
—
Knoll INC
—
Deed Of Trust
related
—
—
—
Knoll INC
—
Deed Of Trust
related
—
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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