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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Drive through restaurants
4360 Kenowa SW Ave Grandville, MI 49418-2258
Entity Owned
~
Est. High Equity
Property ID
US43-1093169
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1998
Total area
3,672 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C-5
APN
41-17-19-351-010
UPID
US43-1093169
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
$520k
Owner & transaction history
Steak N Shake Properties INC
Steak N Shake Properties INC
since 2026
4 recorded transactions
Zoning & alternative use
C-5 · Grandville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(F) C-5 Commercial Freeway Interchange District. The C-5 Commercial Freeway Interchange District accommodates a variety of uses that are appropriate to freeway interchange locations. Related regulations protect against uncontrolled development and optimize nonresidential land uses. All of this is accomplished while the immediate environment, both existing an…
Zone name
Commercial Freeway Interchange
General category
COMMERCIAL
Zone area
153.40 ac
Source
Grandville Zoning Ordinance Effective 4 13 2026
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
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
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$142 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$18,312
Tax year 2021
Assessed value
$423,400
Assessed 2023
Previous assessed
$404,900
+4.6% YoY
Effective rate
4.32%
On assessed value
Total market value
$846,800
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Total area
3,672 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C-5
APN
41-17-19-351-010
UPID
US43-1093169
Jurisdiction
KENT
Zoning & alternative use
C-5 · Grandville, MIZoning C-5 · permitted uses
C-5 · Grandville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(F) C-5 Commercial Freeway Interchange District. The C-5 Commercial Freeway Interchange District accommodates a variety of uses that are appropriate to freeway interchange locations. Related regulations protect against uncontrolled development and optimize nonresidential land uses. All of this is accomplished while the immediate environment, both existing and proposed, is protected. The district also promotes rational urban design that provides community facilities or infrastructure, employment and retail opportunities, and services to the traveling public in a convenient and attractive manner and encourages creative and imaginative land use and design in a unique setting. Table of Uses The following abbreviations apply to the table of uses for the Office and Commercial Zoning Districts:
Zone name
Commercial Freeway Interchange
General category
COMMERCIAL
Zone area
153.40 ac
Source
Grandville Zoning Ordinance Effective 4 13 2026
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Steak N Shake Properties INC
Entity
Mailing address
PO BOX 460169, HOUSTON, TX 77056-8169
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
—
Steak N Shake Properties INC
Steak N Shake INC
Special Warranty Deed
related
$225,000,000 · Citibank Nys
Nov 27, 2024
—
Steak N Shake INC
—
Deed
related
$75,000,000 · International Bank Of Commerce
Jun 14, 2018
—
Steak N Shake INC
—
Deed
related
$5,000 · Jefferies Fin
—
—
Steak N Shake INC
—
Deed Of Trust
related
$5,000 · Jefferies Fin
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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