Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4485 Plainfield Ave NE Grand Rapids, MI 49525
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4485 Plainfield Ave NE Grand Rapids, MI 49525

    View on Map
    • Commercial real estate
    • 2.64 lot acres
    For Lease
    View Listing →
    Renovated Retail/Office Space Available For Lease
    Contact for pricing

    Renovated Retail/Office Space Available

    Highly visible retail or office space with ample parking.

    4485 Plainfield Avenue NE, Grand Rapids, MI 49525
    View Listing
    Property ID
    US43-1146899
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arthur Murray Dance Studio of Plainfield / Training Center
    • SalonCentric / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Michigan Road Testing / Driver'S License Office
    • Disc Baron Disc Golf / (Bike/Boat/Book/etc) Store
    • Aura Beauty Bar - Plainfield / Cosmetic Store

    Property Details for 4485 Plainfield Ave NE

    Lot size
    2.64 lot acres
    Zone code
    PUD
    Property type
    Commercial real estate
    APN
    41-10-27-351-021
    APU
    411027351021

    Description

    This exceptional 1,938 square foot executive office space is situated within a recently renovated building at 4485 Plainfield Avenue NE in Grand Rapids, Michigan. The property, identified by APN 41-09-27-351-013, is zoned Commercial/C-1 and offers a prime location with high visibility. The entire building encompasses 17,395 square feet and features convenient on-site parking. This single-suite space is part of a multi-tenant building, providing a professional and collaborative environment. The ceiling height is 9 feet, offering ample space and a modern feel. The property's strategic location places it in close proximity to a variety of established businesses, including Dunham Sports, Lowe's, Kia of North GR, and Biggby Coffee, ensuring high foot traffic and excellent brand visibility. This is an exceptional opportunity for businesses seeking a well-located, modern, and readily available executive office space in a thriving commercial area of Grand Rapids. The property is located in Kent County, Michigan, with a zip code of 49525.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6077
    Latitude
    43.0445
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $36,960
    $0.00
    $0.00
    $1,263,600
    -
    $0.00
    $0.00
    $2,527,200

    Comparable in this City

    • Value Estimation by Request
      8.00 Acres

      1405 Elmdale NE St

      COMMERCIAL (GENERAL) • 8.00 Acres
      1405 Elmdale NE St, Grand Rapids, MI 49525-2764
      View Details
    • Value Estimation by Request

      3781 Fitzhugh NE Ave

      COMMERCIAL (GENERAL)
      3781 Fitzhugh NE Ave, Grand Rapids, MI 49525-2265
      View Details
    • Value Estimation by Request
      1.21 Acres

      4300 Plainfield NE Ave

      COMMERCIAL (GENERAL) • 1.21 Acres
      4300 Plainfield NE Ave, Grand Rapids, MI 49525-1639
      View Details
    • Value Estimation by Request
      4.39 Acres

      3780 Plainfield NE Ave

      COMMERCIAL (GENERAL) • 4.39 Acres
      3780 Plainfield NE Ave, Grand Rapids, MI 49525-2404
      View Details
    • Value Estimation by Request
      2.50 Acres

      4650 Plainfield NE Ave

      COMMERCIAL (GENERAL) • 2.50 Acres
      4650 Plainfield NE Ave, Grand Rapids, MI 49525-1229
      View Details
    • Value Estimation by Request
      2.52 Acres

      4343 Plainfield NE Ave

      COMMERCIAL (GENERAL) • 2.52 Acres
      4343 Plainfield NE Ave, Grand Rapids, MI 49525-1613
      View Details

    Similar Nearby for Sale

    • $364,900
      Pending

      Celadon Condo with Community Amenities

      Spacious 4-bed, 2-bath condo in a desirable location.
      2005 Celadon Dr NE, Grand Rapids, MI 49525
      View Details
    • $4,700,000

      Grand Rapids Office/Medical Complex

      Office and medical complex in thriving NE submarket.
      3264 N Evergreen Dr NE, Grand Rapids, MI 49525
      View Details
    • $235,000
      26,859 SF

      Prime Knapp's Corner Development Lot

      1.12-acre commercial lot in thriving Knapp's Corner.
      2415 E Beltline Ave NE, Grand Rapids, MI 49525
      View Details
    • $124,900
      Pending

      Grand Rapids 1.3 Acre Land

      1.3 acre single family building site near Knapp's Corner.
      4590 3 Mile Rd NE, Grand Rapids, MI 49525
      View Details
    • $450,000
      0.52 Acres

      Residential Lot in Waterleaf

      0.52-acre lot in the desirable Waterleaf neighborhood.
      3769 Lake Birch St NE, Grand Rapids, MI 49525
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      3757 Plainfield Ave NE, Grand Rapids, MI 49525
      View Details
    • Contact for pricing

      Medical Office Space Available

      9,106 SF suite ideal for medical or dental practice.
      3322 Beltline Ct, Grand Rapids, MI 49525
      View Details
    • Contact for pricing

      Commercial Space Near Plainfield Avenue

      Commercial space for lease near Plainfield Avenue and I-96.
      1711-1717 4 Mile Rd NE, Grand Rapids, MI 49525
      View Details
    • $19 SF/Yr
      965 SF

      Grand Rapids Commercial Space For Rent

      Medical or office space in high-traffic Plainfield corridor.
      4260 Plainfield Ave NE, Grand Rapids, MI 49525
      View Details
    • Contact for pricing

      Medical/Office Space Near Spectrum Health

      Shell space for medical or office build-out near Spectrum Health.
      2727 E Beltline Ave, Grand Rapids, MI 49525
      View Details
    • Contact for pricing

      East Beltline Office Space

      Office space for rent in excellent East Beltline location.
      3355 Eagle Park Dr NE, Grand Rapids, MI 49525
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4485 Plainfield Ave NE
    Grand Rapids, MI 49525
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!