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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Industrial properties
4544 Broadmoor SE Ave, Kentwood, MI 49512-5366
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1197363
Property summary
AI-generated overview
This exceptional 30,000-square-foot Class A industrial building, situated on a 6.07-acre lot in Kentwood, Michigan (49512), presents a compelling owner-user opportunity. Built in 1986 and extensively renovated in 2019, this single-story structure boasts 24-foot ceiling heights (slanted roof, ranging down to 20 feet), four dock-high doors, and two overhead doors (including one 16-foot unit). The property features climate-controlled interiors, substantial power capacity, and includes a 5-ton and a 2-ton crane, ideal for various manufacturing processes. Benefitting from over 700 feet of frontage on Broadmoor Avenue SE, this location offers exceptional visibility and signage opportunities. The property is zoned Industrial I-1 and is conveniently located in the Grand Rapids Airport area, making it perfect for manufacturing, distribution, or logistics operations. The asking price is $3,515,000 ($117.17/sq ft), with an occupancy date of April 14, 2024. The APN is 41-18-25-126-007.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
30,000 SF
Lot
3.42 ac (148,975 SF)
Zoning code
I1
APN
41-18-25-126-007
UPID
US43-1197363
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
$1.14M
Blend (final)
Blend
$1.48M
Owner & transaction history
4544 Broadmoor Investors LLC · 1 yrs held
4544 Broadmoor Investors LLC
since 2024
7 recorded transactions
Zoning & alternative use
I1 · Kentwood, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+79.1%
Office building
$2.3M
+68.9%
Auto repair, garage
$1.9M
+36.5%
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
$1,485,000
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)
$1,360,000
Current use
RETAIL STORES
$2,440,000
Change: +79% · Conversion: Moderate
OFFICE BUILDING
$2,300,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,860,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$49 / 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
$29,529
Tax year 2019
Assessed value
$647,800
Assessed 2023
Previous assessed
$558,800
+15.9% YoY
Effective rate
4.56%
On assessed value
Total market value
$1,295,600
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
1986
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
30,000 SF
Lot
3.42 ac (148,975 SF)
Zoning code
I1
APN
41-18-25-126-007
UPID
US43-1197363
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
$1.4M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1986
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
3.42 ac
Current owner
From public records · entity-resolved
4544 Broadmoor Investors LLC
Entity
Mailing address
1185 AVE OF THE AMERICAS FL 39TH, NEW YORK, NY 10036-2601
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
4544 Broadmoor Investors LLC
Andronaco Real Estate Co LLC
Warranty Deed
$2,570,250 · Lake Michigan Cu
Apr 28, 2022
—
Andronaco Real Estate Co LLC
—
Deed
related
$140,000,000 · Twin Brook Capital Partners LLC
Jan 3, 2022
$1,780,000
Answer Real Estate Co LLC
4544 Broadmoor LLC
Deed
—
Aug 24, 2018
—
4544 Broadmoor LLC
Dan Schaap-grand Rapids LLC
Warranty Deed
—
Feb 23, 2004
—
Dan Schaap-grand Rapids LLC
Sjmj Properties LLC
Grant Deed
$702,611 · Fifth Third Bank Western Mi
—
—
Dan Schaap-grand Rapids LLC
—
Deed Of Trust
related
$563,500 · Fifth Third Bank
—
—
Dan Schaap-grand Rapids LLC
—
Deed Of Trust
related
$300,000 · Fifth Third Bank
—
—
Dan Schaap-grand Rapids LLC
—
Deed Of Trust
related
$275,697 · Fifth Third Bank
—
—
Linda Schaap-grand Rapids LLC
—
Deed Of Trust
related
$332,700 · Fifth Third Bank
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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