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Property profile & analytics
OFF-MARKET
Estimated value
$8,050,000
Commercial real estate
4595 Broadmoor SE Ave, Kentwood, MI 49512-5393
Entity Owned
~
Est. High Equity
Property ID
US43-1763617
Property summary
AI-generated overview
This exceptional Kentwood, MI office building at 4595 Broadmoor Ave SE offers 27,771 square feet of versatile space, ideal for businesses seeking traditional office or flex space. The property features 11 suites, ranging from 608 to 11,103 contiguous square feet, with 22,728 square feet currently available. Located just one mile from Gerald R. Ford International Airport and two miles from M-6, this two-story building boasts excellent visibility on Broadmoor Avenue, offering prime signage opportunities. Recent renovations include updated common areas with fresh paint, new carpeting, improved lighting, and upgraded ceiling tiles. Further improvements to restrooms, entryways, and lighting are planned. The building is under new ownership, and tenant improvement packages are available for qualified tenants. This location provides easy access to 28th Street and offers a variety of suite sizes and amenities to accommodate various business needs, making it an excellent choice for growth-oriented companies seeking a convenient and well-maintained workspace in Kent County. The minimum divisible space is 608 square feet.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Total area
101,447 SF
Lot
5.62 ac (244,807 SF)
Zoning code
I1
APN
41-18-25-101-005
UPID
US43-1763617
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
$8.05M
Blend (final)
Blend
$8.05M
Owner & transaction history
Leader Lights Properties LLC
Leader Lights Properties LLC
since 2025
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
Blend value · Realmo final
$8.05M
Range $7.25M – $8.86M · ±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
$79 / 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
$125,544
Tax year 2019
Assessed value
$4,418,600
Assessed 2023
Previous assessed
$4,418,600
+0.0% YoY
Effective rate
2.84%
On assessed value
Total market value
$8,837,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
101,447 SF
Lot
5.62 ac (244,807 SF)
Zoning code
I1
APN
41-18-25-101-005
UPID
US43-1763617
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.
Building & site characteristics
From public records
Year built
1990
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
5.62 ac
Current owner
From public records · entity-resolved
Leader Lights Properties LLC
Entity
Mailing address
3196 KRAFT AVE SE STE #200, GRAND RAPIDS, MI 49512-2065
Ownership since
2025
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
Dec 31, 2025
—
Leader Lights Properties LLC
Noble Heights Real Estate Ventures
Deed
$2,000,000 · Grand River Bank
Oct 10, 2023
—
Noble Heights Real Esatte Ventures
Core Grand Rapids Owner LLC
Deed
$4,128,000 · Choiceone Bank
May 13, 2013
—
Core Grand Rapids Owner LLC
Core West Michigan Airport I
Quit Claim Deed
—
Jan 25, 2008
—
Tic Grand Rapids Airport 1 LLC
Core West Michigan Airport Industri
Warranty Deed
$27,900,000 · Wachovia Bank NA
Nov 21, 2007
—
4595 Broadmoor Llcc
Ritsba Land Dev Co LLC
Warranty Deed
—
Feb 15, 2000
—
Ritsba Land Development Co LLC
Ritsba Land Development Co
Quit Claim Deed
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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