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Property profile & analytics
OFF-MARKET
Office buildings
4600 Ivanrest SW Ave, Grandville, MI 49418-9320
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US43-0724752
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Total area
2,738 SF
Lot
0.35 ac (15,246 SF)
Zoning code
R1-A
APN
41-17-28-151-018
UPID
US43-0724752
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
by Request
Owner & transaction history
Cd Holdings LLC · 13 yrs held
Cd Holdings LLC
since 2012
7 recorded transactions
Zoning & alternative use
R1-A · Grandville, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,191
Tax year 2021
Assessed value
$201,600
Assessed 2023
Previous assessed
$200,900
+0.3% YoY
Effective rate
4.06%
On assessed value
Total market value
$403,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Heating
NONE
Buildings
1
Stories
2
Total area
2,738 SF
Lot
0.35 ac (15,246 SF)
Zoning code
R1-A
APN
41-17-28-151-018
UPID
US43-0724752
Jurisdiction
KENT
Zoning & alternative use
R1-A · Grandville, MI
Zoning R1-A · permitted uses
R1-A · Grandville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grandville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
2
Buildings
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Cd Holdings LLC
Entity
Mailing address
1410 PLAINFIELD AVE NE, GRAND RAPIDS, MI 49505-4917
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Cd Holdings LLC
—
Deed
related
$1,062,177 · Lake Michigan Cu
Sep 11, 2020
—
Cd Holdings LLC
—
Deed
related
$416,535 · Lake Mi Cu
Sep 26, 2012
$95,000
Cd Holdings LLC
Federal Natl Mtg Assn Fnma
Grant Deed
—
Mar 13, 2012
—
Federal Natl Mtg Assn Fnma
Citimortgage
Quit Claim Deed
—
Feb 1, 2012
$148,305
Citimortgage
Sheriff Of County Of Kent
Trustees Deed
related
—
—
—
Ralph W Allen JR.
—
Deed Of Trust
related
$100,000 · Williams Ronald A Trust (pt)
—
—
Cd Holdings LLC
—
Deed Of Trust
related
$1,111,290 · Lake Mi Cu
—
—
Ralph W Allen JR.
—
Deed Of Trust
related
$80,000 · Macatawa Bank
—
—
Cd Holdings LLC
—
Deed Of Trust
related
$112,500 · Chemical Bank
—
—
Ralph W Allen JR.
—
Deed Of Trust
related
$118,908 · Comerica Bank
—
—
Cd Holdings LLC
—
Loan Modification
related
$416,535 · Lake Mi Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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