Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4640 River Dr Comstock Park, MI 49321

    • Commercial real estate
    • 1.39 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0967527
    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.

    Current Use by Public Records

    • No.1 Chinese Restaurant / Restaurant
    • OnPoint a Minutemen Staffing Company / Employment Agency
    • Transformology By Kelly / Medical Clinic / Skin Care Clinic
    • Nail Master / Nail Salon
    • Choice One Wireless Inc / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 4640 River Dr

    Lot size
    1.39 lot acres
    Property type
    Commercial real estate
    APN
    41-10-30-451-012
    APU
    411030451012

    Description

    This exceptional 1,148 square foot retail space is ideally situated on West River Drive NE in Comstock Park, Kent County, Michigan. The property boasts a single-tenant occupancy, offering a blank canvas for a variety of commercial ventures. The building is a single-story structure, zoned C-1, providing flexibility for various retail uses. The property's APN is 41-10-30-451-012. The entire 1,148 square feet is currently vacant, presenting a unique opportunity for immediate occupancy. This prime location benefits from exceptional visibility and high traffic volume, with an impressive 18,800 Average Daily Traffic (ADT) reported by GVMC in 2022. The surrounding area is vibrant and features a strong mix of established businesses, including popular restaurants and retailers such as Biggby Coffee, Subway, Jet's Pizza, Golf 616, The Grilling Company, and Wendy's, ensuring high foot traffic and customer visibility. This property represents a compelling investment opportunity for businesses seeking a well-located, readily available retail space in a thriving commercial area. The property's single-story design and ample square footage offer significant potential for customization and adaptation to suit a wide range of retail concepts. Don't miss this chance to establish your business in a high-traffic, convenient location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Comstock Park
    County
    Kent
    State
    Michigan
    Longitude
    -85.6557
    Latitude
    43.0468
    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
    $23,463
    $0.00
    $0.00
    $619,300
    -
    $0.00
    $0.00
    $1,238,600

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      850 Nw -

      Land • 0.46 Acres
      850 Nw -, Comstock Park, MI 49321
      View Details
    • Value Estimation by Request
      1.08 Acres

      850 Nw -

      Land • 1.08 Acres
      850 Nw -, Comstock Park, MI 49321
      View Details
    • Value Estimation by Request
      47.13 Acres

      1055 7th Mile NW Rd

      COMMERCIAL (GENERAL) • 47.13 Acres
      1055 7th Mile NW Rd, Comstock Park, MI 49321-9542
      View Details
    • Value Estimation by Request
      1.91 Acres

      4251 Alpenhorn NW Dr

      COMMERCIAL (GENERAL) • 1.91 Acres
      4251 Alpenhorn NW Dr, Comstock Park, MI 49321-8605
      View Details
    • Value Estimation by Request
      9.11 Acres

      4250 Chasseral NW Dr

      COMMERCIAL (GENERAL) • 9.11 Acres
      4250 Chasseral NW Dr, Comstock Park, MI 49321-9172
      View Details
    • Value Estimation by Request

      4100 Cordes NW Ave

      COMMERCIAL (GENERAL)
      4100 Cordes NW Ave, Comstock Park, MI 49321
      View Details

    Similar Nearby for Sale

    • $450,000
      0.92 Acres

      Range at Alpine Commercial Lot

      0.92-acre commercial lot in Comstock Park, MI
      850 Nw -, Comstock Park, MI 49321
      View Details
    • $2,200,000
      2.80 Acres

      Range Street Commercial Land

      2.8-acre commercial lot in Comstock Park, MI
      850 Nw -, Comstock Park, MI 49321
      View Details
    • $500,000
      0.55 Acres

      Comstock Park Commercial Land

      0.55-acre lot, prime Alpine Ave location.
      850 Nw -, Comstock Park, MI 49321
      View Details
    • $400,000
      1.84 Acres

      Range at Alpine Commercial Lot

      1.84-acre commercial lot in Comstock Park, MI
      850 Range St, Comstock Park, MI 49321
      View Details
    • $1,500,000
      5.74 Acres

      Range at Alpine: Lot 10

      5.74 Acres Commercial Land, Comstock Park
      850 Nw -, Comstock Park, MI 49321
      View Details
    • $750,000
      1.00 Acre

      Range at Alpine Commercial Lot

      Prime Comstock Park commercial land.
      850 Nw -, Comstock Park, MI 49321
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      9,484 SF

      Medical Office Building, Comstock Park

      Class A Medical Office, Ample Parking
      4211 Division Ave, Comstock Park, MI 49321
      View Details
    • $11 SF/Yr
      111,242 SF

      Comstock Park Retail Space - 111,242 SF

      Large Retail Building, Prime Location, Kent County
      4273 Alpine Ave, Comstock Park, MI 49321
      View Details
    • $12 SF/Yr
      1,148 SF

      Comstock Park Retail Space Available

      1,148 SF Retail Space - High Traffic Area
      4640 River Dr, Comstock Park, MI 49321
      View Details
    • $15 SF/Yr
      1,000 SF

      Comstock Park Retail Space Available

      1,000 SF Inline Retail Suite for Lease
      4669 Alpine Ave, Comstock Park, MI 49321
      View Details
    • $24 SF/Yr
      22,902 SF

      Comstock Park Retail Center

      High-traffic Alpine Ave location, 1,250 SF available.
      4020 Alpine Ave, Comstock Park, MI 49321
      View Details
    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.
    4640 River Dr
    Comstock Park, MI 49321
    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.