Realmo Analytics

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Financial
Distress signals
Property profile

4890 Kendrick St SE Grand Rapids, MI 49512

FOR LEASE
Industrial properties
Property ID
US43-0897391
79,678 SF 5.64 ac lot Built 1999
Last sale Dec 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$81k
Tax billed · 2019
Assessed value · 2023$2.84M
Effective rate2.86%

Value estimate

· Oct 2026
$4.91M
$4.41M – $5.40M
Submarket $/SF estimate$4.91M
NOI build-up
Gross scheduled income$1.44M
Vacancy & credit loss−$323k
Operating expenses−$278k
NOI · 12,842,092.31% cap applied$835k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$46/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$23 – $62

Cap rate analysis

How does the asset earn?
12,842,092.31%
$835k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.1
Tailor Shop8.6
Bakery8.2

Location

4890 Kendrick St SE Grand Rapids, MI 49512
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3498 Kraft SE, Grand Rapids, MI 49512-2003 $2,350,000 Jun 2022 26,942 SF
4617 Paris SE, Kentwood, MI 49512-5316 $2,560,000 Jan 2022 45,850 SF
4855 Broadmoor SE, Kentwood, MI 49512-5360 $7,520,000 Jan 2022 151,995 SF
4156 Danvers SE, Kentwood, MI 49512-4078 $2,300,000 Jun 2021 42,000 SF
3801 Kraft SE, Grand Rapids, MI 49512-2039 $1,900,000 Jan 2021 55,233 SF
4707 40th SE, Kentwood, MI 49512-4076 $585,000 Apr 2019 19,206 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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