Entity Owned Property summary
AI-generated overview
This exceptional commercial property at 495 Pettis Avenue SE in Ada, Michigan, offers a rare opportunity to lease prime retail and office space. The building, totaling 8,592 square feet, currently features one suite with 1,440 square feet immediately available for lease. The property is zoned commercial and boasts ample on-site parking, a significant advantage for both employees and clients. Its location provides excellent visibility from both Fulton Street and Pettis Avenue, benefiting from high traffic counts. The property's convenient location places it within easy reach of the vibrant shopping, dining, and entertainment options found in the Village of Ada. This makes it an ideal location for businesses seeking high visibility and convenient access to amenities. The property type is listed as Retail and Office, with the subtype specified as Executive Office and Commercial. The Kent County location, with APN 41-15-34-200-040, and zip code 49301, further enhances its appeal. This is a unique chance to secure a well-situated commercial space in a thriving Michigan community. The property is suitable for multiple tenants.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Total area
7,650 SF
Lot
3.56 ac (155,291 SF)
Zoning code
C2
APN
41-15-34-200-040
UPID
US43-0930519
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Training Center
-
Nail Salon
-
Shipping Company Freight Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$500k
Owner & transaction history
since 2021
1 recorded transaction
Zoning & alternative use
C2 · Ada, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$500k
Value range
$450k – $550k
±10% around blend
Estimated value / SF
$65 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$450k
blend $500k
$550k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,650 SF
Lot area
3.56 ac
Year built
1996
Stories
1
APN
41-15-34-200-040
Zoning
C2
Assessed value
$581,200
Annual tax
$27,260
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$874k
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.8 mi away · 9,600 SF
6.2 mi away · 7,068 SF
6.8 mi away · 5,920 SF
8.1 mi away · 9,760 SF
8.9 mi away · 5,999 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$500k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 593 sales
$82
-20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $65/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$581k
Move the market yield to see immediate price impact.
Value / SF
$76
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$37k
$732k
$523k
$407k
$41k
$814k
$581k
$452k
$45k
$895k
$639k
$497k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$232k
4.5 mi · Nov 2025 · $24/SF
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$27,260
Tax year 2021
Assessed value
$581,200
Assessed 2023
Previous assessed
$504,900
+15.1% YoY
Effective rate
4.69%
On assessed value
Total market value
$1,162,400
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1996
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
7,650 SF
Lot
3.56 ac (155,291 SF)
Zoning code
C2
APN
41-15-34-200-040
UPID
US43-0930519
Jurisdiction
KENT
Zoning & alternative use
C2 · Ada, MIZoning C2 · permitted uses
C2 · Ada, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Ada, MI
Recorded code
C2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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