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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Commercial real estate
495 Pettis SE Ave, Ada, MI 49301-9540
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0930519
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
David Matthew Studios Training Center
-
Simply Organic Nails & Spa Nail Salon
-
Great Lake Transporters Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$995k
Owner & transaction history
495 Pettis LLC · 4 yrs held
495 Pettis LLC
since 2021
1 recorded transaction
Zoning & alternative use
C2 · Ada, 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 Ada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ada 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$630,000
Current use
RETAIL STORES
$620,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$130 / 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 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
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
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, MI
Zoning C2 · permitted uses
C2 · Ada, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ada. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$630,000
RETAIL STORES
Est. value
$620,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.56 ac
Current owner
From public records · entity-resolved
495 Pettis LLC
Entity
Mailing address
460 ADA DR SE STE #221, ADA, MI 49301-8437
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
—
495 Pettis LLC
Investors 10 LLC
Warranty Deed
$1,275,000 · Mercantile Bank Of Michigan
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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