Property profile

5220 Edgewater Dr Allendale, MI 49401

OFF-MARKET
Flex space
Property ID
US43-2123594
12,772 SF 1.83 ac lot
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Total area 12,772 SF
Lot 1.83 ac (79,715 SF)
APN 70-09-24-399-007
UPID US43-2123594

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
  • Plumbing Service General Contractor
  • Home Inspector

Location

5220 Edgewater Dr Allendale, MI 49401-8401
Allendale metro Census 24401 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$991k
Blend (final) Blend
$370k

Owner & transaction history

since 2014
3 recorded transactions
2019
Price N/A
2017
Price N/A
2014
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.4M +26.1%
Warehouse, storage $1.4M +22.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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