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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Commercial real estate
5225 Eastern SE Ave, Kentwood, MI 49508-6009
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-2001991
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Total area
10,862 SF
Lot
2.07 ac (90,256 SF)
Zoning code
C2
APN
41-18-31-229-001
UPID
US43-2001991
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.21M
Owner & transaction history
Oetapharma Plasma INC · 1 yrs held
Oetapharma Plasma INC
since 2025
6 recorded transactions
Zoning & alternative use
C2 · Kentwood, 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 Kentwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kentwood 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)
$965,000
Current use
RETAIL STORES
$885,000
Change: -9% · Conversion: Easy
OFFICE BUILDING
$835,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$111 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$23,396
Tax year 2019
Assessed value
$804,100
Assessed 2024
Previous assessed
$770,200
+4.4% YoY
Effective rate
2.91%
On assessed value
Total market value
$1,608,200
Applied tax rate
65.0000
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
2001
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
10,862 SF
Lot
2.07 ac (90,256 SF)
Zoning code
C2
APN
41-18-31-229-001
UPID
US43-2001991
Jurisdiction
KENT
Zoning & alternative use
C2 · Kentwood, MI
Zoning C2 · permitted uses
C2 · Kentwood, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kentwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$965,000
RETAIL STORES
Est. value
$885,000
OFFICE BUILDING
Est. value
$835,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
2001
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Oetapharma Plasma INC
Entity
Mailing address
1100 CAMELLIA BLVD STE #201, LAFAYETTE, LA 70508-6676
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
—
Oetapharma Plasma INC
Savoy Investment Properties LLC
Deed
—
Apr 25, 2024
$1,925,000
Savoy Investment Properties LLC
Scp 2001a Csf 36 LLC
Deed
$50,000,000 · B1bank
Jun 5, 2001
—
Kentwood Cvs INC
Wds Ventures LLC
Grant Deed
related
—
Jul 1, 1999
$2,255,000
Wds Ventures LLC
Shell Marketing Resources LLC
Grant Deed
—
Jul 1, 1999
$2,255,090
Shell Marketing Holding LLC
Shell Oil Co
Trustees Deed
related
—
—
—
Scp 2001a-csf-36 LLC
—
Deed Of Trust
related
$10,500,000 · Wrap Financing/de LLC
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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