Property profile

5225 Edgewater Dr Allendale, MI 49401

OFF-MARKET
Flex space
Property ID
US43-0566156
15,696 SF 2.37 ac lot
Trust Owned 11-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Total area 15,696 SF
Lot 2.37 ac (103,237 SF)
APN 70-09-24-399-006
UPID US43-0566156

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
  • Engineering Consultant

Location

5225 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
$1.56M
Blend (final) Blend
$390k

Owner & transaction history

since 2015
3 recorded transactions
2015
Price N/A
2010
$171,000
2010
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $2.3M +68.9%
Office building $2.1M +55.8%
Commercial (general) $2.1M +51.1%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5225 Edgewater Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message