Property profile

5623 Balsam Dr Hudsonville, MI 49426

OFF-MARKET
Strip malls
Property ID
US43-4204752
5,657 SF 0.64 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 5,657 SF
Lot 0.64 ac (27,661 SF)
Zoning code CBD-2
APN 70-14-29-484-014
UPID US43-4204752

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
  • Music Venue Theater & Performing Art Venue
  • Shipping Company Freight Service
  • Real Estate Agency
  • Courier Service Postal Service

Location

5623 Balsam Dr Hudsonville, MI 49426-1128
Hudsonville metro Census 21802 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
by Request
Blend (final) Blend
$485k

Owner & transaction history

since 2021
Last sale
$375,000
3 recorded transactions
2021
$375,000
2012
$5,000
2006
$5,000

Zoning & alternative use

CBD-2 · Hudsonville, MI

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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