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    Property profile & analytics
    OFF-MARKET Estimated value $805,000
    Office buildings

    5625 Pr Crk SE Dr, Caledonia, MI 49316-7400

    10,502 SF 2.81 ac lot Built 1999
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-1152606
    Property summary
    AI-generated overview

    This exceptional Class B office building, situated at 5625 Prairie Creek Drive SE in Caledonia, Michigan, 49316, offers a prime leasing opportunity. The property boasts 2,600 square feet of versatile space currently available within a thriving business park, home to the prominent Farmers Insurance Grand Rapids campus. The building's layout includes a thoughtful blend of private offices, conducive to individual focus and team collaboration, complemented by open work areas fostering a dynamic and collaborative environment. Further enhancing functionality are dedicated conference rooms, ideal for meetings and presentations, and a convenient kitchenette for employee use. Ample on-site parking ensures convenient access for staff and clients alike. The strategic location provides easy access to major highways, simplifying commutes and facilitating efficient logistics. Moreover, the property benefits from its proximity to a variety of retail establishments, offering employees and visitors a range of amenities within easy reach. While currently offering 2,600 square feet, there is potential for expansion

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1999
    Total area 10,502 SF
    Lot 2.81 ac (122,404 SF)
    Zoning code PUD
    APN 41-23-05-125-009
    UPID US43-1152606
    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
    • Farmers Insurance - Thomas Gregwer Insurance Agency
    • Davenport University Academic Department Auto Insurance Agency
    • Kentland Corporation Construction Company General Contractor
    • Tag Accounting & Tax Services Accounting Firm Tax Preparation
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $805k
    Blend (final) Blend
    $805k
    Owner & transaction history
    Davenport University · 4 yrs held
    Davenport University
    since 2021
    3 recorded transactions
    2021
    2006
    1969
    Zoning & alternative use
    PUD · Caledonia, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $865,000 +7.2%
    Retail stores $855,000 +6.0%
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