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Property profile & analytics
FOR LEASE
Commercial real estate
5738 Eagle Dr Southeast, Grand Rapids, MI 49512
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1492806
For Lease
1 / 2
$5 SF/Yr
5738 Eagle Dr Southeast, Grand Rapids, MI 49512
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Total area
100,344 SF
Lot
8.9 ac (387,684 SF)
Zoning code
I
APN
41-19-17-365-021
UPID
US43-1492806
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
-
Grand Rapids Truck Loading Inc Trucking Company
-
Walbro - GR - Warehouse Warehouse & Storage
-
IDI Distributors Hardware & Home Improvement Building Supply
-
Sherpack E-Commerce Service Logistics Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$5.50M
Owner & transaction history
New W Michigan Indl Invtrs Ll · 6 yrs held
New W Michigan Indl Invtrs Ll
since 2019
4 recorded transactions
Zoning & alternative use
I · Grand Rapids, 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 Grand Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Rapids 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
Blend value · Realmo final
$5.50M
Range $4.95M – $6.04M · ±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
$55 / 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
$49,878
Tax year 2019
Assessed value
$2,485,100
Assessed 2023
Previous assessed
$2,023,200
+22.8% YoY
Effective rate
2.01%
On assessed value
Total market value
$4,970,200
Applied tax rate
18.0000
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
For Lease
Year built
1994
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
100,344 SF
Lot
8.9 ac (387,684 SF)
Zoning code
I
APN
41-19-17-365-021
UPID
US43-1492806
Jurisdiction
KENT
Zoning & alternative use
I · Grand Rapids, MI
Zoning I · permitted uses
I · Grand Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Rapids. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
8.9 ac
Current owner
From public records · entity-resolved
New W Michigan Indl Invtrs Ll
Individual
Mailing address
39400 WOODWARD AVE STE #250, BLOOMFIELD HILLS, MI 48304-5155
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2019
—
New W Michigan Indl Invtrs Ll
—
Loan Modification
related
$107,886,248 · Pnc Bk
Jan 2, 2019
—
New W Michigan Indl Invtrs Ll
—
Loan Modification
related
$95,000,000 · Pnc Bk
May 12, 2017
—
New W Michigan Indl Invtrs Ll
—
Loan Modification
related
$80,000,000 · Pnc Bk
—
—
New West Mi Industrial Investo
—
Loan Modification
related
$75,000,000 · Pnc Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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