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Property profile & analytics
OFF-MARKET
Bowling alleys
5775 Balsam Dr Hudsonville, MI 49426-1102
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-2242809
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1968
Total area
22,080 SF
Lot
1.93 ac (84,114 SF)
Zoning code
CBD-2
APN
70-14-28-365-001
UPID
US43-2242809
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
-
Johnny B's Barbeque Restaurant
-
Hudsonville Lanes Bowling Alley
-
Invader Downrigger (Bike/Boat/Book/etc) Store
-
Midwest 4x4s Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Soren Properties LLC · 3 yrs held
Soren Properties LLC
since 2022
2 recorded transactions
Zoning & alternative use
CBD-2 · Hudsonville, 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 Hudsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hudsonville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,545
Tax year 2022
Assessed value
$396,200
Assessed 2023
Previous assessed
$371,000
+6.8% YoY
Effective rate
4.18%
On assessed value
Total market value
$792,400
Applied tax rate
72.0000
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Total area
22,080 SF
Lot
1.93 ac (84,114 SF)
Zoning code
CBD-2
APN
70-14-28-365-001
UPID
US43-2242809
Jurisdiction
OTTAWA
Zoning & alternative use
CBD-2 · Hudsonville, MI
Zoning CBD-2 · permitted uses
CBD-2 · Hudsonville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hudsonville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
1.93 ac
Current owner
From public records · entity-resolved
Soren Properties LLC
Entity
Mailing address
5775 BALSAM DR, HUDSONVILLE, MI 49426-1102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
—
Soren Properties LLC
—
Deed
related
$374,000 · Great Lakes Commercial Finance
Sep 1, 2022
—
Soren Properties LLC
Hudsonville Lanes Properties LLC
Warranty Deed
$600,000 · Grand River Bank
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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