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Financial
Distress signals
Property profile

5797 Balsam Dr Hudsonville, MI 49426

FOR LEASE
Retail space
Property ID
US43-2467011
1,520 SF 3.75 ac lot Built 2005
Last sale Jul 2006 · $215,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$4k
Tax billed · 2022
Assessed value · 2023$70k
Effective rate5.37%

Value estimate

· Oct 2026
$310k
$279k – $341k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$914
Operating expenses−$6k
NOI · 1,163.82% cap applied$15k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$148/SF
County average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$80 – $293

Cap rate analysis

How does the asset earn?
1,163.82%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD-2
JurisdictionOTTAWA

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant16.3
Law Firm16.0
Auto Parts Store15.0

Location

5797 Balsam Dr Hudsonville, MI 49426
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3475 Kelly, Hudsonville, MI 49426-1435 $170,000 Feb 2023 4,752 SF
3424 Chicago, Hudsonville, MI 49426-1408 $5,200,000 May 2022 24,678 SF
3499 Kelly, Hudsonville, MI 49426-1435 $775,000 Apr 2022 10,826 SF
3150 Chicago, Hudsonville, MI 49426-1515 $240,000 Jul 2021 1,421 SF
3700 Chicago, Hudsonville, MI 49426-1637 $275,000 Apr 2019 10,377 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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