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    Property profile & analytics

    5819 Balsam Dr, Unit 16 Hudsonville, MI 49426-1104

    • Office buildings
    • 1,560 SF
    • 3.75 lot acres
    OFF-MARKET
    Value Estimation
    $615,000
    Last Sale
    Oct 01, 2021
    $525,000
    Location Intelligence
    Property ID
    US43-2357415
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hulst Jepsen Physical Therapy Hudsonville / Private Hospital / Rehabilitation Center
    • Jennifer Edwards / Physical Therapist / Practitioner Service Location
    • Wade O'mara / Physical Therapist / Practitioner Service Location
    • Christine Burke / Physical Therapist / Practitioner Service Location
    • Leah Adams / Physical Therapist / Practitioner Service Location

    Property Details for 5819 Balsam Dr

    Lot size
    3.75 lot acres
    Property size
    1,560 SF
    Zone code
    CBD-2
    Property type
    Office buildings
    APN
    70-14-28-315-016
    APU
    701428315016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $675,000

    • CAP approach

      CAP return
      Estimation
      6%
      $590,000
      6.5%
      $535,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $630,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $610,000
      Mixed-Use
      $560,000
      Hospitality
      $540,000
      Educational
      $610,000
      Residential Income
      $460,000
      Energy
      $595,000
      Income-Based Land
      $565,000
      Food Service
      $570,000

    Location Insight

    • Map
    • Local Demand
    City
    Hudsonville
    County
    Ottawa
    State
    Michigan
    Longitude
    -85.8597
    Latitude
    42.8747
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,258
    $0.00
    $0.00
    $97,500
    -
    $0.00
    $0.00
    $195,000

    Comparable in this City

    • Value Estimation by Request
      62,589 SF

      3765 Quincy St

      OFFICE BUILDING • 62,589 SF
      3765 Quincy St, Hudsonville, MI 49426-8408
      View Details
    • Value Estimation by Request
      28,380 SF

      5850 Balsam Dr

      OFFICE BUILDING • 28,380 SF
      5850 Balsam Dr, Hudsonville, MI 49426-1105
      View Details
    • Value Estimation by Request
      3,610 SF

      3390 Chicago Dr

      OFFICE BUILDING • 3,610 SF
      3390 Chicago Dr, Hudsonville, MI 49426-1426
      View Details
    • Value Estimation by Request
      1,760 SF

      3472 Harvey St

      OFFICE BUILDING • 1,760 SF
      3472 Harvey St, Hudsonville, MI 49426-1416
      View Details
    • Value Estimation by Request
      37,756 SF

      3300 Van Buren St

      OFFICE BUILDING • 37,756 SF
      3300 Van Buren St, Hudsonville, MI 49426-1132
      View Details
    • Value Estimation by Request
      3,760 SF

      5445 32nd Ave

      OFFICE BUILDING • 3,760 SF
      5445 32nd Ave, Hudsonville, MI 49426-2401
      View Details

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      Acreage in Jamestown/Hudsonville

      3.28 acre parcel with utilities available in Hudsonville, Michigan.
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      3-acre wooded parcel in Hudsonville school district with shared driveway.
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    Similar Nearby for Lease

    • $18 SF/Yr
      1,456 SF

      Hudsonville Office Space for Lease

      Prime Corner Location, 1456 sq ft
      3208 24Th Ave, Hudsonville, MI 49426
      View Details
    • $6 SF/Yr
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      Hudsonville Warehouse Space For Rent

      Flexible storage space adjacent to loading docks in Hudsonville.
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    • $12 SF/Yr

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      Commercial/retail space with high visibility and retail frontage.
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    • $18 SF/Yr
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      Proposed Industrial Building For Lease

      Proposed industrial building with customizable space for lease.
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    Hudsonville, MI 49426-1104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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