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Property profile & analytics
OFF-MARKET
Estimated value
$2,805,000
Outlet malls
6101 Lake Michigan Dr A Allendale, MI 49401-9215
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-2040585
Property summary
AI-generated overview
This exceptional retail opportunity is located within the thriving Heritage Towne Center, situated at the highly visible corner of 60th Street and Lake Michigan Drive in Ottawa County. The center boasts a strong tenant mix, including established businesses like Snap Fitness, Family Farm and Home, and Dollar General, ensuring high foot traffic and brand recognition. This 7,674 square foot building offers multiple suites for lease, with a minimum divisible space of 810 square feet and a maximum contiguous space of 2,069 square feet. Currently, 5,614 square feet are available for lease, spread across four vacant suites. The property is zoned PUD (Planned Unit Development), offering flexibility for a variety of retail uses. Its strategic location just west of Grand Valley State University's campus provides access to a large student population and surrounding residential communities. The area is experiencing significant growth, with recent additions such as Arby's, O'Reilly Auto Parts, and Culver's further enhancing the commercial appeal. The property's APN is 70-09-24-400-017. This is an ideal location for businesses seeking high visibility and a strong customer base in a rapidly developing area. Don't miss this chance to establish your business in this vibrant retail center.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Total area
29,068 SF
Lot
4.86 ac (211,614 SF)
APN
70-09-23-300-115
UPID
US43-2040585
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
-
Snap Fitness Allendale Gym & Fitness Center
-
Bamboo Express Restaurant
-
AACC-Allendale Area Chamber Business Service Center Advocacy Group
-
Dr. Nick Lillie Physician
-
Forever Sun West and Spa Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.81M
Owner & transaction history
ROON PROPERTIES LLC
ROON PROPERTIES LLC
Zoning & alternative use
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 Allendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allendale 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
Alternative Use
Use
Estimation
RETAIL STORES
$4,305,000
Current use
OFFICE BUILDING
$3,970,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,850,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±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
$96 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$34,558
Tax year 2022
Assessed value
$906,900
Assessed 2023
Previous assessed
$706,100
+28.4% YoY
Effective rate
3.81%
On assessed value
Total market value
$1,813,800
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
29,068 SF
Lot
4.86 ac (211,614 SF)
APN
70-09-23-300-115
UPID
US43-2040585
Jurisdiction
OTTAWA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
4.86 ac
Current owner
From public records · entity-resolved
ROON PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11355 RIPPLE DR, ALLENDALE, MI 49401-8769
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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