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Property profile & analytics
OFF-MARKET
Commercial real estate
6122 Division S Ave, Grand Rapids, MI 49548-6772
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1403744
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
18.71 ac (815,008 SF)
Zoning code
R4-MOBILE HOME
APN
41-22-06-100-053
UPID
US43-1403744
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
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
Cc Kentwod Property LLC · 5 yrs held
Cc Kentwod Property LLC
since 2021
5 recorded transactions
Zoning & alternative use
R4-MOBILE HOME · 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
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 2021Property tax & assessments
Tax year 2021
Assessed value
$2,349,100
Assessed 2023
Previous assessed
$2,219,100
+5.9% YoY
Total market value
$4,698,200
Applied tax rate
20.0000
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
Off-Market
Heating
NONE
Lot
18.71 ac (815,008 SF)
Zoning code
R4-MOBILE HOME
APN
41-22-06-100-053
UPID
US43-1403744
Jurisdiction
KENT
Zoning & alternative use
R4-MOBILE HOME · Grand Rapids, MI
Zoning R4-MOBILE HOME · permitted uses
R4-MOBILE HOME · 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
Heating
NONE
Lot
18.71 ac
Current owner
From public records · entity-resolved
Cc Kentwod Property LLC
Entity
Mailing address
1612 APPLE LN STE #300, BLOOMFIELD TOWNSHIP, MI 48302-1303
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2021
—
Cc Kentwod Property LLC
Kentwood Gr Mhp LLC
Deed
$6,247,000 · Key Bank NA
Dec 2, 2019
—
Kentwood Gr Mhp LLC
—
Grant Deed
related
$5,824,000 · Bellwether Ent Mtg Invs LLC
Dec 28, 2015
$2,500,100
Kentwood Gr Mhp LLC
Kentwood Mhp LLC
Warranty Deed
—
Aug 19, 2014
$1,400,000
Kentwood Mhp LLC
B Hive Group Limited Partnership
Warranty Deed
—
Jan 31, 2013
—
Holmes William P Trust
Hp Holmes Trust
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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