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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
6564 Peach Rdg NW Ave, Grand Rapids, MI 49544-9734
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-0569472
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1997
Total area
277,050 SF
Lot
40 ac (1,742,400 SF)
Zoning code
A
APN
41-09-16-100-006
UPID
US43-0569472
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
-
Mast Young Plants Garden Center Landscaping
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
Jrpr LLC · 8 yrs held
Jrpr LLC
since 2018
7 recorded transactions
Zoning & alternative use
A · 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 2019Property tax & assessments
Tax year 2019
Tax billed
$38,443
Tax year 2019
Assessed value
$1,826,100
Assessed 2023
Previous assessed
$1,639,900
+11.4% YoY
Effective rate
2.11%
On assessed value
Total market value
$3,652,200
Applied tax rate
13.0000
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
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
2
Stories
1
Total area
277,050 SF
Lot
40 ac (1,742,400 SF)
Zoning code
A
APN
41-09-16-100-006
UPID
US43-0569472
Jurisdiction
KENT
Zoning & alternative use
A · Grand Rapids, MI
Zoning A · permitted uses
A · 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
Year built
1997
Heating
NONE
Stories
1
Buildings
2
Lot
40 ac
Current owner
From public records · entity-resolved
Jrpr LLC
Entity
Mailing address
1780 4TH MILE RD NW, GRAND RAPIDS, MI 49544-9702
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2018
$4,900,000
Jrpr LLC
Greenstone Farm Credit Svcs
Grant Deed
—
Nov 7, 2008
—
Jrpr LLC
Greenstone Farm Credit Svcs
Grant Deed
$4,400,000 · Greenstone Farm Credit Svcs
Nov 20, 2007
—
Farm Credit Svcs In Greenstone
Glass Corner Greenhouses INC
Quit Claim Deed
related
—
Jan 18, 2006
—
Glass Corner Greenhouses INC
—
Deed Of Trust
related
$5,351,000 · Greenstone Farm Credit Svcs
—
—
Glass Corner Greenhouses INC
—
Deed Of Trust
related
$4,000,000 · Greenstone Farm Credit Svcs
—
—
Glass Corner Greenhouses INC
—
Deed Of Trust
related
$3,000,000 · Fifth Third Bank
—
—
Glass Corner Greenhouses INC
—
Deed Of Trust
related
$813,000 · Mercantile Bank
—
—
Glass Corner Greenhouses
—
Deed Of Trust
related
$2,500,000 · Mercantile Bank West Michigan
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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