New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Flex space
665 Construction Ct, Zeeland, MI 49464-8946
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-2079224
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Total area
18,920 SF
Lot
1.23 ac (53,753 SF)
Zoning code
C
APN
70-17-31-120-005
UPID
US43-2079224
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
-
One Market General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.51M
Owner & transaction history
Lake Michigan Credit Union · 2 yrs held
Lake Michigan Credit Union
since 2023
7 recorded transactions
Zoning & alternative use
C · Zeeland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+51.1%
Auto repair, garage
$2.1M
+26.1%
Warehouse, storage
$2.0M
+22.5%
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 Zeeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zeeland 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
INDUSTRIAL (GENERAL)
$1,660,000
Current use
COMMERCIAL (GENERAL)
$2,505,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,090,000
Change: +26% · Conversion: Easy
WAREHOUSE, STORAGE
$2,030,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$80 / 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
$13,614
Tax year 2022
Assessed value
$576,300
Assessed 2023
Previous assessed
$576,300
+0.0% YoY
Effective rate
2.36%
On assessed value
Total market value
$1,152,600
Applied tax rate
27.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
18,920 SF
Lot
1.23 ac (53,753 SF)
Zoning code
C
APN
70-17-31-120-005
UPID
US43-2079224
Jurisdiction
OTTAWA
Zoning & alternative use
C · Zeeland, MI
Zoning C · permitted uses
C · Zeeland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zeeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
4
Lot
1.23 ac
Current owner
From public records · entity-resolved
Lake Michigan Credit Union
Individual
Free & Clear · 2 yrs held
Mailing address
656 PO BOX 2848TH AVE, GRAND RAPIDS, MI 49501-2848
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
—
Lake Michigan Credit Union
Greentrust Capital Management LLC
Assignment Of Deed
—
Aug 17, 2023
—
Hiemstra Properties LLC
Green Trust Capital Managements LLC
Land Contract
—
Apr 19, 2021
—
Green Trust Capital Management LLC
665 Construction Court LLC
Warranty Deed
$940,000 · Lake Michigan Cu
Jul 11, 2018
—
665 Construction Court LLC
—
Deed
related
$400,000 · Independent Bank
Jun 16, 2008
$327,800
One Market Properties Zeeland LLC
Progressive Properties Of Zeeland L
Warranty Deed
$832,000 · Independent Bank
Jun 1, 2007
$272,268
Progressive Properties LLC
C & O Leasing INC
Warranty Deed
—
Jun 1, 2007
—
Progressive Properties Of Zeeland L
Progressive Properties LLC
Quit Claim Deed
related
$325,000 · Mercantile Bank Mortgage Company Ll
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 665 Construction Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
