Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    765 Marway NW Comstock Park, MI 49321-9719
    Back to Search
    Property profile & analytics

    765 Marway NW, Comstock Park, MI 49321-9719

    View on Map
    • Medical Office Space
    • 2,515 SF
    • 0.51 lot acres
    Off-Market
    Property ID
    US43-1567263
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 765 Marway NW

    Year built
    2000
    Lot size
    0.51 lot acres
    Zone code
    OS
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    41-09-13-195-039
    APU
    410913195039

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 13, 2016 — Cannon Group Associates LLC — Deed · related $360k · Lake Mi Cu
    — — Cannon Group Associates LLC — Deed Of Trust · related $360k · Lake Mi Cu
    — — Cannon Group Associates LLC — Deed Of Trust · related $821k · Founders Bank
    — — Cannon Group Associates LLC — Deed Of Trust · related $310k · Fifth Third Bank Western Mi

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Comstock Park
    County
    Kent
    State
    Michigan
    Longitude
    -85.6888
    Latitude
    43.0808
    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
    2019
    $10,223
    $0.00
    $0.00
    $307,900
    -
    $0.00
    $0.00
    $615,800

    Comparable in this City

    • Value Estimation by Request
      4,367 SF

      769 York Crk NW Dr

      DENTAL BUILDING
      769 York Crk NW Dr, Comstock Park, MI 49321-8712
      View Details
    • Value Estimation
      $535,000
      6,975 SF

      4200 Alpine NW Ave

      OFFICE BUILDING
      4200 Alpine NW Ave, Comstock Park, MI 49321-8500
      View Details
    • Value Estimation by Request
      1,602 SF

      645 Lamoreaux NW Dr

      OFFICE BUILDING
      645 Lamoreaux NW Dr, Comstock Park, MI 49321-9123
      View Details
    • Value Estimation by Request
      1,736 SF

      688 Netherfield NW St

      OFFICE BUILDING
      688 Netherfield NW St, Comstock Park, MI 49321-9333
      View Details
    • Value Estimation by Request
      1,281 SF

      520 7th Mile NW Rd

      OFFICE BUILDING
      520 7th Mile NW Rd, Comstock Park, MI 49321
      View Details
    • Value Estimation by Request
      2,400 SF

      6440 Alpine NW Ave

      OFFICE BUILDING
      6440 Alpine NW Ave, Comstock Park, MI 49321-8003
      View Details

    Similar Nearby for Sale

    • $1,250,000
      9,884 SF

      Comstock Park Office Building For Sale

      Well-maintained office building with high visibility and ample parking.
      4211 Division Ave N, Comstock Park, MI 49321
      View Details
    • $1,250,000

      Well-Maintained Office Building For Sale

      Three-suite office building with high visibility and ample parking.
      4211 Division Ave N, Comstock Park, MI 49321
      View Details
    • Contact for pricing
      4,931 SF

      Comstock Park Mixed-Use Investment Opportunity

      Highly visible commercial building with apartments in Comstock Park.
      3955 W River Dr NE, Comstock Park, MI 49321
      View Details
    • Contact for pricing

      Prime Commercial Auto Shop

      Commercial auto shop on busy Alpine Avenue near I-96.
      4411 Alpine Ave NW, Comstock Park, MI 49321
      View Details
    • Contact for pricing
      613 SF

      Westgate Coach Homes Condo

      Well-maintained 1-bedroom condo with amenities in prime location.
      4577 Tabor Rd NW, Comstock Park, MI 49321
      View Details
    • Contact for pricing

      Alpine Avenue Development Opportunity

      Land development opportunity along a heavily traveled retail corridor.
      850 Nw -, Comstock Park, MI 49321
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Warehouse

      Single tenant industrial warehouse property available for rent.
      5180 W River Dr NE, Comstock Park, MI 49321
      View Details
    • Contact for pricing

      Retail Space on Alpine Avenue

      1,150 SF retail suite with high traffic and visibility.
      4669 Alpine Ave NW, Comstock Park, MI 49321
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    765 Marway NW
    Comstock Park, MI 49321-9719
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    765 Marway NW, Comstock Park, MI, 49321
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!