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Property profile & analytics
OFF-MARKET
Estimated value
$5,145,000
Retail space
820 Monroe NW Ave Grand Rapids, MI 49503-1442
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1931559
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
116,764 SF
Lot
0.98 ac (42,689 SF)
Zoning code
TN-CC
APN
41-13-24-281-004
UPID
US43-1931559
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
-
The Grand Rapids Cleaning Co. Commercial Cleaning Service
-
Be Seismic Marketing & Advertising (Bike/Boat/Book/etc) Store
-
West Michigan Divorce Law Firm
-
Giordano Law, PLC Law Firm Child Welfare Organization
-
Keener Law Offices PLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.15M
Blend (final)
Blend
$5.15M
Owner & transaction history
820 Lofts LLC · 3 yrs held
820 Lofts LLC
since 2022
5 recorded transactions
Zoning & alternative use
TN-CC · 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
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
Blend value · Realmo final
$5.15M
Range $4.63M – $5.66M · ±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
$44 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$747,100
Assessed 2024
Total market value
$1,494,200
Applied tax rate
51.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Buildings
3
Stories
1
Total area
116,764 SF
Lot
0.98 ac (42,689 SF)
Zoning code
TN-CC
APN
41-13-24-281-004
UPID
US43-1931559
Jurisdiction
KENT
Zoning & alternative use
TN-CC · Grand Rapids, MI
Zoning TN-CC · permitted uses
TN-CC · 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
1900
Stories
1
Buildings
3
Lot
0.98 ac
Current owner
From public records · entity-resolved
820 Lofts LLC
Entity
Mailing address
6240 N LA CROSSE AVE, CHICAGO, IL 60646-4922
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 26, 2023
—
816 Monroe LLC
—
Deed
related
$3,500,000 · Lakeside Bank
Dec 27, 2022
$12,087,000
820 Lofts LLC
Bayside Monroe LLC
Quitclaim Deed
related
$14,250,000 · Lakeside Bank
Dec 27, 2022
$2,500,000
816 Monroe LLC
Bayside Monroe LLC
Quitclaim Deed
related
—
Dec 27, 2022
—
Bayside Monroe LLC
Lofts On 82 LLC
Quitclaim Deed
related
$14,250,000 · Lakeside Bank
Dec 27, 2022
$5,013,000
820 Lofts G LLC
Bayside Monroe LLC
Quitclaim 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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