Property profile

8566 Lk Michigan Dr Allendale, MI 49401

OFF-MARKET
Auto shops
Property ID
US43-2072313
5,024 SF 3.68 ac lot Built 2000
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2000
Total area 5,024 SF
Lot 3.68 ac (160,170 SF)
APN 70-09-29-100-050
UPID US43-2072313

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8566 Lk Michigan Dr Allendale, MI 49401-7533
Allendale metro Census 24402 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$715k
Blend (final) Blend
$495k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $745,000 +34.0%
Office building $685,000 +23.6%
Commercial (general) $665,000 +19.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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