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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Industrial properties
8800 Byron Commerce SW Dr Byron Center, MI 49315-8491
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US43-0557403
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2002
Total area
44,572 SF
Lot
6.01 ac (261,970 SF)
Zoning code
D1PUD
APN
41-21-24-129-012
UPID
US43-0557403
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
-
M&K NationaLease Car Rental Facility
-
M&K Truck Centers Car Dealership
-
Hino of Grand Rapids Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.89M
Owner & transaction history
Preferred Holdings LLC · 24 yrs held
Preferred Holdings LLC
since 2001
6 recorded transactions
Zoning & alternative use
D1PUD · Byron Center, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+81.0%
Retail stores
$3.6M
+79.1%
Office building
$3.4M
+68.9%
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 Byron Center submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Byron Center 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)
$2,025,000
Current use
COMMERCIAL (GENERAL)
$3,660,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$3,620,000
Change: +79% · Conversion: Moderate
OFFICE BUILDING
$3,415,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,760,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±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
$65 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$63,726
Tax year 2019
Assessed value
$1,849,700
Assessed 2023
Previous assessed
$1,669,700
+10.8% YoY
Effective rate
3.45%
On assessed value
Total market value
$3,699,400
Applied tax rate
15.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2002
Heating
NONE
Stories
2
Total area
44,572 SF
Lot
6.01 ac (261,970 SF)
Zoning code
D1PUD
APN
41-21-24-129-012
UPID
US43-0557403
Jurisdiction
KENT
Zoning & alternative use
D1PUD · Byron Center, MI
Zoning D1PUD · permitted uses
D1PUD · Byron Center, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Byron Center. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
Year built
2002
Heating
NONE
Stories
2
Lot
6.01 ac
Current owner
From public records · entity-resolved
Preferred Holdings LLC
Entity
Mailing address
PO BOX 268, BYRON CENTER, MI 49315-0268
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2020
—
Preferred Holdings LLC
—
Deed
related
$1,000,000 · Tcf National Bank
Aug 29, 2001
$600,000
Preferred Holdings LLC
A & R Development INC
Grant Deed
related
$480,000 · Byron Center State Bank
—
—
Preferred Holdings LLC
—
Loan Modification
related
$2,121,400 · Chemical Bank
—
—
Preferred Holdings LLC
—
Deed Of Trust
related
$1,386,085 · Byron Bank
—
—
Preferred Holdings LLC
—
Deed Of Trust
related
$2,400,000 · Standard Federal Bank
—
—
Preferred Holdings LLC
—
Deed Of Trust
related
$1,212,000 · Economic Development Foun
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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