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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Drive through restaurants
900 Fulton W St, Grand Rapids, MI 49504-6215
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-4424694
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1989
Total area
2,619 SF
Lot
0.4 ac (17,424 SF)
Zoning code
TN-MDR
APN
41-13-26-427-023
UPID
US43-4424694
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
-
Pure Roofing Grand Rapids Roofing Company General Contractor
-
Urban Roofing Grand Rapids Roofing Company General Contractor
-
Hair Carrigan Hair Hair Salon
-
Vibe Energy Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Tim Donut Us Limited INC · 1 yrs held
Tim Donut Us Limited INC
since 2024
Last sale
$515,000
6 recorded transactions
Zoning & alternative use
TN-MDR · 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
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $515k (Sep 12 2024)
Last sale anchor
$515k
Sep 12 2024
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
$197 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$12,905
Tax year 2021
Assessed value
$452,000
Assessed 2024
Previous assessed
$452,000
+0.0% YoY
Effective rate
2.86%
On assessed value
Total market value
$904,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,619 SF
Lot
0.4 ac (17,424 SF)
Zoning code
TN-MDR
APN
41-13-26-427-023
UPID
US43-4424694
Jurisdiction
KENT
Zoning & alternative use
TN-MDR · Grand Rapids, MI
Zoning TN-MDR · permitted uses
TN-MDR · 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
1989
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Tim Donut Us Limited INC
Entity
Free & Clear · 1 yrs held
Mailing address
152 E 6TH ST STE #520, HOLLAND, MI 49423-2912
Ownership since
2024
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
Sep 12, 2024
—
Tim Donut Us Limited INC
Scfrc Hw G LLC
Lease
—
Sep 12, 2024
$515,000
900 Fulton LLC
Scf Rc Funding I LLC
Warranty Deed
—
Jan 5, 2017
—
Scf Rc Funding I LLC
Scf Rc Master Funding I LLC
Quit Claim Deed
—
Jul 1, 2016
$450,000
Scfrc-hw-g LLC
Ra1 Restaurants INC
Grant Deed
—
Apr 14, 2005
—
Rai Restaurants INC
Cnl Income Fund Viii Ltd
Grant Deed
—
—
—
Scf Funding I LLC
—
Deed Of Trust
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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