LEE COUNTY PROPERTY APPRAISER GENERATED ON 11/17/2024 6:30 PM Current Working Values
SITE ADDRESS
5610 ZIP DR
OWNER'S NAME
TFP SOUTH PROPERTIES LLC
OWNER'S ADDRESS
5385 PATTERSON AVE SE STE C
GRAND RAPIDS MI 49512
PROPERTY DESCRIPTION
BILLY CREEK COMMERCE CENTER
UNIT 5 PB 64 PGS 23 + 24
LOT 146 + N 1/2 OF LOT 147
DOR CODE 48 - WAREHOUSING, DISTRIBUTION TERMINALS
NBHD CODE
55-214.0
BILLY CREEK & B F INDUSTRIAL
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 4.0
EXTERIOR WALL 25 MODULAR METAL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 7 NONE
INTERIOR WALL 0 NONE
INTERIOR FLOOR 3 CONCRETE FINISHED
INTERIOR FLOOR 0 NONE
HEATING FUEL 0 NONE
HEATING TYPE 0 NONE
AC TYPE 0 NONE
QUALITY 3.0000 AVERAGE
UNITS IN BUILDING UNITS 2.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
AVERAGE OFFICE 2004 800 185 1,480   72,802
AVERAGE OFFICE 2004 357 185 660   32,466
BASE 2004 15,399 100 15,399   757,489
FINISHED LOADING PLATFORM 2004 84 60 50   2,460
FINISHED UPPER STORY 2004 443 100 443   21,792
UNFINISHED LOADING PLATFORM 2004 756 30 227   11,166
   
   
   
   
   
   
   
   
   
   
TOTALS 17,839 18,259 898,175
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 17085.00 2.40 1.00 B 2004 2.00 0.62 - 25,422
2 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 7.00 1,500.00 1.00 B 2004 2.00 0.62 - 6,510
3 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 15412.00 4.00 1.00 L 2004 2.00 0.62 - 38,222
4 SLAB SLAB - CONCRETE 13.00 15.00 195.00 6.93 1.00 L 2004 2.00 0.62 - 838
5 CH LK 6 FENCE - CHAIN LINK - 6 FOOT 0.00 0.00 42.00 23.75 1.00 L 2005 5.00 0.60 - 599
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 71,591
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 4800 WAREHOUSE IPD 165 0 1.00 1.00 0 4.43 64,575.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 286,067
FOLIO ID: 10451781 STRAP: 10-44-25-10-00000.1460
CARD 1 of 2
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.22 65.03 79.34 18,259 1,448,669 62% 898,175
IMP TYPE 80 - Manufacturing - Light MODEL 6 - WAREHOUSE/INDUSTRIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2021000161809 5/12/2021 01 01 I 2,000,000
4188/4135 1/30/2004 06 08 V 116,300
3508/699 10/16/2001 06 06 V 116,300
3098/2361 3/3/1999 01 04 V 1,000,000
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 1,560,080 1,560,080
BUILDING EXTRA FEATURES 39,342 39,342
LAND EXTRA FEATURES 39,659 39,659
LAND VALUE 286,067 286,067
COST APPROACH VALUE 1,925,148 1,925,148
INCOME APPROACH VALUE 3,278,270 3,278,270
SALES APPROACH VALUE 3,278,270 3,278,270
MARKET VALUE 3,278,270 3,278,270
ADDITIONAL FLOORS CARD 1 of 2 FOLIO:10451781 PARCEL NO: 10-44-25-10-00000.1460
FLOOR 1
Floor plan
FLOOR 2
Floor plan
   
LEE COUNTY PROPERTY APPRAISER GENERATED ON 11/17/2024 6:30 PM Current Working Values
SITE ADDRESS
5610 ZIP DR
OWNER'S NAME
TFP SOUTH PROPERTIES LLC
OWNER'S ADDRESS
5385 PATTERSON AVE SE STE C
GRAND RAPIDS MI 49512
PROPERTY DESCRIPTION
BILLY CREEK COMMERCE CENTER
UNIT 5 PB 64 PGS 23 + 24
LOT 146 + N 1/2 OF LOT 147
DOR CODE 48 - WAREHOUSING, DISTRIBUTION TERMINALS
NBHD CODE
55-214.0
BILLY CREEK & B F INDUSTRIAL
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 11 CERAMIC CLAY TILE
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 3.0000 AVERAGE
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2004 4,980 100 4,980   655,325
CANOPY 2004 168 30 50   6,580
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 5,148 5,030 661,905
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 4980.00 2.40 1.00 B 2004 2.00 0.62 - 7,410
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 7,410
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 4800 WAREHOUSE IPD 165 0 1.00 1.00 0 4.43 64,575.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 286,067
FOLIO ID: 10451781 STRAP: 10-44-25-10-00000.1460
CARD 2 of 2
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.27 145.94 185.34 5,030 932,260 71% 661,905
IMP TYPE 49 - Offices - Low Rise MODEL 5 - OFFICE/MEDICAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2024