Financial
Distress signals
Property profile

102 S Webster St Augusta, MI 49012

FOR SALE
Other commercial real estate
Property ID
US43-0286132
6,720 SF 0.17 ac lot
Last sale Nov 2023
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 6,720 sq ft commercial property located just outside of Galesburg and near Kalamazoo, configured with a main level that includes spacious office areas, a full kitchen, and separate men’s and women’s restrooms. An upper level provides space that could support future residential apartment conversion or additional office use. The building’s form and features may align with eligibility requirements for rural development grant programs. The property is offered in its existing condition.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$5k
Tax billed · 2019
Assessed value · 2023$103k
Effective rate4.78%

Value estimate

· Sep 2026
$240k
$216k – $264k
NOI build-up
Gross scheduled income$121k
Vacancy & credit loss−$10k
Operating expenses−$42k
NOI · 36.61% cap applied$70k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$79/SF
County average, outlier-cleaned · 325 recorded sales of this use type
Observed band · Q1–Q3$38 – $123
Qualifying comparables5

Cap rate analysis

How does the asset earn?
36.61%
$70k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
VILLAGE
JurisdictionKALAMAZOO

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.6
Wholesale Shop9.4
Building Supply9.4

Location

102 S Webster St Augusta, MI 49012
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
506 Michigan, Augusta, MI 49012-9308 $325,000 Apr 2025 2,500 SF
111 Fayette, Augusta, MI 49012-9757 $285,000 Mar 2025 No data
100 Webster, Augusta, MI 49012-9776 $110,000 Aug 2022 2,800 SF
301 Michigan, Augusta, MI 49012-9306 $118,000 Mar 2022 No data
102 Augusta, Augusta, MI 49012-9654 $150,000 Mar 2022 No data
203 Cass, Augusta, MI 49012-8603 $120,000 Oct 2021 3,394 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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