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Property profile & analytics
OFF-MARKET
Estimated value
$75,000
Medical Office Space
101 Sherman St Brooklyn, MI 49230-8538
Individually Owned
4-yr Hold
Free & Clear
Property ID
US43-0853283
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
2,400 SF
Lot
0.18 ac (7,797 SF)
Zoning code
C-1
APN
000-20-19-352-015-01
UPID
US43-0853283
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
-
Brooklyn Chiropractic Clinic Alternative Medicine Practice
-
Brooklyn Beauty Bar Hair Salon Nail Salon
-
Love The Afterglow, LLC Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$75k
Owner & transaction history
Thomas R Corbin JR · 4 yrs held
Thomas R Corbin JR
since 2022
Last sale
$65,000
4 recorded transactions
Zoning & alternative use
C-1 · Brooklyn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This C-1 district is intended to encompass the retail, service and administrative establishments, which form the central business district, and which provide retail convenience and comparison goods and personal and professional services for the entire trade area. Heavy volumes of traffic in this C-1 district necessitates an efficient system of arterial stree…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
12.40 ac
Source
Realmo
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 Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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
$75,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$75k
Range $68k – $83k · ±10% · vs last sale $65k (Jun 22 2022)
Last sale anchor
$65k
Jun 22 2022
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
$31 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,452
Tax year 2022
Assessed value
$50,600
Assessed 2023
Previous assessed
$51,400
-1.6% YoY
Effective rate
4.85%
On assessed value
Total market value
$101,200
Applied tax rate
41.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,400 SF
Lot
0.18 ac (7,797 SF)
Zoning code
C-1
APN
000-20-19-352-015-01
UPID
US43-0853283
Jurisdiction
JACKSON
Zoning & alternative use
C-1 · Brooklyn, MIZoning C-1 · permitted uses
C-1 · Brooklyn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This C-1 district is intended to encompass the retail, service and administrative establishments, which form the central business district, and which provide retail convenience and comparison goods and personal and professional services for the entire trade area. Heavy volumes of traffic in this C-1 district necessitates an efficient system of arterial streets and highways and adequate parking facilities.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
12.40 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Thomas R Corbin JR
Individual
Free & Clear · 4 yrs held
Mailing address
119 BINGHAM DR, BROOKLYN, MI 49230-8926
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
$65,000
Thomas R Corbin JR
Joshua Mitoska
Warranty Deed
—
Jun 22, 2022
—
Rock Solid Sherman St LLC
Thomas R Corbin JR
Quit Claim Deed
related
$150,500 · County National Bank
Apr 12, 2018
$32,500
Joshua Mitoska
Osb Cmnty Bk
Quit Claim Deed
related
—
Jan 13, 2017
—
Osb Cmnty Bk
Kay Max C Trust
Quit Claim Deed
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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