New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Industrial properties
101 Spires Pkwy, Tekonsha, MI 49092-9334
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-2029943
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
73,702 SF
Lot
13.78 ac (600,126 SF)
Zoning code
LIGHT IND
APN
44-122-048-01
UPID
US43-2029943
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
-
Jorgensen Steel Machining & Fabricating, Inc. Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.71M
Owner & transaction history
Jorgensen Holdings LLC · 7 yrs held
Jorgensen Holdings LLC
since 2019
3 recorded transactions
Zoning & alternative use
LIGHT IND · Tekonsha, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.1M
+152.3%
Office building
$5.0M
+105.6%
Retail stores
$4.5M
+87.0%
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 Tekonsha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tekonsha 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)
$2,425,000
Current use
RESTAURANT
$6,120,000
Change: +152% · Conversion: Difficult
OFFICE BUILDING
$4,985,000
Change: +106% · Conversion: Difficult
RETAIL STORES
$4,535,000
Change: +87% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,415,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,695,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±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
$50 / 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
$56,864
Tax year 2022
Assessed value
$1,314,750
Assessed 2024
Previous assessed
$1,185,750
+10.9% YoY
Effective rate
4.33%
On assessed value
Total market value
$2,629,500
Applied tax rate
13,130.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2001
Heating
FORCED AIR
Stories
1
Total area
73,702 SF
Lot
13.78 ac (600,126 SF)
Zoning code
LIGHT IND
APN
44-122-048-01
UPID
US43-2029943
Jurisdiction
CALHOUN
Zoning & alternative use
LIGHT IND · Tekonsha, MI
Zoning LIGHT IND · permitted uses
LIGHT IND · Tekonsha, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tekonsha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
RESTAURANT
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.0M
RETAIL STORES
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2001
Heating
FORCED AIR
Stories
1
Lot
13.78 ac
Current owner
From public records · entity-resolved
Jorgensen Holdings LLC
Entity
Mailing address
PO BOX 315, TEKONSHA, MI 49092-0315
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
—
Jorgensen Holdings LLC
—
Deed
related
$2,464,000 · Chelsea State Bank
Nov 9, 2020
—
Jorgensen Holdings LLC
—
Deed
related
$1,250,000 · Fifth Third Bank NA
Feb 12, 2019
$1,575,000
Jorgensen Holdings LLC
Friedman Real Estate Management
Deed
$822,472 · Fifth Third Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 101 Spires Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
