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Property profile & analytics
OFF-MARKET
Estimated value
$4,515,000
Warehouses
1013 Thorrez Rd, Jackson, MI 49201-8903
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1607287
Property summary
AI-generated overview
This expansive 89,900 square foot industrial building in Jackson, MI, is offered at $6,500,000. Located on 7.58 acres and zoned LI (Limited Industrial), it features a 2,700 square foot office suite, 75 parking spaces, 5 loading docks, and 4 dock-high doors. The building boasts impressive ceiling heights varying from 19 feet to 33 feet, and includes 6 cranes. A powerful electrical capacity (2000KVA transformer, 2500AMP switchgear) supports efficient operations. The property also includes two additional parcels, offering significant expansion potential. Its strategic location within Hurst Research Park, near Jackson County Airport and major highways (M-60 & I-94), provides excellent access and connectivity to transportation networks. This owner-user opportunity presents a well-equipped, expandable facility in a thriving industrial area. The property's APN is 051-07-36-427-001-01,000-08-31-301-004-01,000-08-31-301-005-01. The price per square foot is $72.30.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
51,936 SF
Lot
3.07 ac (133,555 SF)
Zoning code
L.I-1
APN
051-07-36-427-001-01
UPID
US43-1607287
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
-
Dexter Stamping Company, LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$4.52M
Owner & transaction history
1013 Thorrez LLC · 1 yrs held
1013 Thorrez LLC
since 2025
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
L.I-1 · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+121.3%
Medical building
$4.4M
+109.8%
Retail stores
$3.7M
+78.4%
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 Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson 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
$4,720,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,630,000
Change: +121% · Conversion: Difficult
MEDICAL BUILDING
$4,390,000
Change: +110% · Conversion: Difficult
RETAIL STORES
$3,735,000
Change: +78% · Conversion: Moderate
OFFICE BUILDING
$3,660,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,295,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,920,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$4.52M
Range $4.06M – $4.97M · ±10% · vs last sale $5.00M (May 1 2025)
Last sale anchor
$5.00M
May 1 2025
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
$87 / 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
$48,894
Tax year 2022
Assessed value
$1,116,900
Assessed 2023
Previous assessed
$1,075,400
+3.9% YoY
Effective rate
4.38%
On assessed value
Total market value
$2,233,800
Applied tax rate
14.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
FORCED AIR
Buildings
4
Total area
51,936 SF
Lot
3.07 ac (133,555 SF)
Zoning code
L.I-1
APN
051-07-36-427-001-01
UPID
US43-1607287
Jurisdiction
JACKSON
Zoning & alternative use
L.I-1 · Jackson, MI
Zoning L.I-1 · permitted uses
L.I-1 · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jackson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.4M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
Heating
FORCED AIR
Buildings
4
Lot
3.07 ac
Current owner
From public records · entity-resolved
1013 Thorrez LLC
Entity
Mailing address
1013 THORREZ RD, JACKSON, MI 49201-8903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
$5,000,000
1013 Thorrez LLC
Dexter Stamping Company LLC
Warranty Deed
$3,000,000 · Comerica 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.
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