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Property profile & analytics
OFF-MARKET
Retail space
102 Michigan Ave, Marshall, MI 49068-1522
Entity Owned
Free & Clear
Property ID
US43-2213599
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1875
Total area
1,680 SF
Lot
0.05 ac (2,004 SF)
Zoning code
B-3 CEN
APN
53-001-004-02
UPID
US43-2213599
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
-
paper & i (Bike/Boat/Book/etc) Store
-
UN10N Church
-
Nippers Studio & Gift Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shelcent Enterprises LLC
Shelcent Enterprises LLC
since 2025
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
B-3 CEN · Marshall, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Marshall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshall 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,287
Tax year 2022
Assessed value
$66,900
Assessed 2024
Previous assessed
$68,700
-2.6% YoY
Effective rate
4.91%
On assessed value
Total market value
$133,800
Applied tax rate
13,110.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1875
Heating
FORCED AIR
Stories
1
Total area
1,680 SF
Lot
0.05 ac (2,004 SF)
Zoning code
B-3 CEN
APN
53-001-004-02
UPID
US43-2213599
Jurisdiction
CALHOUN
Zoning & alternative use
B-3 CEN · Marshall, MI
Zoning B-3 CEN · permitted uses
B-3 CEN · Marshall, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marshall. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1875
Heating
FORCED AIR
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Shelcent Enterprises LLC
Entity
Free & Clear · 0 yrs held
Mailing address
16745 18TH MILE RD, MARSHALL, MI 49068-9499
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2025
$400,000
Shelcent Enterprises LLC
Uv Properties LLC
Warranty Deed
—
Apr 9, 2025
$326,000
Uv Properties LLC
G O Properties LLC
Warranty Deed
$255,000 · Sturgis Bank & Trust Co
Apr 20, 2023
—
Uv Properties LLC
C O Properties LLC
Deed
—
Feb 7, 2019
—
Go Properties LLC
Mark P Gibbs
Warranty Deed
—
Mar 18, 2016
—
102 West Michigan LLC
Brian D Charbonneau
Warranty Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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