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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Commercial real estate
1022 Maplecrest Ct Three Rivers, MI 49093-2055
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-2040904
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
240 SF
Lot
6.5 ac (283,140 SF)
Zoning code
R-5
APN
051-399-083-10
UPID
US43-2040904
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
-
Maplecrest Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Maplecrest Cp Michigan LLC · 1 yrs held
Maplecrest Cp Michigan LLC
since 2025
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
R-5 · Three Rivers, 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 Three Rivers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Three Rivers 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
$2,660,000
ML approach
$2,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.78M (May 28 2025)
Last sale anchor
$2.78M
May 28 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
$11,042 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$40,695
Tax year 2023
Assessed value
$733,800
Assessed 2024
Previous assessed
$659,100
+11.3% YoY
Effective rate
5.55%
On assessed value
Assessed land
$50,500
Assessed improvement
$683,300
Land market value
$101,000
Improvement market value
$1,366,600
Total market value
$1,467,600
Applied tax rate
51.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Cooling
YES
Buildings
2
Total area
240 SF
Lot
6.5 ac (283,140 SF)
Zoning code
R-5
APN
051-399-083-10
UPID
US43-2040904
Jurisdiction
ST JOSEPH
Zoning & alternative use
R-5 · Three Rivers, MI
Zoning R-5 · permitted uses
R-5 · Three Rivers, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Three Rivers. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
6.5 ac
Current owner
From public records · entity-resolved
Maplecrest Cp Michigan LLC
Entity
Mailing address
PO BOX 730, MISHAWAKA, IN 46546-0730
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
$2,781,443
Maplecrest Cp Michigan LLC
Mapleview LLC
Special Warranty Deed
$2,779,000 · Berkadia Commercial Mortgage LLC
Jan 9, 2017
—
Mapleview LLC
—
Deed
related
$1,765,820 · Horizon Bank NA
Sep 5, 2007
—
Mapleview LLC
Maplecrest Community
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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