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Property profile & analytics
FOR SALE
Retail space
107 E Delaware St Decatur, MI 49045
Entity Owned
6-yr Hold
Free & Clear
Property ID
US43-3228274
For Sale
1 / 17
$650,000
107 E Delaware St, Decatur, MI 49045
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Total area
6,400 SF
Lot
0.5 ac (21,780 SF)
APN
80-43-040-294-11
UPID
US43-3228274
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
-
Lliff Daniel A DC Alternative Medicine Practice
-
Sun Provisions (Bike/Boat/Book/etc) Store
-
Decatur One Stop Grocery & Convenience Store
-
LAWSON SELF SERVE Grocery & Convenience Store
-
Citgo Gas Station
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
Progressive Investment Group LLC · 6 yrs held
Progressive Investment Group LLC
since 2020
Last sale
$390,000
4 recorded transactions
Zoning & alternative use
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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 2020Property tax & assessments
Tax year 2020
Tax billed
$5,753
Tax year 2020
Assessed value
$106,400
Assessed 2023
Previous assessed
$100,600
+5.8% YoY
Effective rate
5.41%
On assessed value
Total market value
$212,800
Applied tax rate
80,430.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1992
Heating
NONE
Stories
2
Total area
6,400 SF
Lot
0.5 ac (21,780 SF)
APN
80-43-040-294-11
UPID
US43-3228274
Jurisdiction
VAN BUREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Progressive Investment Group LLC
Entity
Free & Clear · 6 yrs held
Mailing address
50 COLEMAN ST SE, GRAND RAPIDS, MI 49548-7716
Ownership since
2020
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
Apr 6, 2020
$390,000
Progressive Investment Group LLC
Psdv LLC
Warranty Deed
—
Mar 30, 2020
$155,000
Psdv LLC
Robert Cheek
Warranty Deed
—
Mar 1, 2019
—
Robert Cheek
Brando Properties LLC
Warranty Deed
$100,000 · Honor Cu
Nov 3, 2008
—
Brando Properties LLC
Timothy J Dowsett
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.
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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