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Property profile & analytics
OFF-MARKET
Retail space
108 Main St, Chelsea, MI 48118-1266
Individually Owned
14-yr Hold
Free & Clear
Property ID
US43-1094065
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Total area
2,013 SF
Lot
0.02 ac (1,045 SF)
Zoning code
C5 CENT
APN
06-06-12-430-050
UPID
US43-1094065
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
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
Scott Cook · 14 yrs held
Scott Cook
since 2012
5 recorded transactions
Zoning & alternative use
C5 CENT · Chelsea, 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 Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,753
Tax year 2023
Assessed value
$132,900
Assessed 2024
Previous assessed
$132,700
+0.2% YoY
Effective rate
5.08%
On assessed value
Total market value
$265,800
Applied tax rate
6.0000
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
1890
Heating
FORCED AIR
Cooling
AC.PACKAGE
Total area
2,013 SF
Lot
0.02 ac (1,045 SF)
Zoning code
C5 CENT
APN
06-06-12-430-050
UPID
US43-1094065
Jurisdiction
WASHTENAW
Zoning & alternative use
C5 CENT · Chelsea, MI
Zoning C5 CENT · permitted uses
C5 CENT · Chelsea, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelsea. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Heating
FORCED AIR
Cooling
Yes
Lot
0.02 ac
Current owner
From public records · entity-resolved
Scott Cook
Individual
Free & Clear · 14 yrs held
Mailing address
112 W MIDDLE ST, CHELSEA, MI 48118-1094
Ownership since
2012
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
Apr 2, 2012
$165,000
Scott Cook
Winans,robert G & Lori J
Warranty Deed
—
Apr 2, 2012
$150,393
Robert G Lori J Winans
Keybank NA
Grant Deed
—
Nov 28, 2011
$100,325
Keybank NA
Deputy Sheriff Of Washtenaw Cnty
Trustees Deed
related
—
Jun 27, 2005
$15,000
Robert G Winans
Winans G L & E J Trust
Warranty Deed
related
$15,000 · Winans George L Trust
—
—
Robert G Winans
—
Deed Of Trust
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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