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Property profile & analytics
OFF-MARKET
Office buildings
109 Knight St Eaton Rapids, MI 48827-1277
Entity Owned
Free & Clear
Property ID
US43-2023977
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
1,200 SF
Lot
0.12 ac (5,227 SF)
Zoning code
CBD
APN
300 034 300 165 00
UPID
US43-2023977
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
-
Hair Point Barber Shop
-
Canfield Property Preservations LLC Landscaping General Contractor
-
Teel Builders & Real Estate Real Estate Agency
-
Ramley Home Solutions Roofing Company General Contractor
-
Farm Bureau Insurance - Wilson Agency Insurance Agency
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
Blu Horizon LLC
Blu Horizon LLC
since 2026
Last sale
$125,000
4 recorded transactions
Zoning & alternative use
CBD · Eaton Rapids, 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 Eaton Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eaton Rapids 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
$3,892
Tax year 2023
Assessed value
$69,700
Assessed 2024
Previous assessed
$65,700
+6.1% YoY
Effective rate
5.58%
On assessed value
Total market value
$139,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Stories
1
Total area
1,200 SF
Lot
0.12 ac (5,227 SF)
Zoning code
CBD
APN
300 034 300 165 00
UPID
US43-2023977
Jurisdiction
EATON
Zoning & alternative use
CBD · Eaton Rapids, MI
Zoning CBD · permitted uses
CBD · Eaton Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eaton Rapids. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Blu Horizon LLC
Entity
Free & Clear · 0 yrs held
Mailing address
114 HALL ST, EATON RAPIDS, MI 48827-1212
Ownership since
2026
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 29, 2026
—
Blu Horizon LLC
Ramirez
Warranty Deed
—
Mar 20, 2024
$125,000
Christopher Ramirez
Wilson Land Management LLC
Warranty Deed
—
May 19, 2022
$100,000
Wilson Land Management LLC
Eaton Mortgage Company
Warranty Deed
$75,000 · Eaton Community Bank
Mar 30, 2009
$85,326
Eaton Mortgage Company
Richard H Teel
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.
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