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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Automotive properties
1098 Omalley Dr Coopersville, MI 49404-9680
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-2010164
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2004
Total area
17,457 SF
Lot
3.3 ac (143,748 SF)
Zoning code
C-1
APN
70-05-27-260-001
UPID
US43-2010164
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
$1.65M
Blend (final)
Blend
$1.65M
Owner & transaction history
Xtac Properties LLC · 4 yrs held
Xtac Properties LLC
since 2022
4 recorded transactions
Zoning & alternative use
C-1 · Coopersville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
201.78 ac
Source
Realmo
Top alternative use upside
Retail stores
$2.6M
+34.0%
Office building
$2.4M
+23.6%
Commercial (general)
$2.3M
+19.8%
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 Coopersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coopersville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,930,000
Current use
RETAIL STORES
$2,585,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$2,385,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,310,000
Change: +20% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,875,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10%
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
$95 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$27,977
Tax year 2022
Assessed value
$647,700
Assessed 2023
Previous assessed
$589,300
+9.9% YoY
Effective rate
4.32%
On assessed value
Total market value
$1,295,400
Applied tax rate
44.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
17,457 SF
Lot
3.3 ac (143,748 SF)
Zoning code
C-1
APN
70-05-27-260-001
UPID
US43-2010164
Jurisdiction
OTTAWA
Zoning & alternative use
C-1 · Coopersville, MIZoning C-1 · permitted uses
C-1 · Coopersville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
201.78 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.9M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.9M
AUTO REPAIR, GARAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
3.3 ac
Current owner
From public records · entity-resolved
Xtac Properties LLC
Entity
Mailing address
1098 OMALLEY DR, COOPERSVILLE, MI 49404-9680
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Feb 3, 2022
—
Xtac Properties LLC
Omalley Drive LLC
Warranty Deed
$1,764,000 · Ubank
Dec 14, 2015
—
O Malley Drive LLC
Coastal Real Estate Holdings
Deed
$788,000 · Chemical Bank
Sep 16, 2009
—
Coastal Real Estate Holdings LLC
Macatawa Bank
Quit Claim Deed
related
—
Jan 15, 2008
—
Coopersville Real Estate LLC
Kraker Properties LLC
Warranty Deed
$1,800,000 · Macatawa Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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