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Property profile & analytics
OFF-MARKET
Retail space
110 3rd St, Sand Lake, MI 49343-5124
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US43-3113332
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
2,520 SF
Lot
0.27 ac (11,892 SF)
Zoning code
V-B-1
APN
41-03-05-241-008
UPID
US43-3113332
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
Ben C Robbins · 18 yrs held
Ben C Robbins
since 2007
7 recorded transactions
Zoning & alternative use
V-B-1 · Sand Lake, 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 Sand Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sand Lake 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 2019Property tax & assessments
Tax year 2019
Tax billed
$1,220
Tax year 2019
Assessed value
$41,900
Assessed 2023
Previous assessed
$29,700
+41.1% YoY
Effective rate
2.91%
On assessed value
Total market value
$83,800
Applied tax rate
7.0000
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
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,520 SF
Lot
0.27 ac (11,892 SF)
Zoning code
V-B-1
APN
41-03-05-241-008
UPID
US43-3113332
Jurisdiction
KENT
Zoning & alternative use
V-B-1 · Sand Lake, MI
Zoning V-B-1 · permitted uses
V-B-1 · Sand Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sand Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ben C Robbins
Individual
Mailing address
PO BOX 224, SAND LAKE, MI 49343-0224
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2007
—
Ben C Robbins
Choice Bank
Warranty Deed
$55,000 · Choice One Bank
Apr 14, 2006
—
Ben Robbins
Ducat,donald E & Norah H
Grant Deed
related
—
Jul 8, 2005
$150,000
Choiceone Bank
Sheriff Of Kent County
Trustees Deed
related
—
Oct 15, 2001
$117,000
Bruce J Mcsorley
Independent Bank West Michigan
Grant Deed
$117,000 · Independent Bank West Michigan
Apr 11, 2001
$99,294
Independent Bank West Michigan
Springfield,toby & Norma
Trustees Deed
related
—
Nov 29, 1999
$150,000
Toby Springfield
Wheeler,gregory & Irene M
Grant Deed
$118,442 · Independent Bank West Michigan
—
—
Bruce J Mcsorley
—
Deed Of Trust
related
$225,000 · Choice One Bank
—
—
Bruce J Mcsorley
—
Deed Of Trust
related
$25,000 · Choice One 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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