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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Retail space
115 Allegan St, Otsego, MI 49078-1115
Entity Owned
7-yr Hold
Free & Clear
Property ID
US43-2130112
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Total area
9,168 SF
Lot
0.22 ac (9,453 SF)
APN
54-100-015-00
UPID
US43-2130112
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
-
Lock Master Security Security Service General Contractor
-
Autism Centers of Michigan, Otsego Medical Clinic
-
Michigan Health Choices Medical Clinic
-
Acorn Health ABA Therapy - Otsego Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$971k
Blend (final)
Blend
$850k
Owner & transaction history
Ahm Properties LLC · 7 yrs held
Ahm Properties LLC
since 2019
5 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 Otsego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otsego 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
RETAIL STORES
$1,160,000
Current use
RESTAURANT
$1,000,000
Change: -14% · Conversion: Easy
COMMERCIAL (GENERAL)
$995,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$93 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,194
Tax year 2023
Assessed value
$236,700
Assessed 2024
Previous assessed
$219,500
+7.8% YoY
Effective rate
5.15%
On assessed value
Assessed land
$8,000
Assessed improvement
$228,700
Land market value
$16,000
Improvement market value
$457,400
Total market value
$473,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
9,168 SF
Lot
0.22 ac (9,453 SF)
APN
54-100-015-00
UPID
US43-2130112
Jurisdiction
ALLEGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$995,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1980
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ahm Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1500 S DOUGLAS RD #230, CORAL GABLES, FL 33134-4108
Ownership since
2019
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 25, 2019
$175,000
Ahm Properties LLC
Compass Wellness Center LLC
Warranty Deed
—
Oct 17, 2017
—
Compass Wellness Center LLC
Stabile Properties LLC
Warranty Deed
—
Aug 12, 2013
—
Compass Wellness Center LLC
Stabile Properties LLC
Land Contract
—
Apr 6, 2012
$70,000
Stabile Properties LLC
Family Care After Hours Clinic P C
Warranty Deed
—
Feb 23, 2009
—
Family Care After Hours Clinic PC
Ronald C Zapf
Warranty Deed
$295,000 · Kalsee Credit Union
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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