Individually Owned Property summary
AI-generated overview
This exceptional 1,232 square foot office space, situated on the second floor of 117 E Walker St in the heart of downtown St. Johns, Michigan, presents a fantastic opportunity for businesses seeking a vibrant and convenient location. The single-tenant space is perfect for startups, small businesses, or expanding teams looking to establish a presence in this thriving community. Its prime downtown location offers easy access to a variety of shops, restaurants, and other local amenities, providing a dynamic and convenient work environment. The property boasts flexible lease terms designed to accommodate the unique needs of various businesses. Furthermore, the owners are open to considering tenant improvements, allowing for customization to perfectly match your business's specific vision and operational requirements. This versatile space offers a unique chance to establish or expand your business within the energetic atmosphere of St. Johns, MI, 48879. This traditional office space is ready for immediate occupancy.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
3,344 SF
Lot
0.06 ac (2,483 SF)
Zoning code
CBD
APN
300-000-007-012-00
UPID
US43-2006560
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$160k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$145k
Owner & transaction history
since 2021
Last sale
$133,760
3 recorded transactions
Zoning & alternative use
CBD · Saint Johns, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$145k
Value range
$131k – $160k
±10% around blend
Estimated value / SF
$43 / SF
Confidence
Low
3 county-verified comps
Property data
100
Comparable evidence
30
$131k
blend $145k
$160k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,344 SF
Lot area
0.06 ac
Year built
1900
Stories
2
APN
300-000-007-012-00
Zoning
CBD
Assessed value
$63,600
Annual tax
$3,500
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$722k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.2 mi away · 2,976 SF
24.3 mi away · 4,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$145k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$134k
Move the market yield to see immediate price impact.
Value / SF
$40
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$8k
$169k
$120k
$94k
$9k
$187k
$134k
$104k
$10k
$206k
$147k
$114k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$650k
11.1 mi · Dec 2025 · $218/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,500
Tax year 2022
Assessed value
$63,600
Assessed 2024
Previous assessed
$58,900
+8.0% YoY
Effective rate
5.50%
On assessed value
Assessed land
$3,100
Assessed improvement
$60,500
Land market value
$6,200
Improvement market value
$121,000
Total market value
$127,200
Applied tax rate
300.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1900
Heating
YES
Stories
2
Total area
3,344 SF
Lot
0.06 ac (2,483 SF)
Zoning code
CBD
APN
300-000-007-012-00
UPID
US43-2006560
Jurisdiction
CLINTON
Zoning & alternative use
CBD · Saint Johns, MIZoning CBD · permitted uses
CBD · Saint Johns, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Heating
YES
Stories
2
Lot
0.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CBD
Jurisdiction
Saint Johns, MI
Recorded code
CBD
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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