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Property profile & analytics
OFF-MARKET
Estimated value
$330,000
Manufacturing properties
1215 Wall St 14 Ironwood, MI 49938-1764
Entity Owned
Free & Clear
Property ID
US43-3043220
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Total area
2,400 SF
Lot
1.89 ac (82,328 SF)
Zoning code
I
APN
52-23-202-190
UPID
US43-3043220
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
-
Cramblit's Welding General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$330k
Owner & transaction history
CRAMBLITS WELDING LLC
CRAMBLITS WELDING LLC
Zoning & alternative use
I · Ironwood, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I industrial district is established for the purpose of encouraging within it the development of manufacturing, processing, storage and office establishments as ones in which the principal use of land is for industrial activities wholly compatible with all other uses permitted in this district.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
302.39 ac
Source
Realmo
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 Ironwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ironwood 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
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$330k
Range $297k – $363k · ±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
$138 / 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
$3,585
Tax year 2023
Assessed value
$59,668
Assessed 2023
Previous assessed
$51,096
+16.8% YoY
Effective rate
6.01%
On assessed value
Assessed land
$4,253
Assessed improvement
$55,415
Land market value
$8,506
Improvement market value
$110,830
Total market value
$119,336
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,400 SF
Lot
1.89 ac (82,328 SF)
Zoning code
I
APN
52-23-202-190
UPID
US43-3043220
Jurisdiction
GOGEBIC
Zoning & alternative use
I · Ironwood, MIZoning I · permitted uses
I · Ironwood, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I industrial district is established for the purpose of encouraging within it the development of manufacturing, processing, storage and office establishments as ones in which the principal use of land is for industrial activities wholly compatible with all other uses permitted in this district.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
302.39 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
CRAMBLITS WELDING LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1215 WALL ST, IRONWOOD, MI 49938-1764
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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