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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1228 Washington St, White Cloud, MI 49349-8800
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3744289
Property summary
AI-generated overview
This commercial property features frontage on M-37 and is situated on a corner lot. The 1.4-acre property consists of six lots, offering potential for various business ventures. The front three lots are zoned commercial, suitable for retail, office space, or service-based businesses. The back three lots are zoned light industrial, making them ideal for warehousing, manufacturing, or storage. An easement runs through both the front and back lots, enhancing accessibility.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
COMMERCIAL (GENERAL)
Lot
1.4 ac (60,984 SF)
Zoning code
LOCAL ZONE
APN
11-32-402-001
UPID
US43-3744289
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
Ernest John Smuk JR And Lieselotte · 13 yrs held
Ernest John Smuk JR And Lieselotte
since 2012
1 recorded transaction
Zoning & alternative use
LOCAL ZONE · White Cloud, 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 White Cloud submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Cloud 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 2022Property tax & assessments
Tax year 2022
Tax billed
$586
Tax year 2022
Assessed value
$10,700
Assessed 2023
Previous assessed
$8,600
+24.4% YoY
Effective rate
5.48%
On assessed value
Total market value
$21,400
Applied tax rate
6,285.0000
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 properties & Spaces
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Lot
1.4 ac (60,984 SF)
Zoning code
LOCAL ZONE
APN
11-32-402-001
UPID
US43-3744289
Jurisdiction
NEWAYGO
Zoning & alternative use
LOCAL ZONE · White Cloud, MI
Zoning LOCAL ZONE · permitted uses
LOCAL ZONE · White Cloud, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Cloud. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Lot
1.4 ac
Current owner
From public records · entity-resolved
Ernest John Smuk JR And Lieselotte
Individual
Free & Clear · 13 yrs held
Mailing address
6100 E WOODSIDE LN, NEWAYGO, MI 49337-8782
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2012
$46,000
Ernest John Smuk JR And Lieselotte
Ricky J Rought
Warranty Deed
—
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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