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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Manufacturing properties
1234 Wall St Ironwood, MI 49938-1763
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-3176738
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
35,184 SF
Lot
6.5 ac (283,140 SF)
Zoning code
I
APN
52-23-202-030
UPID
US43-3176738
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
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.16M
Owner & transaction history
Rjjdrj I LLP · 6 yrs held
Rjjdrj I LLP
since 2019
1 recorded transaction
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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$33 / 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
$21,053
Tax year 2023
Assessed value
$292,095
Assessed 2023
Previous assessed
$290,369
+0.6% YoY
Effective rate
7.21%
On assessed value
Assessed land
$14,625
Assessed improvement
$277,470
Land market value
$29,250
Improvement market value
$554,940
Total market value
$584,190
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
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
35,184 SF
Lot
6.5 ac (283,140 SF)
Zoning code
I
APN
52-23-202-030
UPID
US43-3176738
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
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
6.5 ac
Current owner
From public records · entity-resolved
Rjjdrj I LLP
Entity
Mailing address
1238 WALL ST, IRONWOOD, MI 49938-1763
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
—
Rjjdrj I LLP
—
Deed
related
$1,000,000 · The Stephenson National Bank & Trust
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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