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Property profile & analytics
OFF-MARKET
Commercial real estate
124 Michigan Ave, Clinton, MI 49236-9477
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-1157573
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
3,040 SF
Lot
0.82 ac (35,719 SF)
APN
CL6-305-0310-00
UPID
US43-1157573
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
-
BIGGBY COFFEE Cafe & Coffee Shop
-
Johnnie's Bar & Grill - Clinton Restaurant
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
Kolander Daniel · 6 yrs held
Kolander Daniel
since 2019
7 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 Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,377
Tax year 2023
Assessed value
$93,500
Assessed 2024
Previous assessed
$93,500
+0.0% YoY
Effective rate
4.68%
On assessed value
Total market value
$187,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
3,040 SF
Lot
0.82 ac (35,719 SF)
APN
CL6-305-0310-00
UPID
US43-1157573
Jurisdiction
LENAWEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Kolander Daniel
Individual
Mailing address
PO BOX 400, WILLIAMSTON, MI 48895-0400
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
—
Jmb Management LLC
—
Deed
related
$464,300 · Eaton Fed'l Bk
Sep 26, 2019
—
Kolander Daniel
Martha K Kolander Rev Trust
Quitclaim Deed
$148,000 · Lake Tr Cu
Aug 13, 2019
—
Clinton Q LLC
Fahey,jeffrey J
Quit Claim Deed
related
—
Aug 13, 2019
$170,000
Jmat Management LLC
Clinton Q LLC
Warranty Deed
$384,400 · Eaton Federal Savings Bank
Jun 19, 2019
—
Kolander,martha K Trust
Kolander,martha K & Richard H
Quitclaim Deed
related
—
Jul 12, 2017
—
Martha Kolander
—
Deed
related
—
—
—
Jmb Management LLC
—
Loan Modification
related
$464,300 · Eaton Fed'l Bk
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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