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Property profile & analytics
OFF-MARKET
Retail residential properties
124 State St Hastings, MI 49058-1809
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-4429003
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1871
Total area
4,788 SF
Lot
0.06 ac (2,788 SF)
Zoning code
B-1
APN
08-55-201-131-00
UPID
US43-4429003
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
-
Spring Air Mattresses Furniture & Home Goods
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
124 E State LLC · 2 yrs held
124 E State LLC
since 2023
Last sale
$125,000
7 recorded transactions
Zoning & alternative use
B-1 · Hastings, 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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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
$3,551
Tax year 2023
Assessed value
$50,700
Assessed 2024
Previous assessed
$50,700
+0.0% YoY
Effective rate
7.00%
On assessed value
Total market value
$101,400
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1871
Heating
FORCED AIR
Buildings
2
Stories
2
Total area
4,788 SF
Lot
0.06 ac (2,788 SF)
Zoning code
B-1
APN
08-55-201-131-00
UPID
US43-4429003
Jurisdiction
BARRY
Zoning & alternative use
B-1 · Hastings, MI
Zoning B-1 · permitted uses
B-1 · Hastings, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1871
Heating
FORCED AIR
Stories
2
Buildings
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
124 E State LLC
Entity
Free & Clear · 2 yrs held
Mailing address
506 GASKILL RD SW STE #200, HASTINGS, MI 49058-9414
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$125,000
124 E State LLC
Estate Of Donna Fay Packer
Warranty Deed
—
Jun 10, 2019
—
Leonard INC
—
Deed
related
$10,000 · City Of Hastings
May 10, 2017
$95,000
Donna F Packer
Ben & Larrys Sales INC
Warranty Deed
$120,000 · Hastings Cty Bk
Apr 27, 2016
$75,000
Ben & Larrys Sales INC
Walker,brady
Warranty Deed
$65,000 · Hastings Cty Bk
Mar 19, 2015
—
Thomas Walker
Walker Andrea
Quit Claim Deed
related
—
Mar 5, 2013
—
Thomas J Walker
Walker,thomas J & Andrea
Quit Claim Deed
related
—
Apr 14, 2008
$65,000
Thomas J Walker
Chen,qi T & Hui Z
Warranty Deed
—
—
—
Leonard INC
—
Deed Of Trust
related
$10,000 · City Of Hastings
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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