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Property profile & analytics
FOR LEASE
Retail properties & Spaces
1250 Boardman Rd, Jackson, MI 49202
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-0880828
For Lease
$3,190,000
1250 Boardman Rd, Jackson, MI 49202
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1966
Total area
67,589 SF
Lot
8.5 ac (370,260 SF)
Zoning code
PB
APN
2-247300000
UPID
US43-0880828
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
$3.19M
Blend (final)
Blend
$3.19M
Owner & transaction history
Rhino Holdings Jackson Crossings Ll · 2 yrs held
Rhino Holdings Jackson Crossings Ll
since 2024
7 recorded transactions
Zoning & alternative use
PB · Jackson, 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 Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.19M
Range $2.87M – $3.51M · ±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
$47 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$96,930
Tax year 2022
Assessed value
$1,302,000
Assessed 2023
Previous assessed
$1,302,000
+0.0% YoY
Effective rate
7.44%
On assessed value
Total market value
$2,604,000
Applied tax rate
50.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1966
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
67,589 SF
Lot
8.5 ac (370,260 SF)
Zoning code
PB
APN
2-247300000
UPID
US43-0880828
Jurisdiction
JACKSON
Zoning & alternative use
PB · Jackson, MI
Zoning PB · permitted uses
PB · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jackson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
8.5 ac
Current owner
From public records · entity-resolved
Rhino Holdings Jackson Crossings Ll
Entity
Free & Clear · 2 yrs held
Mailing address
2200 PASEO VERDE PKWY STE #260, HENDERSON, NV 89052-2703
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
—
Rhino Holdings Jackson Crossings Ll
Rhino Holdings Jackson LLC
Deed
—
Nov 22, 2022
—
Rhino Holdings Jackson LLC
—
Deed
related
$26,000,000 · Cre Credit Fund IV Originations LLC
Oct 26, 2022
—
Rhino Holdings Jackson LLC
Ggd Oakdale LLC
Deed
—
Jul 7, 2022
—
Ng21 LP
Ggd Oakdale LLC
Deed
—
Aug 30, 2021
—
Ggd Oaldale LLC
—
Deed
related
$10,000,000 · Ignite Funding
Aug 26, 2020
—
Ggd Oakdale LLC
—
Deed
related
$6,100,000 · Ignite Funding
Jul 28, 2020
—
Ggd Oakdale LLC
—
Deed
related
$1,763,000 · Meriwest Cu
Jan 13, 2020
—
Ggd Oakdale LLC
Seritage Src Finance LLC
Grant Deed
related
—
Dec 10, 2019
—
Seritage Src Finance LLC
—
Grant Deed
related
$2,000,000,000 · Berkshire Hathaway Life Ins Co
Aug 7, 2019
—
Acauisitions LLC
—
Deed
related
$1,504,864 · Chemical Bk
Jul 23, 2015
—
Seritage Src Finance LLC
Sears Roebuck & Co
Deed
—
—
—
Acauisitions LLC
—
Deed Of Trust
related
$1,504,864 · Chemical 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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