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Property profile & analytics
OFF-MARKET
Manufacturing properties
127 Railroad St Springport, MI 49284-9769
Individually Owned
5-yr Hold
Free & Clear
Property ID
US43-1103879
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1950
Total area
6,518 SF
Lot
0.21 ac (8,973 SF)
Zoning code
RNF-1
APN
002-01-17-356-035-00
UPID
US43-1103879
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
Milton Schack · 5 yrs held
Milton Schack
since 2021
Last sale
$9,050
4 recorded transactions
Zoning & alternative use
RNF-1 · Springport, 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 Springport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springport 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
$2,222
Tax year 2022
Assessed value
$50,700
Assessed 2023
Previous assessed
$41,100
+23.4% YoY
Effective rate
4.38%
On assessed value
Total market value
$101,400
Applied tax rate
47.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Buildings
4
Stories
2
Total area
6,518 SF
Lot
0.21 ac (8,973 SF)
Zoning code
RNF-1
APN
002-01-17-356-035-00
UPID
US43-1103879
Jurisdiction
JACKSON
Zoning & alternative use
RNF-1 · Springport, MI
Zoning RNF-1 · permitted uses
RNF-1 · Springport, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Stories
2
Buildings
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Milton Schack
Individual
Free & Clear · 5 yrs held
Mailing address
44 LE BLANC ST, RIVER ROUGE, MI 48218-1216
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2021
$9,050
Milton Schack
Brian Bradford Summers
Warranty Deed
—
Oct 5, 2020
$13,750
Brian B Summers
Jackson County Treasurer
Quit Claim Deed
related
—
Feb 17, 2012
—
Jdd Holdings LLC
Hoag,darr
Quit Claim Deed
related
—
Jun 22, 2006
—
Dorci A Franks
Philip C Baldwin
Intrafamily Transfer
related
—
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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