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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
130 Main St Brooklyn, MI 49230-8588
Trust Owned
3-yr Hold
Free & Clear
Property ID
US43-1844430
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Total area
6,500 SF
Lot
0.83 ac (36,198 SF)
Zoning code
C-1
APN
000-19-24-478-002-02
UPID
US43-1844430
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
-
Xtreme Tan Tanning Salon Tanning Salon
-
Little Acres Daycare and Learning Center Daycare Center
-
The Platinum Place Hair Salon
-
K&B Armory Gun Shop
-
Abundant Life Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$533k
Blend (final)
Blend
$515k
Owner & transaction history
Equity Trust Company · 3 yrs held
Equity Trust Company
since 2023
Last sale
$425,000
5 recorded transactions
Zoning & alternative use
C-1 · Brooklyn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This C-1 district is intended to encompass the retail, service and administrative establishments, which form the central business district, and which provide retail convenience and comparison goods and personal and professional services for the entire trade area. Heavy volumes of traffic in this C-1 district necessitates an efficient system of arterial stree…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
12.40 ac
Source
Realmo
Top alternative use upside
Restaurant
$550,000
+23.9%
Medical building
$535,000
+20.6%
Office building
$485,000
+9.2%
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 Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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
$455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
RETAIL STORES
$440,000
Current use
RESTAURANT
$550,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$535,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$485,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$435,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$365,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $425k (Feb 23 2023)
Last sale anchor
$425k
Feb 23 2023
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
$79 / 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
$5,452
Tax year 2022
Assessed value
$211,100
Assessed 2023
Previous assessed
$114,300
+84.7% YoY
Effective rate
2.58%
On assessed value
Total market value
$422,200
Applied tax rate
41.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1935
Heating
FORCED AIR
Buildings
5
Stories
1
Total area
6,500 SF
Lot
0.83 ac (36,198 SF)
Zoning code
C-1
APN
000-19-24-478-002-02
UPID
US43-1844430
Jurisdiction
JACKSON
Zoning & alternative use
C-1 · Brooklyn, MIZoning C-1 · permitted uses
C-1 · Brooklyn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This C-1 district is intended to encompass the retail, service and administrative establishments, which form the central business district, and which provide retail convenience and comparison goods and personal and professional services for the entire trade area. Heavy volumes of traffic in this C-1 district necessitates an efficient system of arterial streets and highways and adequate parking facilities.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
12.40 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$440,000
RESTAURANT
Est. value
$550,000
MEDICAL BUILDING
Est. value
$535,000
OFFICE BUILDING
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$365,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1935
Heating
FORCED AIR
Stories
1
Buildings
5
Lot
0.83 ac
Current owner
From public records · entity-resolved
Equity Trust Company
Trust
Free & Clear · 3 yrs held
Mailing address
12008 DEER LK TRL, BROOKLYN, MI 49230-8024
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2023
$425,000
Equity Trust Company
Abundant Life Assembly
Warranty Deed
—
Apr 23, 2019
—
Abundant Life Assembly Assemblies Of God Michigan
—
Deed
related
$311,500 · Assemblies/god Ln Fin
Apr 26, 2007
$450,000
Abundant Life Assembly
Irish Hills Centre INC
Warranty Deed
$415,000 · Assemblies Of God Loan Fund
Aug 28, 2006
—
Irish Hills Centre INC
Rick A Shore
Quit Claim Deed
related
—
—
—
Abundant Life Assembly Assemblies Of God Michigan
—
Deed Of Trust
related
$311,500 · Assemblies/god Ln Fin
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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