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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Retail space
133 Capital Ave, Athens, MI 49011-5102
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-2125985
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Total area
9,195 SF
Lot
0.72 ac (31,407 SF)
Zoning code
C-1 (GEN COMM)
APN
41-027-086-00
UPID
US43-2125985
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$793k
Blend (final)
Blend
$795k
Owner & transaction history
Michigamn Department Of Transportat · 1 yrs held
Michigamn Department Of Transportat
since 2024
Last sale
$1,000
6 recorded transactions
Zoning & alternative use
C-1 (GEN COMM) · Athens, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$765,000
+34.9%
Office building
$620,000
+9.9%
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
Alternative Use
Use
Estimation
RETAIL STORES
$565,000
Current use
RESTAURANT
$765,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$620,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$550,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $1k (Oct 2 2024)
Last sale anchor
$1k
Oct 2 2024
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
$86 / 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
$15,934
Tax year 2022
Assessed value
$342,100
Assessed 2024
Previous assessed
$345,200
-0.9% YoY
Effective rate
4.66%
On assessed value
Total market value
$684,200
Applied tax rate
13,050.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Stories
1
Total area
9,195 SF
Lot
0.72 ac (31,407 SF)
Zoning code
C-1 (GEN COMM)
APN
41-027-086-00
UPID
US43-2125985
Jurisdiction
CALHOUN
Zoning & alternative use
C-1 (GEN COMM) · Athens, MI
Zoning C-1 (GEN COMM) · permitted uses
C-1 (GEN COMM) · Athens, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$565,000
RESTAURANT
Est. value
$765,000
OFFICE BUILDING
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$550,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2013
Heating
FORCED AIR
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Michigamn Department Of Transportat
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 5414, NEW YORK, NY 10185-5414
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
$1,000
Michigamn Department Of Transportat
Erc Dgathmi001 LLC
Warranty Deed
—
Oct 2, 2024
—
Michigan Department Of Transportati
Dolgencorp LLC
Quit Claim Deed
related
—
Aug 3, 2020
—
Arc Dgarthe LLC
—
Deed
related
—
Aug 23, 2013
—
Arc Dgathmi001 LLC
Midwest V LLC
Other
—
Dec 4, 2012
—
Midwest V LLC
Athensre LLC
Warranty Deed
—
Dec 4, 2012
$50,000
Athensre LLC
Francis A Chlystek
Warranty Deed
—
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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