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Property profile & analytics
OFF-MARKET
Estimated value
$12,905,000
Commercial real estate
1344 Emajean St, Kalamazoo, MI 49006
Entity Owned
~
Est. High Equity
Property ID
US43-2422581
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
161,530 SF
Lot
10.01 ac (436,036 SF)
Zoning code
RM-15
APN
06-19-341-001
UPID
US43-2422581
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
$12.90M
Blend (final)
Blend
$12.91M
Owner & transaction history
A2 Owner LLC
A2 Owner LLC
since 2026
7 recorded transactions
Zoning & alternative use
RM-15 · Kalamazoo, 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 Kalamazoo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kalamazoo 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
$12.91M
Range $11.61M – $14.20M · ±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
$80 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$233,937
Tax year 2019
Assessed value
$5,486,100
Assessed 2023
Previous assessed
$5,486,100
+0.0% YoY
Effective rate
4.26%
On assessed value
Total market value
$10,972,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Stories
3
Total area
161,530 SF
Lot
10.01 ac (436,036 SF)
Zoning code
RM-15
APN
06-19-341-001
UPID
US43-2422581
Jurisdiction
KALAMAZOO
Zoning & alternative use
RM-15 · Kalamazoo, MI
Zoning RM-15 · permitted uses
RM-15 · Kalamazoo, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kalamazoo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
3
Lot
10.01 ac
Current owner
From public records · entity-resolved
A2 Owner LLC
Entity
Mailing address
875 N MICHIGAN AVE STE #3840, CHICAGO, IL 60611-1951
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2026
—
A2 Owner LLC
Hera Associates LLC
Deed
—
Feb 20, 2026
—
A2 Owner LLC
—
Deed
related
$16,500,000 · Cibc Bank USA
Oct 2, 2023
—
Hera Associates LLC
—
Deed
related
$8,700,000 · Wintrust Bank NA
Mar 6, 2015
—
Hera Associates LLC
40580 Van Dyke Gp LLC
Warranty Deed
—
Dec 5, 2013
—
Richard M Perlman
Hera Associates LLC
Warranty Deed
—
Jan 27, 2012
—
Hera Associates LLC
Mlmt 2004-keys Kalamazoo Apartments
Deed
$8,000,000 · The Privatebank & Trust Co
May 20, 2011
$7,500,000
Mlmt 2004-key2 Kalamazoo Apartments
Hidden Hills Apartments LLC
Sheriffs Deed
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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