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Property profile & analytics
OFF-MARKET
Banks
1401 Main St, Eaton Rapids, MI 48827-1953
Entity Owned
Free & Clear
Property ID
US43-2392802
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1980
Total area
3,532 SF
Lot
0.55 ac (23,958 SF)
Zoning code
GBD
APN
300 003 300 456 01
UPID
US43-2392802
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
Black River Bells LLC
Black River Bells LLC
since 2025
Last sale
$190,000
2 recorded transactions
Zoning & alternative use
GBD · Eaton Rapids, 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 Eaton Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eaton Rapids 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,429
Tax year 2023
Assessed value
$337,900
Assessed 2024
Previous assessed
$320,600
+5.4% YoY
Effective rate
5.16%
On assessed value
Total market value
$675,800
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Stories
2
Total area
3,532 SF
Lot
0.55 ac (23,958 SF)
Zoning code
GBD
APN
300 003 300 456 01
UPID
US43-2392802
Jurisdiction
EATON
Zoning & alternative use
GBD · Eaton Rapids, MI
Zoning GBD · permitted uses
GBD · Eaton Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eaton Rapids. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Stories
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Black River Bells LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5875 S M 66TH HWY, NASHVILLE, MI 49073-9431
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Black River Bells LLC
Moo Ville Real Estate LLC
Warranty Deed
—
Mar 21, 2024
$190,000
Moo Ville Real Estate LLC
Eaton Community Bank
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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