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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Commercial real estate
150 Washington, Freeland, MI 48623-9028
Individually Owned
1-yr Hold
Free & Clear
Property ID
US43-4457351
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Total area
3,786 SF
Lot
0.73 ac (31,929 SF)
Zoning code
A1-AGRI
APN
29-13-3-16-3010-000
UPID
US43-4457351
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
-
Jimmy John's Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$474k
Blend (final)
Blend
$660k
Owner & transaction history
Kevin Tsai · 1 yrs held
Kevin Tsai
since 2024
Last sale
$658,303
4 recorded transactions
Zoning & alternative use
A1-AGRI · Freeland, 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 Freeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeland 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
$660,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$440,000
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $658k (Sep 6 2024)
Last sale anchor
$658k
Sep 6 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
$174 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,532
Tax year 2023
Assessed value
$360,600
Assessed 2024
Previous assessed
$360,600
+0.0% YoY
Effective rate
4.86%
On assessed value
Total market value
$721,200
Applied tax rate
29.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1995
Heating
YES
Stories
1
Total area
3,786 SF
Lot
0.73 ac (31,929 SF)
Zoning code
A1-AGRI
APN
29-13-3-16-3010-000
UPID
US43-4457351
Jurisdiction
SAGINAW
Zoning & alternative use
A1-AGRI · Freeland, MI
Zoning A1-AGRI · permitted uses
A1-AGRI · Freeland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freeland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Heating
YES
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Kevin Tsai
Individual
Free & Clear · 1 yrs held
Mailing address
12 FIDDLENECK WAY STE #850, ORINDA, CA 94563-3736
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
Kevin Tsai
Julia Zhang Tsai
Intrafamily Transfer
related
—
Dec 15, 2014
—
Zhang,julia J Y Trust
Zhang,julia J Y
Quit Claim Deed
related
—
Sep 3, 2013
$658,303
Zhang Lawrence Z Le
King Venture Dev LLC
Grant Deed
—
—
—
King Venture Dev LLC
—
Loan Modification
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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