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Property profile & analytics
OFF-MARKET
Estimated value
$405,000
Banks
1505 Kyle St Eaton Rapids, MI 48827-8908
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2435202
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Total area
3,835 SF
Lot
1.79 ac (77,972 SF)
Zoning code
GBD
APN
300 003 300 403 01
UPID
US43-2435202
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
$405k
Owner & transaction history
Lansing Automakers FCU · 19 yrs held
Lansing Automakers FCU
since 2006
1 recorded transaction
Zoning & alternative use
GBD · Eaton Rapids, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Business District
General category
COMMERCIAL
Zone area
43.45 ac
Source
Realmo
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
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
$405k
Range $365k – $446k · ±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
$106 / 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
$34,593
Tax year 2023
Assessed value
$679,800
Assessed 2024
Previous assessed
$639,300
+6.3% YoY
Effective rate
5.09%
On assessed value
Total market value
$1,359,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
3,835 SF
Lot
1.79 ac (77,972 SF)
Zoning code
GBD
APN
300 003 300 403 01
UPID
US43-2435202
Jurisdiction
EATON
Zoning & alternative use
GBD · Eaton Rapids, MIZoning 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
Zone name
General Business District
General category
COMMERCIAL
Zone area
43.45 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Lansing Automakers FCU
Individual
Free & Clear · 19 yrs held
Mailing address
106 N MARKETPLACE BLVD, LANSING, MI 48917-7753
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2006
$175,000
Lansing Automakers FCU
Johnathan P Wulff
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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