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Property profile & analytics
OFF-MARKET
Assisted living facilities
15146 16th Ave Marne, MI 49435-9605
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-0198094
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Total area
64,632 SF
Lot
7.04 ac (306,488 SF)
Zoning code
CC
APN
70-06-35-100-037
UPID
US43-0198094
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
-
Sanford Behavioral Health Medical Clinic
-
Sanford Behavioral Health West Campus Medical Clinic
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
Chct Michigan LLC · 3 yrs held
Chct Michigan LLC
since 2022
7 recorded transactions
Zoning & alternative use
CC · Marne, 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 Marne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marne 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 2022Property tax & assessments
Tax year 2022
Tax billed
$41,299
Tax year 2022
Assessed value
$1,600,900
Assessed 2023
Previous assessed
$1,264,700
+26.6% YoY
Effective rate
2.58%
On assessed value
Total market value
$3,201,800
Applied tax rate
26.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Heating
FORCED AIR
Buildings
7
Stories
1
Total area
64,632 SF
Lot
7.04 ac (306,488 SF)
Zoning code
CC
APN
70-06-35-100-037
UPID
US43-0198094
Jurisdiction
OTTAWA
Zoning & alternative use
CC · Marne, MI
Zoning CC · permitted uses
CC · Marne, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
7
Lot
7.04 ac
Current owner
From public records · entity-resolved
Chct Michigan LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3326 ASPEN GRV DR STE #150, FRANKLIN, TN 37067-2870
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
—
Chct Michigan LLC
16th Avenue LLC
Condominium Deed
—
Nov 19, 2021
—
16th Avenue LLC
—
Deed
related
$7,832,000 · Mercantile Bank Of Michigan
Aug 6, 2020
—
16th Avenue LLC
Tia Corporation
Warranty Deed
$2,000,000 · Mercantile Bank Of Michigan
Aug 11, 2017
—
Tia Corporation
Best Drug Rehabilitation Holdings I
Warranty Deed
$1,100,000 · Union Bank
Aug 11, 2017
$650,000
Best Drug Rehabilitation Holdings I
Michigan Retirement Holdings LLC
Land Contract
—
Aug 24, 2012
—
Michigan Retirement Holdings LLC
Blue Mesa Holdings LLC
Deed
—
Nov 8, 2010
—
Michigan Retirement Holdings LLC
Jill Makos
Warranty Deed
—
May 15, 2009
$990,083
Financial Freedom Loans INC
Ventas Assets For Senior Endeavors
Sheriffs Deed
related
—
Feb 19, 2009
$382,499
Financial Freedom Loans INC
Ventas Assets For Senior Endeavors
Sheriffs Deed
related
—
Jul 22, 2005
—
V A S E LLC
One Main Street LLC
Corporation Deed
—
Jul 14, 2005
—
One Main Street LLC
Ventas Realty LP
Other
—
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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