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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Strip malls
1549 Haslett Rd 2 Haslett, MI 48840-8473
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0214708
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
7,000 SF
Lot
0.82 ac (35,719 SF)
Zoning code
C-2
APN
33-02-02-10-431-018
UPID
US43-0214708
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
-
Stephens Consulting Services PC Engineer
-
Children's Enrichment Center Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Todd Kosta LLC · 4 yrs held
Todd Kosta LLC
since 2022
Last sale
$525,000
2 recorded transactions
Zoning & alternative use
C-2 · Haslett, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$865,000
+92.1%
Restaurant
$815,000
+81.7%
Commercial (general)
$800,000
+78.0%
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 Haslett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haslett 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
$535,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Current use
MEDICAL BUILDING
$865,000
Change: +92% · Conversion: Difficult
RESTAURANT
$815,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: +78% · Conversion: Easy
AUTO REPAIR, GARAGE
$705,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$655,000
Change: +45% · Conversion: Moderate
RETAIL STORES
$555,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$460,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $525k (Jan 31 2022)
Last sale anchor
$525k
Jan 31 2022
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
$78 / 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
$9,607
Tax year 2019
Assessed value
$159,400
Assessed 2023
Previous assessed
$158,900
+0.3% YoY
Effective rate
6.03%
On assessed value
Assessed land
$75,900
Assessed improvement
$83,500
Land market value
$151,800
Improvement market value
$167,000
Total market value
$318,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
YES
Stories
1
Total area
7,000 SF
Lot
0.82 ac (35,719 SF)
Zoning code
C-2
APN
33-02-02-10-431-018
UPID
US43-0214708
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Haslett, MIZoning C-2 · permitted uses
C-2 · Haslett, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$450,000
MEDICAL BUILDING
Est. value
$865,000
RESTAURANT
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$705,000
OFFICE BUILDING
Est. value
$655,000
RETAIL STORES
Est. value
$555,000
WAREHOUSE, STORAGE
Est. value
$460,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
YES
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Todd Kosta LLC
Entity
Mailing address
4277 OKEMOS RD STE #200, OKEMOS, MI 48864-3282
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$525,000
Todd Kosta LLC
Piridakos 3 LLC
Warranty Deed
$367,500 · Eaton Community Bank
Jan 23, 2008
—
Spiridakos 3 LLC
Spiridakos,gregory D & Effie
Quit Claim 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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