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Property profile & analytics
OFF-MARKET
Turn key restaurants
1602 Michigan Ave Jackson, MI 49202-4003
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1402328
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1973
Total area
4,038 SF
Lot
0.78 ac (33,977 SF)
Zoning code
PC-1
APN
000-08-33-376-004-00
UPID
US43-1402328
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
1602 Michigan Avenue LLC · 1 yrs held
1602 Michigan Avenue LLC
since 2024
4 recorded transactions
Zoning & alternative use
PC-1 · Jackson, 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 Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson 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
$17,061
Tax year 2022
Assessed value
$289,200
Assessed 2023
Previous assessed
$415,600
-30.4% YoY
Effective rate
5.90%
On assessed value
Total market value
$578,400
Applied tax rate
1.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
4,038 SF
Lot
0.78 ac (33,977 SF)
Zoning code
PC-1
APN
000-08-33-376-004-00
UPID
US43-1402328
Jurisdiction
JACKSON
Zoning & alternative use
PC-1 · Jackson, MI
Zoning PC-1 · permitted uses
PC-1 · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jackson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
1602 Michigan Avenue LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1010 NORTHERN BLVD STE #212, GREAT NECK, NY 11021-5320
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Nov 14, 2024
—
1602 Michigan Avenue LLC
—
Deed
related
$1,560,000 · First National Bank Of Omaha
Oct 29, 2024
—
1602 Michigan Avenue LLC
Westwood Jackson Mall Realty Holdin
Deed
—
Mar 17, 2021
—
Jackson Mall Realty Holding LLC
—
Deed
related
$9,000,000 · Aff III Blw LLC
Dec 3, 2013
—
Westwood Mall LLC
—
Deed Of Trust
related
$760,000,000 · Keybank USA
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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