OFF-MARKET
Commercial real estate
Entity Owned
Free & Clear
Entity Owned Property summary
AI-generated overview
This exceptional commercial property, located at 1621 44th Street SW in Wyoming, MI, presents a compelling investment opportunity. Situated on a 0.92-acre lot, the building enjoys excellent visibility and high traffic counts due to its prominent location on 44th Street. Currently fully leased to three long-term medical tenants, this property provides a stable and predictable income stream. The strong tenant base ensures consistent rental income, minimizing vacancy risk and maximizing return on investment. The property's strategic location offers unmatched exposure to a large volume of daily traffic, providing optimal visibility for businesses operating within the building. This makes it an ideal location for businesses seeking high foot traffic and convenient accessibility for their clientele. The property's size and configuration are well-suited for a variety of medical or commercial uses, offering flexibility for future growth and adaptation. This is a rare opportunity to acquire a fully leased, high-traffic commercial property in a thriving Michigan market. The asking price is $1,199,000. Serious inquiries only.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Total area
6,662 SF
Lot
0.92 ac (40,075 SF)
Zoning code
R01
APN
41-17-22-476-036
UPID
US43-0922549
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Medical Clinic
-
Home Health Care Service Nursing Home
-
Physician
-
Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$455k
Owner & transaction history
since 2025
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
R01 · Wyoming, MI
Top alternative use upside
Retail stores
$540,000
+19.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$455k
Value range
$410k – $501k
±10% around blend
Estimated value / SF
$68 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$410k
blend $455k
$501k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,662 SF
Lot area
0.92 ac
Year built
1988
Stories
1
APN
41-17-22-476-036
Assessed value
$458,200
Annual tax
$25,027
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$588k
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.7 mi away · 4,822 SF
4.0 mi away · 6,840 SF
4.3 mi away · 8,400 SF
4.3 mi away · 5,999 SF
4.4 mi away · 5,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$455k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$68
+0%
Submarket 113 sales
$78
-13%
County 593 sales
$82
-17%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $68/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+19%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.04M
Move the market yield to see immediate price impact.
Value / SF
$156
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$66k
$1.31M
$936k
$728k
$73k
$1.46M
$1.04M
$809k
$80k
$1.60M
$1.14M
$890k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$500k
2.1 mi · Dec 2025 · $64/SF
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$25,027
Tax year 2021
Assessed value
$458,200
Assessed 2023
Previous assessed
$439,700
+4.2% YoY
Effective rate
5.46%
On assessed value
Total market value
$916,400
Applied tax rate
93.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
6,662 SF
Lot
0.92 ac (40,075 SF)
Zoning code
R01
APN
41-17-22-476-036
UPID
US43-0922549
Jurisdiction
KENT
Zoning & alternative use
R01 · Wyoming, MIZoning R01 · permitted uses
R01 · Wyoming, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.92 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R01
Jurisdiction
Wyoming, MI
Recorded code
R01
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R01 in Wyoming, MI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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