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Property profile & analytics
OFF-MARKET
Estimated value
$2,560,000
Strip malls
1640 Haslett Rd Haslett, MI 48840-8691
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-5290861
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
18,260 SF
Lot
1.9 ac (82,938 SF)
Zoning code
C-2
APN
33-02-02-10-403-004
UPID
US43-5290861
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
-
International Snowmobile Manufacturers Association Association / Organization
-
Changes Hair Design - Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Changes Hair Design Hair Salon
-
Mahabir Wellness Mental Health Service Skin Care Clinic
-
The Smooth Mitten Skin Care and Waxing Spa Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.71M
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.56M
Owner & transaction history
701 Partners LLC · 4 yrs held
701 Partners LLC
since 2021
Last sale
$2.3M
3 recorded transactions
Zoning & alternative use
C-2 · Haslett, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+92.1%
Restaurant
$2.1M
+81.7%
Commercial (general)
$2.1M
+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
$2,990,000
ML approach
$2,710,000
CAP Approach
CAP Return
Estimation
6%
$2,700,000
6.5%
$2,490,000
7%
$2,315,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,250,000
Change: +92% · Conversion: Difficult
RESTAURANT
$2,130,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,085,000
Change: +78% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,840,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$1,705,000
Change: +45% · Conversion: Moderate
Blend value · Realmo final
$2.56M
Range $2.30M – $2.82M · ±10% · vs last sale $2.30M (Oct 6 2021)
Last sale anchor
$2.30M
Oct 6 2021
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
$140 / 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
$36,168
Tax year 2019
Assessed value
$611,300
Assessed 2023
Previous assessed
$568,300
+7.6% YoY
Effective rate
5.92%
On assessed value
Assessed land
$145,100
Assessed improvement
$466,200
Land market value
$290,200
Improvement market value
$932,400
Total market value
$1,222,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
YES
Stories
1
Total area
18,260 SF
Lot
1.9 ac (82,938 SF)
Zoning code
C-2
APN
33-02-02-10-403-004
UPID
US43-5290861
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
MEDICAL BUILDING
Est. value
$2.3M
RESTAURANT
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1988
Heating
YES
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
701 Partners LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2611 LITTLE HICKORY DR, LANSING, MI 48911-8438
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
$2,300,000
701 Partners LLC
Haslett Commerce Center LLC
Warranty Deed
—
Jan 2, 2019
—
Haslett Commerce Center LLC
—
Grant Deed
related
$1,690,000 · Independent Bk
Jan 20, 2004
$2,400,000
Haslett Commerce Center LLC
Real Estate Dev Service INC
Grant 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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