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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
168 Main St Brooklyn, MI 49230-8588
Entity Owned
21-yr Hold
Free & Clear
Property ID
US43-4275079
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
8,844 SF
Lot
0.73 ac (31,755 SF)
Zoning code
C-2
APN
000-19-24-481-001-01
UPID
US43-4275079
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
-
The Healthy Vibe Restaurant
-
MST Dance Center Training Center
-
Brooklyn Eye Center Physician
-
Milestone Realty Powered by Front Street Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$498k
Blend (final)
Blend
$505k
Owner & transaction history
Brooklyn 168 Associates LLC · 21 yrs held
Brooklyn 168 Associates LLC
since 2005
1 recorded transaction
Zoning & alternative use
C-2 · Brooklyn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$745,000
+23.9%
Medical building
$725,000
+20.6%
Office building
$655,000
+9.2%
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 Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$600,000
Current use
RESTAURANT
$745,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$725,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$655,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$595,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$500,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$57 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,942
Tax year 2022
Assessed value
$197,000
Assessed 2023
Previous assessed
$193,600
+1.8% YoY
Effective rate
4.54%
On assessed value
Total market value
$394,000
Applied tax rate
41.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
8,844 SF
Lot
0.73 ac (31,755 SF)
Zoning code
C-2
APN
000-19-24-481-001-01
UPID
US43-4275079
Jurisdiction
JACKSON
Zoning & alternative use
C-2 · Brooklyn, MI
Zoning C-2 · permitted uses
C-2 · Brooklyn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$600,000
RESTAURANT
Est. value
$745,000
MEDICAL BUILDING
Est. value
$725,000
OFFICE BUILDING
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$500,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1960
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Brooklyn 168 Associates LLC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 1855, JACKSON, MI 49204-1855
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2005
$325,000
Brooklyn 168 Associates LLC
Edward B Davenport
Warranty 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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