Realmo Analytics

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Property profile

175 2Nd St Belleville, MI 48111

FOR SALE
Medical Office Space
Property ID
US43-0555709
2,736 SF 0.25 ac lot Built 1904
Last sale Oct 2010 · $22,000
Individually Owned Owner of record is an individual. 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A two-story commercial office building with a practical interior layout that includes 10 offices, a conference room, a kitchenette, and 1.1 bathrooms. The building has basement space for storage. The property was fully remodeled down to the studs in 2011, with new plumbing, electrical, flooring, and paint, and it features a roof replacement completed in 2018. Exterior access is supported by an on-site parking lot, with an additional lot included to extend parking capacity. The property is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$119k
Effective rate4.80%

Value estimate

· Oct 2026
$210k
$189k – $231k
NOI build-up
Gross scheduled income$16k
Vacancy & credit loss−$4k
Operating expenses−$3k
NOI · 2.36% cap applied$9k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$94/SF
County average, outlier-cleaned · 234 recorded sales of this use type
Observed band · Q1–Q3$63 – $135
Qualifying comparables12

Cap rate analysis

How does the asset earn?
2.36%
$9k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.0
Plumbing Service9.5
Law Firm9.4

Location

175 2Nd St Belleville, MI 48111
County assessor Recorded deeds · 4 transfers 12 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 15 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
35 Main, Belleville, MI 48111-3286 $390,000 Jan 2025 2,460 SF
25 Owen, Belleville, MI 48111-2921 $320,000 Sep 2022 4,985 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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