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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office buildings
188 Main St, Plymouth, MI 48170-1236
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0523365
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1810
Total area
4,366 SF
Lot
0.3 ac (13,068 SF)
Zoning code
B-3
APN
49-006-01-0252-000
UPID
US43-0523365
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
-
Congdon Enterprises Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$670k
Owner & transaction history
Jj Dev INC · 8 yrs held
Jj Dev INC
since 2018
7 recorded transactions
Zoning & alternative use
B-3 · Plymouth, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$480,000
+13.1%
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 Plymouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plymouth 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
OFFICE BUILDING
$425,000
Current use
COMMERCIAL (GENERAL)
$480,000
Change: +13% · Conversion: Easy
MEDICAL BUILDING
$410,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$153 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$23,926
Tax year 2023
Assessed value
$412,400
Assessed 2024
Previous assessed
$392,900
+5.0% YoY
Effective rate
5.80%
On assessed value
Total market value
$824,800
Applied tax rate
82,100.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1810
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Bathrooms
4
Total area
4,366 SF
Lot
0.3 ac (13,068 SF)
Zoning code
B-3
APN
49-006-01-0252-000
UPID
US43-0523365
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Plymouth, MI
Zoning B-3 · permitted uses
B-3 · Plymouth, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plymouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$480,000
MEDICAL BUILDING
Est. value
$410,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL 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
1810
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Jj Dev INC
Entity
Mailing address
1056 N HOLBROOK ST, PLYMOUTH, MI 48170-1410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2018
$496,165
Jj Dev INC
Deputy Sheriff Of Wayne County|jj Dev INC
Trustees Deed
related
—
Jan 17, 2018
$94,478
186 North Main LLC
Deputy Sheriff Of Wayne County|msic-main LLC
Trustees Deed
related
—
Apr 24, 2017
—
Msic-main LLC
—
Trustees Deed
related
$100,000 · Sadhan Mahanta
Nov 4, 2016
—
Msic-main LLC
—
Deed
related
$475,000 · Jj Dev INC
Aug 19, 2011
$350,000
Msic-main LLC
State Bk
Grant Deed
$25,000 · State Bank
Oct 21, 2010
$338,310
State Bk
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
—
—
Msic-main LLC
—
Deed Of Trust
related
$325,000 · Salloum Living Trust (pt)
—
—
Msic-main LLC
—
Deed Of Trust
related
$475,000 · Jj Dev INC
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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