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Property profile & analytics
FOR SALE
Automotive properties
2005 E Michigan Ave Jackson, MI 49202
Individually Owned
5-yr Hold
Free & Clear
Property ID
US43-4648025
For Sale
$465,000
2005 E Michigan Ave, Jackson, MI 49202
View Listing →
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1985
Total area
2,916 SF
Lot
0.37 ac (16,030 SF)
Zoning code
C-4
APN
6-080500000
UPID
US43-4648025
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Walter P Niecko JR · 5 yrs held
Walter P Niecko JR
since 2021
Last sale
$155,000
4 recorded transactions
Zoning & alternative use
C-4 · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 28-45. - C-4 general commercial district. The general commercial district is composed of certain land and structures used to provide all types of retail goods and services for the residents of the city and surrounding communities. The district also provides wholesale supply services, warehousing facilities, intracity truck transfer services and limited…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
316.66 ac
Source
code of ordinances
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 Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,989
Tax year 2022
Assessed value
$104,000
Assessed 2023
Previous assessed
$89,400
+16.3% YoY
Effective rate
5.76%
On assessed value
Total market value
$208,000
Applied tax rate
50.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
1985
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,916 SF
Lot
0.37 ac (16,030 SF)
Zoning code
C-4
APN
6-080500000
UPID
US43-4648025
Jurisdiction
JACKSON
Zoning & alternative use
C-4 · Jackson, MIZoning C-4 · permitted uses
C-4 · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 28-45. - C-4 general commercial district. The general commercial district is composed of certain land and structures used to provide all types of retail goods and services for the residents of the city and surrounding communities. The district also provides wholesale supply services, warehousing facilities, intracity truck transfer services and limited types of fabrication in support of the central business district and industrial districts. The regulations are intended to encourage development of the district in a manner compatible with its best uses and to protect any abutting residential districts. (Code 1977, § 5.40)
Zone name
General Commercial
General category
COMMERCIAL
Zone area
316.66 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Walter P Niecko JR
Individual
Free & Clear · 5 yrs held
Mailing address
7200 CEMENT CITY RD, BROOKLYN, MI 49230-9110
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
—
Walter P Niecko JR
Walter P Niecko JR
Intrafamily Transfer
related
—
Feb 2, 2018
—
Walter P Niecko JR
Niecko,john A & Walter P JR
Quit Claim Deed
related
—
Aug 28, 2012
$155,000
Walter P Niecko JR.
Phelps,david J
Warranty Deed
—
Oct 13, 2005
$340,000
David J Phelps
Walter P Niecko JR.
Warranty Deed
$281,000 · Fifth Third Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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