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Property profile & analytics
FOR SALE
Automotive properties
2005 E Michigan Ave, Jackson, MI 49202
Individually Owned
4-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 · 4 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
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, MI
Zoning 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
Jackson. Always verify with local authorities before improvements.
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 · 4 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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