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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Office buildings
202 Ctr St Douglas, MI 49406-5112
Entity Owned
Free & Clear
Property ID
US43-2715035
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
4,382 SF
Lot
0.29 ac (12,763 SF)
Zoning code
C-2 GEN COMM
APN
59-600-003-40
UPID
US43-2715035
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
-
Shoreline, Realtors® an affiliate of Jaqua, Realtors Real Estate Agency
-
Jaqua, Realtors Real Estate Agency
-
Rob Joon Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$631k
Blend (final)
Blend
$710k
Owner & transaction history
DANJO PROPERTIES LLC
DANJO PROPERTIES LLC
Zoning & alternative use
C-2 GEN COMM · Douglas, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$555,000
+30.2%
Commercial (general)
$475,000
+11.7%
Warehouse, storage
$430,000
+1.3%
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 Douglas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Douglas 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%
$860,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
RETAIL STORES
$555,000
Change: +30% · Conversion: Moderate
COMMERCIAL (GENERAL)
$475,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$430,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$162 / 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
Assessed value
$297,500
Assessed 2024
Previous assessed
$278,200
+6.9% YoY
Assessed land
$67,000
Assessed improvement
$230,500
Land market value
$134,000
Improvement market value
$461,000
Total market value
$595,000
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
Heating
FORCED AIR
Buildings
3
Stories
1
Bathrooms
2
Total area
4,382 SF
Lot
0.29 ac (12,763 SF)
Zoning code
C-2 GEN COMM
APN
59-600-003-40
UPID
US43-2715035
Jurisdiction
ALLEGAN
Zoning & alternative use
C-2 GEN COMM · Douglas, MI
Zoning C-2 GEN COMM · permitted uses
C-2 GEN COMM · Douglas, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Douglas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$475,000
WAREHOUSE, STORAGE
Est. value
$430,000
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
Heating
FORCED AIR
Stories
1
Buildings
3
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
DANJO PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 430, DOUGLAS, MI 49406-0430
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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