Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$405,000
Retail space
206 Main Cedar Springs, MI 49319-9709
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-1932282
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1943
Total area
3,600 SF
Lot
1.19 ac (51,967 SF)
Zoning code
B-3
APN
41-03-30-151-031
UPID
US43-1932282
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
$405k
Owner & transaction history
206 North Main Street LLC · 4 yrs held
206 North Main Street LLC
since 2021
2 recorded transactions
Zoning & alternative use
B-3 · Cedar Springs, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DIVISION 10. - HIGHWAY BUSINESS (B-3) Sec. 32-392. - Purpose. This zoning district is intended to provide for an orderly and concentrated development of business primarily along Main Street as designated in the city master plan in order to serve the needs of the motoring public and local residents. A wide range of retail, service, office, governmental, and i…
Zone name
Highway Business
General category
COMMERCIAL
Zone area
63.83 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 Cedar Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Springs 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
Blend value · Realmo final
$405k
Range $365k – $446k · ±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
$113 / 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
$184,400
Assessed 2024
Previous assessed
$171,900
+7.3% YoY
Total market value
$368,800
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1943
Buildings
2
Stories
1
Total area
3,600 SF
Lot
1.19 ac (51,967 SF)
Zoning code
B-3
APN
41-03-30-151-031
UPID
US43-1932282
Jurisdiction
KENT
Zoning & alternative use
B-3 · Cedar Springs, MIZoning B-3 · permitted uses
B-3 · Cedar Springs, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DIVISION 10. - HIGHWAY BUSINESS (B-3) Sec. 32-392. - Purpose. This zoning district is intended to provide for an orderly and concentrated development of business primarily along Main Street as designated in the city master plan in order to serve the needs of the motoring public and local residents. A wide range of retail, service, office, governmental, and institutional uses are permitted. (Code 2009, § 40-340; Ord. No. 53-A, § 15.01, 8-16-1982; Ord. No. 216 , § 1(40-340), 5-14-2019)
Zone name
Highway Business
General category
COMMERCIAL
Zone area
63.83 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1943
Stories
1
Buildings
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
206 North Main Street LLC
Entity
Free & Clear · 4 yrs held
Mailing address
801 W BIG BEAVER RD STE #402, TROY, MI 48084-4759
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
—
206 North Main Street LLC
—
Deed
related
$530,000 · Bank Michigan
Nov 4, 2021
—
206 North Main Street LLC
Mallard S Construction Services LLC
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 206 Main?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
