Entity Owned Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
8,238 SF
Lot
1.43 ac (62,291 SF)
Zoning code
PO
APN
33-02-02-09-426-002
UPID
US43-0133350
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Land Surveyor Civil Engineer
-
Courier Service Postal Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$860k
Owner & transaction history
since 2024
Last sale
$860,000
1 recorded transaction
Zoning & alternative use
PO · Haslett, MI
Top alternative use upside
Medical building
$1.0M
+32.1%
Restaurant
$960,000
+25.0%
Commercial (general)
$940,000
+22.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$860k
Value range
$774k – $946k
±10% around blend
Estimated value / SF
$104 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
40
$774k
blend $860k
$946k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,238 SF
Lot area
1.43 ac
Year built
1950
Stories
2
APN
33-02-02-09-426-002
Zoning
PO
Assessed value
$392,300
Annual tax
$21,662
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.14M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.24M
@ 6.5% CAP return
$1.14M
@ 7% CAP return
$1.06M
4
Sales comparison
Partial preview
Sales approach indication
$655k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.9 mi away · 6,204 SF
15.8 mi away · 8,852 SF
19.8 mi away · 10,230 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$860k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 168 sales
$93
+12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $104/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+32%
vs current-use indication
Restaurant
Commercial (general)
Auto Repair, Garage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
8.60%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.60%
9.0%
NOI (est.)
$60k *
Last sale · Nov 2024
$860k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$700k
Move the market yield to see immediate price impact.
Value / SF
$85
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.10%8.60%9.10%
$54k
$669k
$630k
$595k
$60k
$743k
$700k
$662k
$66k
$818k
$770k
$728k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$633k
3.3 mi · Mar 2026 · $71/SF
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$21,662
Tax year 2019
Assessed value
$392,300
Assessed 2023
Previous assessed
$368,500
+6.5% YoY
Effective rate
5.52%
On assessed value
Assessed land
$85,700
Assessed improvement
$306,600
Land market value
$171,400
Improvement market value
$613,200
Total market value
$784,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Heating
YES
Stories
2
Total area
8,238 SF
Lot
1.43 ac (62,291 SF)
Zoning code
PO
APN
33-02-02-09-426-002
UPID
US43-0133350
Jurisdiction
INGHAM
Zoning & alternative use
PO · Haslett, MIZoning PO · permitted uses
PO · Haslett, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
YES
Stories
2
Lot
1.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PO
Jurisdiction
Haslett, MI
Recorded code
PO
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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