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Property profile & analytics
OFF-MARKET
Commercial real estate
230 Central Ave, Mackinaw City, MI 49701-9607
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-4032409
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Total area
2,976 SF
Lot
0.17 ac (7,405 SF)
Zoning code
VOMC B1
APN
42-03-12-476-190
UPID
US43-4032409
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
-
Straits Area Dental Dental Office
-
Enchanted Knights (Bike/Boat/Book/etc) Store
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
Lakeview Hotel Mackinaw LLC · 3 yrs held
Lakeview Hotel Mackinaw LLC
since 2023
Last sale
$125,000
4 recorded transactions
Zoning & alternative use
VOMC B1 · Mackinaw City, 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 Mackinaw City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mackinaw City 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
Property tax & assessments
Assessed value
$95,700
Assessed 2023
Previous assessed
$95,700
+0.0% YoY
Assessed land
$6,300
Assessed improvement
$89,400
Land market value
$12,600
Improvement market value
$178,800
Total market value
$191,400
Applied tax rate
15.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Stories
1
Units
1
Total area
2,976 SF
Lot
0.17 ac (7,405 SF)
Zoning code
VOMC B1
APN
42-03-12-476-190
UPID
US43-4032409
Jurisdiction
EMMET
Zoning & alternative use
VOMC B1 · Mackinaw City, MI
Zoning VOMC B1 · permitted uses
VOMC B1 · Mackinaw City, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mackinaw City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lakeview Hotel Mackinaw LLC
Entity
Mailing address
7452 MAIN ST, MACKINAC ISLAND, MI 49701
Ownership since
2023
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 7, 2023
$125,000
Lakeview Hotel Mackinaw LLC
Latocha Christopher & Linda Trust
Warranty Deed
$1,020,000 · First National Bank Of St Ignace
Mar 7, 2023
$125,000
Lakeview Hotel Mackinac LLC
Christopher K Latocha
Warranty Deed
—
Feb 18, 2022
—
Latocha Christopher And Linda Trust
Christopher K Latocha
Quit Claim Deed
related
—
Apr 12, 2010
—
Christopher K Latocha
Christopher K Latocha
Quit Claim Deed
related
$162,400 · Pnc Bank NA
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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