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Property profile & analytics
OFF-MARKET
Individual retail properties
232 Cedar St Manistique, MI 49854-1426
Individually Owned
Absentee Owner
Free & Clear
Property ID
US43-3188398
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1917
Total area
2,180 SF
Lot
0.06 ac (2,614 SF)
Zoning code
B1 RES BUSINESS
APN
051-003-005-00
UPID
US43-3188398
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
DAVID A ASHLEY N WINKEL
DAVID A ASHLEY N WINKEL
Zoning & alternative use
B1 RES BUSINESS · Manistique, 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 Manistique submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manistique 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,698
Tax year 2021
Assessed value
$35,400
Assessed 2023
Previous assessed
$35,400
+0.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$4,900
Assessed improvement
$30,500
Land market value
$9,800
Improvement market value
$61,000
Total market value
$70,800
Applied tax rate
51.0000
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
1917
Heating
FORCED AIR
Stories
1
Total area
2,180 SF
Lot
0.06 ac (2,614 SF)
Zoning code
B1 RES BUSINESS
APN
051-003-005-00
UPID
US43-3188398
Jurisdiction
SCHOOLCRAFT
Zoning & alternative use
B1 RES BUSINESS · Manistique, MI
Zoning B1 RES BUSINESS · permitted uses
B1 RES BUSINESS · Manistique, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manistique. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1917
Heating
FORCED AIR
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
DAVID A ASHLEY N WINKEL
Individual
Free & Clear · 0 yrs held
Mailing address
560 ALGER AVE, MANISTIQUE, MI 49854-1163
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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