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Property profile & analytics
OFF-MARKET
Commercial real estate
2333 Us Hwy 41st S Marquette, MI 49855-9123
Individually Owned
16-yr Hold
Free & Clear
Property ID
US43-2249285
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
1,036 SF
Lot
0.4 ac (17,424 SF)
Zoning code
C
APN
52-02-201-002-00
UPID
US43-2249285
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
Thomas W Ruprecht · 16 yrs held
Thomas W Ruprecht
since 2010
1 recorded transaction
Zoning & alternative use
C · Marquette, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the Civic district is to permit flexible development andapprovalstandards for properties used by non City public institutions, including Marquette County, the State of Michigan, Northern Michigan University and other public education institutions, U,S, Coast Guard and other Federal agencies
Zone name
Civic District
General category
CIVIC_INSTITUTIONAL
Zone area
1,051.18 ac
Source
Realmo
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 Marquette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marquette 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,048
Tax year 2023
Assessed value
$95,500
Assessed 2023
Previous assessed
$91,400
+4.5% YoY
Effective rate
4.24%
On assessed value
Total market value
$191,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
1,036 SF
Lot
0.4 ac (17,424 SF)
Zoning code
C
APN
52-02-201-002-00
UPID
US43-2249285
Jurisdiction
MARQUETTE
Zoning & alternative use
C · Marquette, MIZoning C · permitted uses
C · Marquette, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the Civic district is to permit flexible development andapprovalstandards for properties used by non City public institutions, including Marquette County, the State of Michigan, Northern Michigan University and other public education institutions, U,S, Coast Guard and other Federal agencies
Zone name
Civic District
General category
CIVIC_INSTITUTIONAL
Zone area
1,051.18 ac
Source
Realmo
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Thomas W Ruprecht
Individual
Free & Clear · 16 yrs held
Mailing address
PO BOX 171, MARQUETTE, MI 49855-0171
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2010
—
Thomas W Ruprecht
Thomas W Ruprecht
Warranty Deed
related
—
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
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