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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
2487 Michigan Rd Eaton Rapids, MI 48827-8252
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-0822188
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
8,870 SF
Lot
14.45 ac (629,442 SF)
Zoning code
C2
APN
120 026 300 031 00
UPID
US43-0822188
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
-
NICOL LAW PLLC Law Firm Child Welfare Organization
-
Denise S. Colestock, DC Alternative Medicine Practice
-
Colestock Family Chiropractic Alternative Medicine Practice
-
Capstone Family Practice, PLLC Pediatrician Physician
-
Grand River Counseling Center Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$685k
Owner & transaction history
Eaton Rapids Community Christian Ch · 11 yrs held
Eaton Rapids Community Christian Ch
since 2014
7 recorded transactions
Zoning & alternative use
C2 · Eaton Rapids, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$965,000
+40.4%
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 Eaton Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eaton Rapids 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
COMMERCIAL (GENERAL)
$965,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$77 / 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
Tax billed
$16
Tax year 2023
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
8,870 SF
Lot
14.45 ac (629,442 SF)
Zoning code
C2
APN
120 026 300 031 00
UPID
US43-0822188
Jurisdiction
EATON
Zoning & alternative use
C2 · Eaton Rapids, MI
Zoning C2 · permitted uses
C2 · Eaton Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eaton Rapids. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$965,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
14.45 ac
Current owner
From public records · entity-resolved
Eaton Rapids Community Christian Ch
Individual
Mailing address
2487 S MICHIGAN RD, EATON RAPIDS, MI 48827-8252
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2014
$149,900
Eaton Rapids Community Christian Ch
30699-3 LLC
Warranty Deed
$104,930 · Ssbbank
Dec 23, 2013
—
30699 3 LLC
30699 2 Assets LLC
Quit Claim Deed
related
—
Dec 26, 2012
—
30699-2 Assets LLC
Velocity Commercial Capital LLC
Quit Claim Deed
related
—
Jul 9, 2012
$137,432
Velocity Commercial Capital LLC
745 Special Assets LLC
Quit Claim Deed
related
—
May 31, 2012
—
Velocity Commercial Capital LLC
745 Special Assets LLC
Quit Claim Deed
related
—
Jan 10, 2008
—
745 Special Assets LLC
Lehman Brothers Bank Fsb
Quit Claim Deed
related
—
Nov 8, 2007
$630,000
Lehman Brothers Bank Fsb
Lange Ltd LLC
Sheriffs 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.
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