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Property profile & analytics
OFF-MARKET
Estimated value
$235,000
Office buildings
3193 Mack Is Rd Grass Lake, MI 49240-9324
Individually Owned
7-yr Hold
Free & Clear
Property ID
US43-1303750
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
3,852 SF
Lot
6.54 ac (284,882 SF)
Zoning code
R-1
APN
000-15-19-426-011-00
UPID
US43-1303750
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
-
Butterfield Landing Marina Marina
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$235k
Owner & transaction history
Kenneth L Merklinger · 7 yrs held
Kenneth L Merklinger
since 2019
3 recorded transactions
Zoning & alternative use
R-1 · Grass Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
hereby divided into zones or districts as shown on the official Zoning Map, and shall include the following zoning districts. (A) Traditional zoning districts. MU-1 Municipal Utilities District OS-1 Open Space District R-1 Single-Family Residential District R-2 Two-Family Residential District RM-1 Multiple-Family Residential District (B) Form-based code dist…
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
392.51 ac
Source
CHAPTER 154: ZONING CODE
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 Grass Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grass Lake 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
Blend value · Realmo final
$235k
Range $212k – $259k · ±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
$61 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,060
Tax year 2022
Assessed value
$120,700
Assessed 2023
Previous assessed
$118,700
+1.7% YoY
Effective rate
1.71%
On assessed value
Total market value
$241,400
Applied tax rate
9.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
3,852 SF
Lot
6.54 ac (284,882 SF)
Zoning code
R-1
APN
000-15-19-426-011-00
UPID
US43-1303750
Jurisdiction
JACKSON
Zoning & alternative use
R-1 · Grass Lake, MIZoning R-1 · permitted uses
R-1 · Grass Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
hereby divided into zones or districts as shown on the official Zoning Map, and shall include the following zoning districts. (A) Traditional zoning districts. MU-1 Municipal Utilities District OS-1 Open Space District R-1 Single-Family Residential District R-2 Two-Family Residential District RM-1 Multiple-Family Residential District (B) Form-based code districts. CBD Central Business District CM Church/Maple Street District GC General Co
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
392.51 ac
Source
CHAPTER 154: ZONING CODE
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
6.54 ac
Current owner
From public records · entity-resolved
Kenneth L Merklinger
Individual
Free & Clear · 7 yrs held
Mailing address
3193 MACK IS RD, GRASS LAKE, MI 49240-9324
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2019
—
Kenneth L Merklinger
Merklinger,peggy L & Kenneth L
Quit Claim Deed
related
—
Jun 4, 2019
—
Peggy Merklinger
Merklinger,peggy
Quit Claim Deed
related
—
May 7, 2010
—
Peggy Butterfield
Butterfield,peggy A
Quit Claim Deed
—
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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