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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Distribution centers
3517 Scheele Dr Jackson, MI 49202-1217
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-0807840
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Total area
26,064 SF
Lot
3 ac (130,680 SF)
Zoning code
I-1
APN
000-08-29-129-006-00
UPID
US43-0807840
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
-
Jackson Area Manufacturers Association Charitable Organization Social Service Agency
-
Automated Logistics Systems Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
$3.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
Jackson Area Manufacturers Associat · 2 yrs held
Jackson Area Manufacturers Associat
since 2024
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
I-1 · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+121.3%
Retail stores
$2.3M
+119.1%
Medical building
$2.2M
+109.8%
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 Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson 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
$2,500,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
$3,665,000
6.5%
$3,385,000
7%
$3,140,000
Alternative Use
Use
Estimation
RESTAURANT
$2,325,000
Change: +121% · Conversion: Difficult
RETAIL STORES
$2,300,000
Change: +119% · Conversion: Moderate
MEDICAL BUILDING
$2,205,000
Change: +110% · Conversion: Difficult
OFFICE BUILDING
$1,835,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,655,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.50M (Mar 6 2024)
Last sale anchor
$2.50M
Mar 6 2024
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
$96 / 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
$17,434
Tax year 2022
Assessed value
$341,300
Assessed 2023
Previous assessed
$341,300
+0.0% YoY
Effective rate
5.11%
On assessed value
Total market value
$682,600
Applied tax rate
1.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
26,064 SF
Lot
3 ac (130,680 SF)
Zoning code
I-1
APN
000-08-29-129-006-00
UPID
US43-0807840
Jurisdiction
JACKSON
Zoning & alternative use
I-1 · Jackson, MI
Zoning I-1 · permitted uses
I-1 · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jackson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1979
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
3 ac
Current owner
From public records · entity-resolved
Jackson Area Manufacturers Associat
Individual
Free & Clear · 2 yrs held
Mailing address
2545 SPG ARBOR RD, JACKSON, MI 49203-3793
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
$2,500,000
Jackson Area Manufacturers Associat
Lakeshore Family Partners Real Esat
Warranty Deed
—
Oct 4, 2023
—
Lakeshore Family Partners Re LLC
Eleven Investments LLC
Warranty Deed
$1,440,000 · County National Bank
Jul 6, 2010
$600,000
Eleven Investments LLC
Jogalloup Co
Warranty Deed
$480,000 · Comerica Bank
—
—
Eleven Investments LLC
—
Loan Modification
related
$1,425,000 · Comerica Bank
—
—
Eleven Investments LLC
—
Loan Modification
related
$480,000 · No Lender On Document
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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