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Property profile & analytics
OFF-MARKET
Estimated value
$12,000,000
Assisted living facilities
393 Roosevelt E Ave, Battle Creek, MI 49017-3333
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-2018868
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2005
Total area
44,744 SF
Lot
8.54 ac (372,002 SF)
Zoning code
MFR
APN
4330-00-206-0
UPID
US43-2018868
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
-
Dr. Mehmet B. Ismailoglu, MD Physician
-
Pasadena Villa Great Lakes Medical Clinic
-
Childrens Therapy Center Inc Physician
-
Tegulapalle Sivareddy MD Physician
-
Maier Thomas J MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.00M
Owner & transaction history
393 East Roosevelt Avenue Owner LLC · 3 yrs held
393 East Roosevelt Avenue Owner LLC
since 2023
Last sale
$12.0M
5 recorded transactions
Zoning & alternative use
MFR · Battle Creek, 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 Battle Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Battle Creek 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
$15,090,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.00M
Range $10.80M – $13.20M · ±10% · vs last sale $12.00M (Feb 9 2023)
Last sale anchor
$12.00M
Feb 9 2023
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
$268 / 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
Assessed value
$2,146,875
Assessed 2024
Previous assessed
$2,037,690
+5.4% YoY
Total market value
$4,293,750
Applied tax rate
13,120.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Stories
2
Total area
44,744 SF
Lot
8.54 ac (372,002 SF)
Zoning code
MFR
APN
4330-00-206-0
UPID
US43-2018868
Jurisdiction
CALHOUN
Zoning & alternative use
MFR · Battle Creek, MI
Zoning MFR · permitted uses
MFR · Battle Creek, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Battle Creek. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Stories
2
Lot
8.54 ac
Current owner
From public records · entity-resolved
393 East Roosevelt Avenue Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
250 1ST AVE STE #202, NEEDHAM HEIGHTS, MA 02494-2886
Ownership since
2023
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
May 1, 2025
—
393 East Roosevelt Avenue Owner LLC
—
Deed
related
—
Mar 14, 2023
—
393 East Roosevelt Avenue Owner LLC
—
Deed
related
$23,775,000 · Htkf Bank
Feb 9, 2023
$12,000,000
393 East Roosevelt Avenue Owner LLC
393 East Roosevelt Ave Lr LLC
Deed
—
Aug 19, 2021
—
393 East Roosevelt Ave Lr LLC
Fifth Third Ban K National Associat
Deed
$4,523,500 · Northwest Bank
Apr 27, 2016
$3,505,290
Fifth Third Bank
Southwestern Michigan Rehabilitatio
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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