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Property profile & analytics
OFF-MARKET
Estimated value
$390,000
Medical Office Space
418 Main St Brooklyn, MI 49230-8977
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-4300876
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2017
Total area
3,574 SF
Lot
2.26 ac (98,402 SF)
Zoning code
C-2
APN
000-19-24-277-005-01
UPID
US43-4300876
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. Rahul R. Amin, DDS Dental Office
-
Gentle Dental Dental Office
-
Dr. Michael J. Schmitt, DDS Dental Office
-
Dr. Steven R. Hoekman, DDS Dental Office
-
Schmitt & Amin DDS, P.C. Gentle Family Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$390k
Owner & transaction history
Schmitt & Amin Real Estate LLC · 6 yrs held
Schmitt & Amin Real Estate LLC
since 2019
3 recorded transactions
Zoning & alternative use
C-2 · Brooklyn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This C-2 district is intended to provide sufficient space in appropriate locations for a wide variety of commercial and office establishment offering accommodations, supplies, and services, generally serving a wide area and located particularly along certain existing major throughfare where a general mixture of commercial and service activity now exists.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
109.06 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 Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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
$390k
Range $351k – $429k · ±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
$109 / 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
$12,198
Tax year 2022
Assessed value
$260,600
Assessed 2023
Previous assessed
$255,700
+1.9% YoY
Effective rate
4.68%
On assessed value
Total market value
$521,200
Applied tax rate
41.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,574 SF
Lot
2.26 ac (98,402 SF)
Zoning code
C-2
APN
000-19-24-277-005-01
UPID
US43-4300876
Jurisdiction
JACKSON
Zoning & alternative use
C-2 · Brooklyn, MIZoning C-2 · permitted uses
C-2 · Brooklyn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This C-2 district is intended to provide sufficient space in appropriate locations for a wide variety of commercial and office establishment offering accommodations, supplies, and services, generally serving a wide area and located particularly along certain existing major throughfare where a general mixture of commercial and service activity now exists.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
109.06 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2017
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Schmitt & Amin Real Estate LLC
Entity
Mailing address
418 N MAIN ST, BROOKLYN, MI 49230-8977
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
Dec 16, 2019
—
Schmitt & Amin Real Estate LLC
—
Deed
related
$705,000 · Bank Of America
Feb 7, 2018
—
Schmitt And Amin Real Estate LLC
—
Deed
related
$1,082,000 · Comerica Bank
—
—
Schmitt & Amin Real Estate LLC
—
Deed Of Trust
related
$705,000 · Bank Of America
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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