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Property profile & analytics
OFF-MARKET
Retail space
46 Brg St Rockford, MI 49341-1271
Individually Owned
1-yr Hold
Free & Clear
Property ID
US43-1003138
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
2,825 SF
Lot
0.29 ac (12,589 SF)
Zoning code
C-2
APN
41-06-36-454-030
UPID
US43-1003138
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
-
Full Circle Design Studio Home Decor Store Department Store
-
Gather-d Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michigna Coffee Crew Rockford Downt · 1 yrs held
Michigna Coffee Crew Rockford Downt
since 2024
4 recorded transactions
Zoning & alternative use
C-2 · Rockford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended toaccommodate offices, personal services, civic and cultural functions, and convenience (day-to-day) retail for the residents of Rockford and visitors to the community within the city's central activity area..
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
44.00 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 Rockford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockford 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,189
Tax year 2023
Assessed value
$280,000
Assessed 2024
Previous assessed
$280,000
+0.0% YoY
Effective rate
2.21%
On assessed value
Total market value
$560,000
Applied tax rate
79.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
2,825 SF
Lot
0.29 ac (12,589 SF)
Zoning code
C-2
APN
41-06-36-454-030
UPID
US43-1003138
Jurisdiction
KENT
Zoning & alternative use
C-2 · Rockford, MIZoning C-2 · permitted uses
C-2 · Rockford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended toaccommodate offices, personal services, civic and cultural functions, and convenience (day-to-day) retail for the residents of Rockford and visitors to the community within the city's central activity area..
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
44.00 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Michigna Coffee Crew Rockford Downt
Individual
Free & Clear · 1 yrs held
Mailing address
200 MONROE AVE NE, GRAND RAPIDS, MI 49503-2213
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Michigna Coffee Crew Rockford Downt
Last Lion LLC
Lease
—
May 20, 2024
—
Last Lion LLC
Marion E Haight
Warranty Deed
$469,500 · Members 1st FCU
Feb 9, 2018
—
William W Haight JR
Haight,william W JR & Marion E
Quit Claim Deed
related
—
Sep 16, 2004
—
William W Haight JR.
Haight,marion E
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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