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Property profile & analytics
OFF-MARKET
Commercial real estate
460 Covered Vlg Belding, MI 48809-1665
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2368163
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1967
Total area
517 SF
Lot
0.01 ac (523 SF)
Zoning code
B-1
APN
34-403-200-000-070-00
UPID
US43-2368163
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
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
Mariana Arellano · 11 yrs held
Mariana Arellano
since 2015
2 recorded transactions
Zoning & alternative use
B-1 · Belding, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
into a required rear yard, and shall not project into a required side yard. In no case shall a porch, deck, balcony or awning be placed closer than five (5) feet to any front or rear lot line, with the exception of the B-1 Community Business District where the porch, deck, balcony or awning may extend to the lot line. C. Any porch, terrace, deck or balcony w…
Zone name
Community Business
General category
COMMERCIAL
Zone area
33.99 ac
Source
pub signs m6cPt
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 Belding submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belding 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
Assessed value
$3,000
Assessed 2023
Total market value
$6,000
Applied tax rate
401.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1967
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
517 SF
Lot
0.01 ac (523 SF)
Zoning code
B-1
APN
34-403-200-000-070-00
UPID
US43-2368163
Jurisdiction
IONIA
Zoning & alternative use
B-1 · Belding, MIZoning B-1 · permitted uses
B-1 · Belding, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
into a required rear yard, and shall not project into a required side yard. In no case shall a porch, deck, balcony or awning be placed closer than five (5) feet to any front or rear lot line, with the exception of the B-1 Community Business District where the porch, deck, balcony or awning may extend to the lot line. C. Any porch, terrace, deck or balcony which is enclosed shall meet the minimum setback requirements of the main building
Zone name
Community Business
General category
COMMERCIAL
Zone area
33.99 ac
Source
pub signs m6cPt
Building & site characteristics
From public records
Year built
1967
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Mariana Arellano
Individual
Free & Clear · 11 yrs held
Mailing address
396 PETTIS AVE SE STE #200, ADA, MI 49301-8715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2015
—
Mariana Arellano
Woodforest Investment Group LLC
Quit Claim Deed
related
—
Aug 31, 2007
—
Lcl Partners LLC
Leppink Development Co
Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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