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Property profile & analytics
OFF-MARKET
Schools
501 Un St Eaton Rapids, MI 48827-1368
Individually Owned
Free & Clear
Property ID
US43-2212199
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1962
Total area
36,088 SF
Lot
11.14 ac (485,258 SF)
Zoning code
RD1
APN
300 034 400 300 00
UPID
US43-2212199
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
-
Greyhound Early Learning Center Daycare Center Foster Care Service
-
Top Notch Driving Academy Training Center Vocational School
-
Union Street Center Community Center
-
Eaton Rapids Chamber-Commerce Business Service Center Advocacy Group
-
Lisa's Island Dance Centre Training Center
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
Eaton Regional Edu Svc Agcy A Mi In
Eaton Regional Edu Svc Agcy A Mi In
since 2025
1 recorded transaction
Zoning & alternative use
RD1 · Eaton Rapids, 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 Eaton Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eaton Rapids 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
$2,220
Tax year 2023
Assessed value
$211,700
Assessed 2024
Previous assessed
$187,300
+13.0% YoY
Effective rate
1.05%
On assessed value
Total market value
$423,400
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Stories
1
Total area
36,088 SF
Lot
11.14 ac (485,258 SF)
Zoning code
RD1
APN
300 034 400 300 00
UPID
US43-2212199
Jurisdiction
EATON
Zoning & alternative use
RD1 · Eaton Rapids, MI
Zoning RD1 · permitted uses
RD1 · Eaton Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eaton Rapids. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
FORCED AIR
Stories
1
Lot
11.14 ac
Current owner
From public records · entity-resolved
Eaton Regional Edu Svc Agcy A Mi In
Individual
Free & Clear · 0 yrs held
Mailing address
912 GREYHOUND DR, EATON RAPIDS, MI 48827-2620
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$125,000
Eaton Regional Edu Svc Agcy A Mi In
Eaton Rapids School Dist Eaton & In
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.
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