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Property profile & analytics
OFF-MARKET
Commercial real estate
50680 28th Ave, Bangor, MI 49013-9710
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-2202398
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
22.5 ac (980,100 SF)
Zoning code
AG
APN
80-03-003-001-00
UPID
US43-2202398
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
50680 28th Avenue LLC · 1 yrs held
50680 28th Avenue LLC
since 2024
7 recorded transactions
Zoning & alternative use
AG · Bangor, 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 Bangor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bangor 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 2020Property tax & assessments
Tax year 2020
Assessed value
$266,000
Assessed 2024
Previous assessed
$266,000
+0.0% YoY
Total market value
$532,000
Applied tax rate
80,030.0000
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
Heating
NONE
Lot
22.5 ac (980,100 SF)
Zoning code
AG
APN
80-03-003-001-00
UPID
US43-2202398
Jurisdiction
VAN BUREN
Zoning & alternative use
AG · Bangor, MI
Zoning AG · permitted uses
AG · Bangor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bangor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
22.5 ac
Current owner
From public records · entity-resolved
50680 28th Avenue LLC
Entity
Mailing address
1615 S TELEGRAPH RD STE #300, BLOOMFIELD HILLS, MI 48302-0065
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
—
50680 28th Avenue LLC
—
Deed
related
—
Sep 9, 2024
—
50680 28th Avenue LLC
Axon Properties LLC
Correction Deed
related
—
Mar 11, 2021
—
50680 28th Avenue LLC
Axon Properties LLC
Quit Claim Deed
related
—
Sep 10, 2020
—
Axon Properties LLC
50680 28th Ave LLC
Deed
—
Feb 14, 2020
—
50680 28th Ave LLC
—
Deed
related
$387,500 · Michigan Real Estate Development LLC
Mar 13, 2019
—
50680 28th Ave LLC
Trinity Blueberry Farms LLC
Warranty Deed
—
Mar 6, 2012
—
Trinity Blueberry Farms LLC
Daniel Richard Stafford
Quit Claim Deed
related
$128,100 · Greenstone Farm Credit Services Flc
Jul 21, 2011
$182,500
Daniel Richard Stafford
Larry F Blackston
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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