Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$225,000
Retail space
51 Michigan W Ave Battle Creek, MI 49017-3641
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US43-2174080
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
7,814 SF
Lot
0.12 ac (5,227 SF)
Zoning code
T5
APN
8750-00-003-0
UPID
US43-2174080
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
-
The Energy Nook Sports Nutrition Store Vitamin & Supplements Store
-
Bread & Basket Marketplace (Bike/Boat/Book/etc) Store
-
Thomas Kinkade Gallery and Gifts of Battle Creek Art Gallery Art Dealer
-
Kellogg Community Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$225k
Owner & transaction history
Kellogg Community Federal Credit Un · 16 yrs held
Kellogg Community Federal Credit Un
since 2010
2 recorded transactions
Zoning & alternative use
T5 · Battle Creek, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
HIGH DENSITY MULTIPLE FAMILY DISTRICT. 1240.11 B-1 CORRIDOR COMMERCIAL DISTRICT. 1240.12 B-2 REGIONAL COMMERCIAL DISTRICT. 1240.13 T-3 NEIGHBORHOOD COMMERCIAL DISTRICT. 1240.14 T-4 DOWNTOWN COMMERCIAL DISTRICT. 1240.15 T-5 CORE DOWNTOWN COMMERCIAL DISTRICT. 1240.16 I-1 LIGHT INDUSTRIAL DISTRICT. 1240.17 I-2 HEAVY INDUSTRIAL DISTRICT. 1240.18 S SPARK DISTRICT…
Zone name
Core Downtown Commercial
General category
COMMERCIAL
Zone area
40.52 ac
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 Battle Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Battle Creek 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
$225k
Range $203k – $248k · ±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
$29 / 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
Assessed value
$203,348
Assessed 2024
Previous assessed
$192,029
+5.9% YoY
Total market value
$406,696
Applied tax rate
13,020.0000
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
1950
Heating
FORCED AIR
Stories
1
Total area
7,814 SF
Lot
0.12 ac (5,227 SF)
Zoning code
T5
APN
8750-00-003-0
UPID
US43-2174080
Jurisdiction
CALHOUN
Zoning & alternative use
T5 · Battle Creek, MIZoning T5 · permitted uses
T5 · Battle Creek, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
HIGH DENSITY MULTIPLE FAMILY DISTRICT. 1240.11 B-1 CORRIDOR COMMERCIAL DISTRICT. 1240.12 B-2 REGIONAL COMMERCIAL DISTRICT. 1240.13 T-3 NEIGHBORHOOD COMMERCIAL DISTRICT. 1240.14 T-4 DOWNTOWN COMMERCIAL DISTRICT. 1240.15 T-5 CORE DOWNTOWN COMMERCIAL DISTRICT. 1240.16 I-1 LIGHT INDUSTRIAL DISTRICT. 1240.17 I-2 HEAVY INDUSTRIAL DISTRICT. 1240.18 S SPARK DISTRICT. 1240.19 OFFICIAL ZONING MAP AND INTERPRETATION. 1240.20 DISTRICT BOUNDARY UNCERT
Zone name
Core Downtown Commercial
General category
COMMERCIAL
Zone area
40.52 ac
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Kellogg Community Federal Credit Un
Individual
Mailing address
PO BOX 140, BATTLE CREEK, MI 49016-0140
Ownership since
2010
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
Feb 26, 2010
—
Kellogg Community Federal Credit Un
Fields Unlimited LLC
Warranty Deed
—
Jun 15, 2005
$199,000
Fields Unlimited LLC
United Arts Council Of Calhoun Coun
Warranty Deed
$240,000 · Fifth Third Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 51 Michigan W Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
