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Property profile & analytics
OFF-MARKET
Motels
510 2nd St, Pinconning, MI 48650-7013
Individually Owned
1-yr Hold
Property ID
US43-0466607
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1900
Total area
1,354 SF
Lot
0.41 ac (17,860 SF)
Zoning code
GB
APN
180-C05-002-001-00
UPID
US43-0466607
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
Jonathan M Celacks · 1 yrs held
Jonathan M Celacks
since 2025
Last sale
$155,000
7 recorded transactions
Zoning & alternative use
GB · Pinconning, 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 Pinconning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinconning 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
$3,363
Tax year 2023
Assessed value
$48,000
Assessed 2024
Previous assessed
$45,300
+6.0% YoY
Effective rate
7.01%
On assessed value
Total market value
$96,000
Applied tax rate
180.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
1,354 SF
Lot
0.41 ac (17,860 SF)
Zoning code
GB
APN
180-C05-002-001-00
UPID
US43-0466607
Jurisdiction
BAY
Zoning & alternative use
GB · Pinconning, MI
Zoning GB · permitted uses
GB · Pinconning, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pinconning. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Jonathan M Celacks
Individual
Mailing address
1202 W TOWNLINE 16TH RD, PINCONNING, MI 48650-7991
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2025
$155,000
Jonathan M Celacks
Jaxson Holdings LLC
Warranty Deed
$150,350 · Mercantile Bank
Jul 26, 2021
$100,000
Brandy Aspinall
Troy D Mccormick
Warranty Deed
$80,000 · Huron Community Bank
Jul 26, 2021
—
Jaxson Holdings LLC
Brandy Aspinall
Quit Claim Deed
related
—
Jun 6, 2019
—
Troy D Mccormick
Porterfield,holli
Quit Claim Deed
related
—
Jul 19, 2011
—
Douglas Porterfield
Mccormick,troy D
Grant Deed
—
Oct 20, 2010
$40,900
Troy D Mccormick
Ott,janet A
Warranty Deed
—
Dec 26, 2007
—
Janet A Ott
Wirth,kristin R
Warranty 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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