Back to Search
Property profile & analytics
OFF-MARKET
Office Units
525 Un St Traverse City, MI 49684-3246
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-2300352
Property summary
AI-generated overview
This office space is located in an office building in Old Town. The building features remodeling with updated flooring, lighting, and paint. The office space is located on the second floor and offers 200 square feet of living area. Shared access to a first-floor lounge and bathroom is included. One on-site parking space is also included. The lot size is 0.13 acres. Fiber internet is available. The property is zoned for commercial use.
Property profile
Verified
Property type
Office Units
Use group
OFFICE BUILDING
Year built
1900
Total area
1,632 SF
Lot
0.13 ac (5,793 SF)
APN
51-618-128-00
UPID
US43-2300352
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
-
Bare Esthetics Alternative Medicine Practice Spa & Massage Center
-
NW Michigan Neurofeedback Alternative Medicine Practice
-
Langer Frank PhD Physician Medical Clinic
-
Susanne E. Glynn, PHD Foster Care Service Social Service Agency
-
David C. Rushlow, LMSW Foster Care Service Social Service Agency
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
525 SOUTH UNION LLC
525 SOUTH UNION LLC
Zoning & alternative use
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 Traverse City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Traverse City 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
$15,005
Tax year 2023
Assessed value
$200,400
Assessed 2023
Previous assessed
$200,400
+0.0% YoY
Effective rate
7.49%
On assessed value
Total market value
$562,956
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
Office Units
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
PACKAGE
Buildings
2
Stories
2
Total area
1,632 SF
Lot
0.13 ac (5,793 SF)
APN
51-618-128-00
UPID
US43-2300352
Jurisdiction
GRAND TRAVERSE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
PACKAGE
Stories
2
Buildings
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
525 SOUTH UNION LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1212 VETERANS DR STE #210, TRAVERSE CITY, MI 49684-4734
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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 525 Un St?
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.
