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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Outlet malls
570 Tanner Lk Rd, Hastings, MI 49058-9229
Individually Owned
Free & Clear
Property ID
US43-4457440
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1975
Total area
17,126 SF
Lot
1.97 ac (85,857 SF)
Zoning code
MU
APN
08-13-014-031-10
UPID
US43-4457440
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
-
Oak Warehouse Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Jeffrey L Piersma
Jeffrey L Piersma
since 2025
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
MU · Hastings, 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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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
$32 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,378
Tax year 2023
Assessed value
$211,900
Assessed 2024
Previous assessed
$211,900
+0.0% YoY
Effective rate
3.01%
On assessed value
Total market value
$423,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Buildings
3
Stories
1
Bathrooms
1
Total area
17,126 SF
Lot
1.97 ac (85,857 SF)
Zoning code
MU
APN
08-13-014-031-10
UPID
US43-4457440
Jurisdiction
BARRY
Zoning & alternative use
MU · Hastings, MI
Zoning MU · permitted uses
MU · Hastings, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
FORCED AIR
Stories
1
Buildings
3
Bathrooms
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Jeffrey L Piersma
Individual
Free & Clear · 0 yrs held
Mailing address
1288 ROSEWOOD ST, JENISON, MI 49428-8193
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$550,000
Jeffrey L Piersma
The Robert G Cove Trust
Warranty Deed
—
Nov 7, 2025
$1,000,000
Hastings Property Management LLC
Jeffrey L Piersma
Warranty Deed
$800,000 · Commercial Bank
Feb 23, 2015
—
Jeffrey L Piersma
Bartlett Paul W SR & Kimberly S
Quit Claim Deed
related
—
Nov 19, 2004
$550,000
Jeffrey L Piersma
Cove,robert G
Grant Deed
—
Aug 10, 2004
—
Robert G Cove
Owner,record
Grant 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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