New search
Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Assisted living facilities
5905 Edson St 17, Haslett, MI 48840-8422
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1538531
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1970
Total area
4,568 SF
Lot
0.4 ac (17,424 SF)
Zoning code
RN
APN
33-02-02-10-227-012
UPID
US43-1538531
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
-
Divine Life Assisted Living Center of Haslett East Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Avs Holdings 1 LLC · 5 yrs held
Avs Holdings 1 LLC
since 2020
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
RN · Haslett, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$600,000
+150.7%
Commercial (general)
$485,000
+101.7%
Auto repair, garage
$475,000
+97.4%
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 Haslett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haslett 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
$705,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$600,000
Change: +151% · Conversion: Difficult
COMMERCIAL (GENERAL)
$485,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: +97% · Conversion: Difficult
MEDICAL BUILDING
$445,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$395,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $600k (Sep 29 2020)
Last sale anchor
$600k
Sep 29 2020
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
$142 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$7,072
Tax year 2019
Assessed value
$194,300
Assessed 2023
Previous assessed
$145,500
+33.5% YoY
Effective rate
3.64%
On assessed value
Assessed land
$26,100
Assessed improvement
$168,200
Land market value
$52,200
Improvement market value
$336,400
Total market value
$388,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1970
Heating
YES
Stories
1
Total area
4,568 SF
Lot
0.4 ac (17,424 SF)
Zoning code
RN
APN
33-02-02-10-227-012
UPID
US43-1538531
Jurisdiction
INGHAM
Zoning & alternative use
RN · Haslett, MI
Zoning RN · permitted uses
RN · Haslett, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Haslett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$475,000
MEDICAL BUILDING
Est. value
$445,000
RETAIL STORES
Est. value
$395,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
YES
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Avs Holdings 1 LLC
Entity
Mailing address
2045 BIRCH BLF DR, OKEMOS, MI 48864-5965
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2020
$600,000
Avs Holdings 1 LLC
B & H Green Enterprises LLC
Warranty Deed
—
Jan 31, 2012
—
Howard Green
Kenyon Properties LLC
Warranty Deed
—
Sep 15, 2006
—
Kenyon Properties LLC
Kenyon,donald E & Lois A
Quit Claim Deed
related
—
—
—
Howard Green
—
Deed Of Trust
related
$275,000 · Carl D Mcdaniel
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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