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Property profile & analytics
OFF-MARKET
Office buildings
600 Clark St, Albion, MI 49224-1454
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-2455804
Property summary
AI-generated overview
This exceptional 14,264 square foot industrial building presents a remarkable opportunity for businesses seeking a strategic location in Albion, Michigan. Situated on a generous 1.05-acre double corner lot, this property boasts prominent frontage on two roads and includes a dedicated parking lot, ensuring ample space for employees and customers. Its prime location offers unparalleled convenience, being just one mile south of I-94 and Albion College, and less than twenty minutes east of Ford's Blue Oval Battery Park in Marshall. The building's strategic placement across the street from Decker Manufacturing and its history as the former home of Albion Motors speaks to its established commercial viability.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
13,055 SF
Lot
1.05 ac (45,738 SF)
Zoning code
AA/AGRICULURE
APN
19-389-003-00
UPID
US43-2455804
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
-
Albion Motors Car Dealership
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
Vann Properties LLC · 8 yrs held
Vann Properties LLC
since 2017
1 recorded transaction
Zoning & alternative use
AA/AGRICULURE · Albion, 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 Albion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albion 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,885
Tax year 2022
Assessed value
$198,700
Assessed 2024
Previous assessed
$193,500
+2.7% YoY
Effective rate
3.47%
On assessed value
Total market value
$397,400
Applied tax rate
13,010.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
13,055 SF
Lot
1.05 ac (45,738 SF)
Zoning code
AA/AGRICULURE
APN
19-389-003-00
UPID
US43-2455804
Jurisdiction
CALHOUN
Zoning & alternative use
AA/AGRICULURE · Albion, MI
Zoning AA/AGRICULURE · permitted uses
AA/AGRICULURE · Albion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albion. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Vann Properties LLC
Entity
Mailing address
PO BOX 565, ALBION, MI 49224-0565
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2017
—
Vann Properties LLC
—
Deed
related
$2,030,000 · Homestead Savings 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.
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