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Property profile & analytics
FOR SALE
Retail space
719 Douglas Blvd, Ironwood, MI 49938-1209
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-3220065
For Sale
1 / 63
$125,000
719 Douglas Blvd, Ironwood, MI 49938-1209
View Listing →
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1930
Total area
4,251 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C-1
APN
52-22-129-160
UPID
US43-3220065
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
Brian Hughes · 7 yrs held
Brian Hughes
since 2019
2 recorded transactions
Zoning & alternative use
C-1 · Ironwood, 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 Ironwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ironwood 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
$2,917
Tax year 2023
Assessed value
$52,497
Assessed 2023
Previous assessed
$38,548
+36.2% YoY
Effective rate
5.56%
On assessed value
Assessed land
$11,931
Assessed improvement
$40,566
Land market value
$23,862
Improvement market value
$81,132
Total market value
$104,994
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
For Sale
Year built
1930
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
4,251 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C-1
APN
52-22-129-160
UPID
US43-3220065
Jurisdiction
GOGEBIC
Zoning & alternative use
C-1 · Ironwood, MI
Zoning C-1 · permitted uses
C-1 · Ironwood, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ironwood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Brian Hughes
Individual
Mailing address
5071ST WELCH CRK LN, IRONWOOD, MI 49938-9530
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2019
—
Brian Hughes
Mousie Incorporated
Warranty Deed
$171,200 · Gogebic Range Bank
May 8, 2008
—
Mousie INC
Romans Enterprises INC
Warranty Deed
$150,000 · Gogebic Range 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.
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?”
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