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Property profile & analytics
OFF-MARKET
Industrial land
7591 Meridian Rd Jackson, MI 49201
Individually Owned
3-yr Hold
Free & Clear
Property ID
US43-1134587
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Total area
2,560 SF
Lot
5 ac (217,800 SF)
Zoning code
LI
APN
000-19-06-151-001-01
UPID
US43-1134587
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
Philip L Smith · 3 yrs held
Philip L Smith
since 2023
Last sale
$115,000
7 recorded transactions
Zoning & alternative use
LI · Jackson, 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 Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson 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
$2,688
Tax year 2022
Assessed value
$146,000
Assessed 2023
Previous assessed
$50,000
+192.0% YoY
Effective rate
1.84%
On assessed value
Total market value
$292,000
Applied tax rate
9.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
FORCED AIR
Total area
2,560 SF
Lot
5 ac (217,800 SF)
Zoning code
LI
APN
000-19-06-151-001-01
UPID
US43-1134587
Jurisdiction
JACKSON
Zoning & alternative use
LI · Jackson, MI
Zoning LI · permitted uses
LI · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jackson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Lot
5 ac
Current owner
From public records · entity-resolved
Philip L Smith
Individual
Free & Clear · 3 yrs held
Mailing address
4735 BROOKLYN RD, JACKSON, MI 49201-7814
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2023
—
Philip L Smith
Conti Real Estate LLC
Quit Claim Deed
related
—
Mar 17, 2021
$115,000
Conti Real Estate LLC
Larry J Derousse
Warranty Deed
—
Mar 17, 2021
—
Laryr J Derousse
791 S Meridian LLC
Quit Claim Deed
related
—
Jun 22, 2016
$192,500
7591 South Meridian LLC
Partee,cynthia M
Warranty Deed
—
Dec 28, 2011
$95,000
Cynthia M Partee
Ccg Properties LLC
Warranty Deed
$75,000 · Hillsdale County National Bank
Jan 4, 2011
$200,000
Christopher C Gillespie
Colton,chris K
Warranty Deed
—
Jan 4, 2011
—
Ccg Properties LLC
Gillespie,christopher C & Ellen
Quit Claim Deed
related
$153,200 · Hillsdale County National 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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