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Property profile & analytics
OFF-MARKET
Warehouses
7800 Affordable Dr Middleville, MI 49333
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-4452395
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Total area
32,200 SF
Lot
3.06 ac (133,294 SF)
Zoning code
A
APN
08-14-004-008-10
UPID
US43-4452395
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
Forrest Holding LLC · 6 yrs held
Forrest Holding LLC
since 2019
7 recorded transactions
Zoning & alternative use
A · Middleville, 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 Middleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleville 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
$13,312
Tax year 2023
Assessed value
$274,600
Assessed 2024
Previous assessed
$274,600
+0.0% YoY
Effective rate
4.85%
On assessed value
Total market value
$549,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
32,200 SF
Lot
3.06 ac (133,294 SF)
Zoning code
A
APN
08-14-004-008-10
UPID
US43-4452395
Jurisdiction
BARRY
Zoning & alternative use
A · Middleville, MI
Zoning A · permitted uses
A · Middleville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
3.06 ac
Current owner
From public records · entity-resolved
Forrest Holding LLC
Entity
Mailing address
PO BOX 91, FOWLERVILLE, MI 48836-0091
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
Forrest Holdig LLC
—
Deed
related
$1,187,002 · The State Bank
Nov 12, 2019
—
Forrest Holding LLC
—
Deed
related
$694,000 · First Bk Fin'l Ctr
Nov 5, 2019
—
Forrest Holding LLC
—
Deed
related
$502,000 · Community Dev Commission
Sep 30, 2019
—
Forrest Holding LLC
Benting Investment Group LLC
Warranty Deed
related
$694,000 · First Bk Fin'l Ctr
Sep 30, 2016
—
Benting Investment Group LLC
Middleville Self Storage LLC
Warranty Deed
related
$390,000 · Chemical Bk
May 6, 2016
—
Middleville Self Storage LLC
D3 LLC
Warranty Deed
related
$390,000 · Chemical Bk
—
—
Forrest Holding LLC
—
Deed Of Trust
related
$502,000 · Community Dev Commission
—
—
Forrest Holding LLC
—
Deed Of Trust
related
$694,000 · First Bk Fin'l Ctr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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