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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Specialty properties
820 5th St, Michigan Center, MI 49254-1208
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0509183
Property profile
Verified
Property type
Specialty properties
Use group
CREMATORIUM, MORTUARY
Total area
7,164 SF
Lot
0.89 ac (38,986 SF)
Zoning code
R-4 HI
APN
000-14-08-285-001-01
UPID
US43-0509183
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
-
Eineder Funeral Homes- Michigan Center Chapel (Arthur - Day) Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Totus Tuus Realty LLC · 3 yrs held
Totus Tuus Realty LLC
since 2022
Last sale
$515,000
5 recorded transactions
Zoning & alternative use
R-4 HI · Michigan Center, 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 Michigan Center submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Michigan Center 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
$515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$590,000
Change: 0% · Conversion: Difficult
RESTAURANT
$585,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$535,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$515,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$500,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$330,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $515k (Nov 16 2022)
Last sale anchor
$515k
Nov 16 2022
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
$72 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,465
Tax year 2022
Assessed value
$334,697
Assessed 2023
Previous assessed
$343,300
-2.5% YoY
Effective rate
2.23%
On assessed value
Total market value
$669,394
Applied tax rate
7.0000
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
Specialty properties
Use group
CREMATORIUM, MORTUARY
Status
Off-Market
Heating
FORCED AIR
Buildings
3
Stories
2
Total area
7,164 SF
Lot
0.89 ac (38,986 SF)
Zoning code
R-4 HI
APN
000-14-08-285-001-01
UPID
US43-0509183
Jurisdiction
JACKSON
Zoning & alternative use
R-4 HI · Michigan Center, MI
Zoning R-4 HI · permitted uses
R-4 HI · Michigan Center, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Michigan Center. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$590,000
RESTAURANT
Est. value
$585,000
OFFICE BUILDING
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$515,000
RETAIL STORES
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$330,000
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
Heating
FORCED AIR
Stories
2
Buildings
3
Lot
0.89 ac
Current owner
From public records · entity-resolved
Totus Tuus Realty LLC
Entity
Mailing address
137 S MAIN ST, BROOKLYN, MI 49230-9121
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2022
$515,000
Totus Tuus Realty LLC
Robert C Arthur
Warranty Deed
$1,415,900 · The Bancorp Bank
Aug 23, 2018
—
Robert C Arthur
—
Deed
related
$215,000 · National Documentation Svcs
Mar 17, 2017
—
Robert C Arthur
—
Deed
related
$625,000 · Comerica Bank
Feb 1, 2016
$155,000
Robert C Arthur
Nichols,richard W
Quit Claim Deed
related
—
—
—
Robert C Arthur
—
Loan Modification
related
$215,000 · National Documentation Svcs
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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