Individually Owned 
For Sale
1 / 19
$499,900
866 W Washington St, Marquette, MI 49855
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1890
Total area
2,772 SF
Lot
0.24 ac (10,629 SF)
Zoning code
GC
APN
52-52-002-604-00
UPID
US43-2290481
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$65k
Owner & transaction history
since 2013
1 recorded transaction
Zoning & alternative use
GC · Marquette, MI
Zoning description
The GC district is intended to provide suitable areas for businesses that cater to both the local and regional market, Uses include offices,retailand wholesale businesses,services,light manufacturing, comparison shopping…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$65k
Value range
$59k – $72k
±10% around blend
Estimated value / SF
$23 / SF
Confidence
Low
3 county-verified comps
Property data
100
Comparable evidence
30
Income certainty
100
$59k
blend $65k
$72k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,772 SF
Lot area
0.24 ac
Year built
1890
Stories
3
APN
52-52-002-604-00
Zoning
GC
Assessed value
$45,500
Annual tax
$1,829
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$1,829
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$533k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.7 mi away · 3,456 SF
0.8 mi away · 3,220 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$65k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.81%
Selected cap rate for this commercial real estate
Derived from the Marquette market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.81%
9.0%
NOI (est.)
$34k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$500k
Move the market yield to see immediate price impact.
Value / SF
$180
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.31%6.81%7.31%
$31k
$485k
$450k
$419k
$34k
$539k
$500k
$465k
$37k
$593k
$550k
$512k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$500k
0.4 mi · Apr 2026 · $216/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,829
Tax year 2023
Assessed value
$45,500
Assessed 2023
Previous assessed
$31,920
+42.5% YoY
Effective rate
4.02%
On assessed value
Total market value
$91,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1890
Heating
FORCED AIR
Stories
3
Bathrooms
2
Total area
2,772 SF
Lot
0.24 ac (10,629 SF)
Zoning code
GC
APN
52-52-002-604-00
UPID
US43-2290481
Jurisdiction
MARQUETTE
Zoning & alternative use
GC · Marquette, MIZoning GC · permitted uses
GC · Marquette, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The GC district is intended to provide suitable areas for businesses that cater to both the local and regional market, Uses include offices,retailand wholesale businesses,services,light manufacturing, comparison shopping…
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1890
Heating
FORCED AIR
Stories
3
Bathrooms
2
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
GC
INDUSTRIAL
Jurisdiction
Marquette, MI
Recorded code
GC
Official district
GC
Official district profile
What the municipal code says about GC
Zoning description
The GC district is intended to provide suitable areas for businesses that cater to both the local and regional market, Uses include offices,retailand wholesale businesses,services,light manufacturing, comparison shopping…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in Marquette, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
