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    Property profile & analytics

    888 Olson Rd Midland, MI 48640-9054

    • Assisted living facilities
    • 5,477 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimation
    $665,000
    Last Sale
    Apr 10, 2023
    $618,000
    Location Intelligence
    Property ID
    US43-2317634
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hillcrest / Assisted Living Facility
    • OLSON MANOR / Adult Foster Care Service

    Property Details for 888 Olson Rd

    Year built
    1982
    Lot size
    1.49 lot acres
    Property size
    5,477 SF
    Zone code
    RES-FA
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    100-002-300-131-00
    APU
    10000230013100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $655,000
      6.5%
      $670,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $735,000
      Geo Method
      $715,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $560,000
      Retail
      $530,000
      Mixed-Use
      $620,000
      Hospitality
      $730,000
      Educational
      $735,000
      Residential Income
      $605,000
      Energy
      $595,000
      Income-Based Land
      $565,000
      Food Service
      $650,000

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.4045
    Latitude
    43.6259
    CBSA code
    33220
    CBSA name
    MIDLAND, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,282
    $0.00
    $0.00
    $282,200
    -
    $0.00
    $0.00
    $564,400

    Comparable in this City

    • Value Estimation
      $3,740,000
      40,297 SF

      4900 Hedgewood Dr

      HOMES (RETIRED, NURSING) • 40,297 SF
      4900 Hedgewood Dr, Midland, MI 48640-1928
      View Details
    • Value Estimation by Request
      39,039 SF

      5007 Universal Dr

      HOMES (RETIRED, NURSING) • 39,039 SF
      5007 Universal Dr, Midland, MI 48640-2047
      View Details
    • Value Estimation by Request
      128,960 SF

      400 Main St

      HOMES (RETIRED, NURSING) • 128,960 SF
      400 Main St, Midland, MI 48640-6502
      View Details
    • Value Estimation by Request
      14,960 SF

      402 Main St

      HOMES (RETIRED, NURSING) • 14,960 SF
      402 Main St, Midland, MI 48640-5198
      View Details
    • Value Estimation by Request
      95,464 SF

      436 Main St

      HOMES (RETIRED, NURSING) • 95,464 SF
      436 Main St, Midland, MI 48640-5198
      View Details
    • Value Estimation by Request
      6,750 SF

      4421 Main St

      HOMES (RETIRED, NURSING) • 6,750 SF
      4421 Main St, Midland, MI 48640-2304
      View Details

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    Similar Nearby for Lease

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    888 Olson Rd
    Midland, MI 48640-9054
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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