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Property profile & analytics
OFF-MARKET
Office buildings
954 Monroe St Jackson, MI 49202-2065
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-1181779
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
5,304 SF
Lot
0.69 ac (30,013 SF)
Zoning code
C-4
APN
2-2468.10B0
UPID
US43-1181779
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
-
Artistic Designs Salon Hair Salon
-
Kevin Winter - State Farm Insurance Agent Insurance Agency
-
Medical Weight Loss Clinic - Jackson Weight Loss Service
-
Polish Me Pretty by EricaS Nail Salon
-
Plasters Ross Insurance 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
by Request
Owner & transaction history
Era Dev LLC
Era Dev LLC
2 recorded transactions
Zoning & alternative use
C-4 · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 28-45. - C-4 general commercial district. The general commercial district is composed of certain land and structures used to provide all types of retail goods and services for the residents of the city and surrounding communities. The district also provides wholesale supply services, warehousing facilities, intracity truck transfer services and limited…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
316.66 ac
Source
code of ordinances
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
$14,428
Tax year 2022
Assessed value
$174,500
Assessed 2023
Previous assessed
$273,700
-36.2% YoY
Effective rate
8.27%
On assessed value
Total market value
$349,000
Applied tax rate
50.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
5,304 SF
Lot
0.69 ac (30,013 SF)
Zoning code
C-4
APN
2-2468.10B0
UPID
US43-1181779
Jurisdiction
JACKSON
Zoning & alternative use
C-4 · Jackson, MIZoning C-4 · permitted uses
C-4 · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 28-45. - C-4 general commercial district. The general commercial district is composed of certain land and structures used to provide all types of retail goods and services for the residents of the city and surrounding communities. The district also provides wholesale supply services, warehousing facilities, intracity truck transfer services and limited types of fabrication in support of the central business district and industrial districts. The regulations are intended to encourage development of the district in a manner compatible with its best uses and to protect any abutting residential districts. (Code 1977, § 5.40)
Zone name
General Commercial
General category
COMMERCIAL
Zone area
316.66 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Era Dev LLC
Entity
Mailing address
4833 LANSING AVE, JACKSON, MI 49201-8237
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Era Dev LLC
—
Deed Of Trust
related
$400,000 · Fifth Third Bank
—
—
Era Dev LLC
—
Loan Modification
related
$210,000 · Fifth Third 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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