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Property profile & analytics
OFF-MARKET
Manufacturing properties
987 Grand Rpds St Middleville, MI 49333-9498
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-4462316
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2013
Total area
53,280 SF
Lot
2.46 ac (107,158 SF)
APN
08-41-126-001-40
UPID
US43-4462316
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
Am & T Property Ltd · 11 yrs held
Am & T Property Ltd
since 2015
7 recorded transactions
Zoning & alternative use
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
$73,113
Tax year 2023
Assessed value
$1,430,800
Assessed 2024
Previous assessed
$1,430,800
+0.0% YoY
Effective rate
5.11%
On assessed value
Total market value
$2,861,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
53,280 SF
Lot
2.46 ac (107,158 SF)
APN
08-41-126-001-40
UPID
US43-4462316
Jurisdiction
BARRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2013
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
2.46 ac
Current owner
From public records · entity-resolved
Am & T Property Ltd
Entity
Mailing address
987 GRAND RPDS ST, MIDDLEVILLE, MI 49333-9498
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Am & T Property Ltd
—
Deed
related
$974,980 · Fifth Third Bk NA
May 18, 2015
—
Am & T Property Ltd
Machine Accurate
Grant Deed
related
$2,825,000 · Fifth Third Bk
Jun 14, 2013
—
Accurate Machine & Tool LLC
987 Grand Rapids Street LLC
Warranty Deed
related
—
Jul 25, 2008
—
987 Grand Rapids Street LLC
Dykstra,david D & Barbara A
Warranty Deed
$561,461 · Bank Of Holland
—
—
Accurate Machine & Tool USA Lt
—
Deed Of Trust
related
$2,825,000 · Fifth Third Bk
—
—
Am & T Property Ltd
—
Loan Modification
related
$1,224,980 · Fifth Third Bk NA
—
—
Am & T Property Ltd
—
Loan Modification
related
$974,980 · Fifth Third Bk NA
—
—
Accurate Machine & Tool USA Lt
—
Loan Modification
related
$2,775,000 · Fifth Third Bk NA
—
—
Accurate Machine & Tool USA Lt
—
Loan Modification
related
$2,825,000 · Fifth Third Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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