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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Warehouses
Wamplers Lk Rd Brooklyn, MI 49230
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-3074426
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
10,544 SF
Lot
1.45 ac (63,162 SF)
Zoning code
RES
APN
000-20-28-251-001-09
UPID
US43-3074426
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Daniel L Belify · 3 yrs held
Daniel L Belify
since 2022
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
RES · Brooklyn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$890,000
+92.0%
Medical building
$865,000
+86.9%
Office building
$785,000
+69.2%
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 Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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
$720,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$465,000
Current use
RESTAURANT
$890,000
Change: +92% · Conversion: Difficult
MEDICAL BUILDING
$865,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$705,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$595,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $750k (Nov 21 2022)
Last sale anchor
$750k
Nov 21 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
$71 / 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
$7,569
Tax year 2022
Assessed value
$149,400
Assessed 2024
Previous assessed
$149,400
+0.0% YoY
Effective rate
5.07%
On assessed value
Assessed land
$21,100
Assessed improvement
$128,300
Land market value
$42,200
Improvement market value
$256,600
Total market value
$298,800
Applied tax rate
10.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Stories
1
Total area
10,544 SF
Lot
1.45 ac (63,162 SF)
Zoning code
RES
APN
000-20-28-251-001-09
UPID
US43-3074426
Jurisdiction
JACKSON
Zoning & alternative use
RES · Brooklyn, MI
Zoning RES · permitted uses
RES · Brooklyn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$465,000
RESTAURANT
Est. value
$890,000
MEDICAL BUILDING
Est. value
$865,000
OFFICE BUILDING
Est. value
$785,000
RETAIL STORES
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$595,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
Year built
2007
Heating
FORCED AIR
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Daniel L Belify
Individual
Mailing address
421 NOTTINGHAM DR, BROOKLYN, MI 49230-8470
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
$750,000
Daniel L Belify
Schoolhouse LLC
Warranty Deed
$740,000 · County National Bank
Nov 21, 2022
—
U Stock It & Lockit LLC
Daniel L Bellfy
Quit Claim Deed
related
—
Mar 11, 2019
—
Schoolhouse LLC
Bonomo,christopher P
Quit Claim Deed
related
—
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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