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Financial
Distress signals
Property profile

107 Homer Rd Concord, MI 49237

FOR SALE
Retail space
Property ID
US43-0600913
780 SF 0.03 ac lot Built 1952
Last sale Feb 2022 · $46,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a turnkey salon in Concord, Michigan, configured for beauty service operations. It is fully furnished and includes styling stations with chairs, wash stations, laundry facilities, and related equipment. The interior layout is designed to support client services in a clean and functional arrangement. The space is set up for immediate salon use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$1k
Tax billed · 2022
Assessed value · 2023$22k
Assessed land$2k
Assessed improvement$20k
Effective rate4.65%

Value estimate

· Oct 2026
$50k
$45k – $55k
NOI build-up
Gross scheduled income$9k
Vacancy & credit loss−$2k
Operating expenses−$2k
NOI · 6.43% cap applied$5k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$68/SF
County average, outlier-cleaned · 104 recorded sales of this use type
Observed band · Q1–Q3$34 – $109

Cap rate analysis

How does the asset earn?
6.43%
$5k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
COM
JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency9.8
Auto Repair Shop9.8
Building Supply9.3

Location

107 Homer Rd Concord, MI 49237
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
114 Main, Concord, MI 49237-9647 $25,000 Apr 2023 548 SF
101 Main, Concord, MI 49237-9647 $50,000 Mar 2022 4,113 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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