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Property profile & analytics
OFF-MARKET
Banks
101 Main St Elsie, MI 48831-5168
Individually Owned
6-yr Hold
Free & Clear
Property ID
US43-2343732
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1977
Total area
2,521 SF
Lot
0.39 ac (17,076 SF)
Zoning code
C-1
APN
061-000-004-001-00
UPID
US43-2343732
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
-
Huntington Insurance Insurance Agency
-
Aquarius Massage & Wellness Alternative Medicine Practice Spa & Massage Center
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
Douglas L Sturgis · 6 yrs held
Douglas L Sturgis
since 2019
1 recorded transaction
Zoning & alternative use
C-1 · Elsie, MI
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 Elsie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elsie 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
$4,231
Tax year 2022
Assessed value
$96,900
Assessed 2024
Previous assessed
$92,100
+5.2% YoY
Effective rate
4.37%
On assessed value
Assessed land
$6,300
Assessed improvement
$90,600
Land market value
$12,600
Improvement market value
$181,200
Total market value
$193,800
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1977
Heating
ZONE
Stories
1
Total area
2,521 SF
Lot
0.39 ac (17,076 SF)
Zoning code
C-1
APN
061-000-004-001-00
UPID
US43-2343732
Jurisdiction
CLINTON
Zoning & alternative use
C-1 · Elsie, MI
Zoning C-1 · permitted uses
C-1 · Elsie, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elsie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
ZONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Douglas L Sturgis
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 367, ELSIE, MI 48831-0367
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
$80,000
Douglas L Sturgis
The Huntington National Bank
Deed
—
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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