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Property profile & analytics
OFF-MARKET
Commercial real estate
1015 Weiss St, Frankenmuth, MI 48734-1923
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-1407663
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.21 ac (96,224 SF)
Zoning code
B3 HWY
APN
03-11-6-35-2105-000
UPID
US43-1407663
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
-
Schaefer & Bierlein Service Center and Parts Store Auto Repair Shop
-
Schaefer & Bierlein Chrysler Dodge Jeep Ram Fiat Car Dealership
-
FIAT at Schaefer & Bierlein Car Dealership
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
Garage Properties LLC · 6 yrs held
Garage Properties LLC
since 2019
4 recorded transactions
Zoning & alternative use
B3 HWY · Frankenmuth, 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 Frankenmuth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frankenmuth 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
$4,858
Tax year 2022
Assessed value
$98,100
Assessed 2023
Previous assessed
$98,100
+0.0% YoY
Effective rate
4.95%
On assessed value
Total market value
$196,200
Applied tax rate
3.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
2.21 ac (96,224 SF)
Zoning code
B3 HWY
APN
03-11-6-35-2105-000
UPID
US43-1407663
Jurisdiction
SAGINAW
Zoning & alternative use
B3 HWY · Frankenmuth, MI
Zoning B3 HWY · permitted uses
B3 HWY · Frankenmuth, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frankenmuth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.21 ac
Current owner
From public records · entity-resolved
Garage Properties LLC
Entity
Mailing address
PO BOX 177, FRANKENMUTH, MI 48734-0177
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2019
$1,080,000
Garage Properties LLC
Bierlein Harvey D L/tr
Warranty Deed
$500,000 · Frankenmuth Cu
May 22, 2007
—
Randall D Bierlein
Bierlein,sue A
Quit Claim Deed
related
—
Feb 21, 2007
—
Garage Properties LLC
Bierlein Harvey D Trust
Grant Deed
related
—
Jul 18, 2006
—
Bierlein,harvey D Living Trust
Bierlein,harvey D & Dorothy 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.
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