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Property profile & analytics
OFF-MARKET
Estimated value
$65,000
Outlet malls
106 Midland Rd Auburn, MI 48611-9492
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-5243872
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1970
Total area
3,172 SF
Lot
0.08 ac (3,485 SF)
APN
150-023-100-160-00
UPID
US43-5243872
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
-
Brad Martin - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$65k
Owner & transaction history
Martin Ins & Finl Svcs LLC · 6 yrs held
Martin Ins & Finl Svcs LLC
since 2020
Last sale
$57,000
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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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
$65,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$65k
Range $59k – $72k · ±10% · vs last sale $57k (Mar 24 2020)
Last sale anchor
$57k
Mar 24 2020
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
$20 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,093
Tax year 2023
Assessed value
$44,100
Assessed 2024
Previous assessed
$42,700
+3.3% YoY
Effective rate
4.75%
On assessed value
Total market value
$88,200
Applied tax rate
150.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Stories
2
Total area
3,172 SF
Lot
0.08 ac (3,485 SF)
APN
150-023-100-160-00
UPID
US43-5243872
Jurisdiction
BAY
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
1970
Heating
FORCED AIR
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Martin Ins & Finl Svcs LLC
Entity
Mailing address
106 W MIDLAND RD, AUBURN, MI 48611-9492
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2020
$57,000
Martin Ins & Finl Svcs LLC
Tri City Creations INC
Warranty Deed
$56,000 · First St Bk
Jul 12, 2019
—
Tri City Creations INC
—
Deed
related
$25,000 · Inter-vivos M B W Trust (rt)
Nov 16, 2015
—
Tri City Creations INC
F & E Investment Group LLC
Quit Claim Deed
related
$40,000 · Wilson Michael B Trust (pt)
Sep 11, 2015
$13,258
F & E Investment Group LLC
Bay County Treasurer
Quit Claim Deed
related
—
May 1, 2015
—
Treasurer Of Bay County
Denton Brigid
Tax Deed
related
—
Feb 1, 2005
$45,002
Brigid Denton
Sheridan,beatrice D
Grant Deed
—
—
—
Tri City Creations INC
—
Deed Of Trust
related
$25,000 · Inter-vivos M B W Trust (rt)
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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