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Property profile & analytics
FOR SALE
Commercial real estate
1105 E Beecher St Adrian, MI 49221
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0250777
For Sale
1 / 26
$192,500
1105 E Beecher St, Adrian, MI 49221
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
732 SF
Lot
0.61 ac (26,572 SF)
Zoning code
I-1
APN
XA0-610-0032-01
UPID
US43-0250777
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Carnival Farms Real Estate LLC · 3 yrs held
Carnival Farms Real Estate LLC
since 2023
Last sale
$150,000
5 recorded transactions
Zoning & alternative use
I-1 · Adrian, 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 Adrian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adrian 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,741
Tax year 2023
Assessed value
$62,400
Assessed 2024
Previous assessed
$49,400
+26.3% YoY
Effective rate
4.39%
On assessed value
Total market value
$124,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
732 SF
Lot
0.61 ac (26,572 SF)
Zoning code
I-1
APN
XA0-610-0032-01
UPID
US43-0250777
Jurisdiction
LENAWEE
Zoning & alternative use
I-1 · Adrian, MI
Zoning I-1 · permitted uses
I-1 · Adrian, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Adrian. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Carnival Farms Real Estate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6144 E FIKE RD, BLISSFIELD, MI 49228-9647
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
$150,000
Carnival Farms Real Estate LLC
Dumire Ldm LLC
Warranty Deed
—
Dec 11, 2019
$161,500
Dumire Ldm LLC
Keiths Auto Sales LLC
Warranty Deed
—
Jul 5, 2016
—
Keiths Automotive Sales LLC
—
Deed
related
$100,000 · Hillsdale County National Bank
May 21, 2013
$119,900
Keiths Automotive Sales LLC
Lee,susan L & Luis
Warranty Deed
$96,000 · Osb Community Bank
—
—
Luis Lee
—
Deed Of Trust
related
$91,500 · Osb Community Bank
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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