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Property profile & analytics
OFF-MARKET
Auto shops
111 Ctr St Petersburg, MI 49270-2500
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-1340747
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1900
Total area
2,850 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R1
APN
57-025-028-00
UPID
US43-1340747
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
Scott R Thompson · 2 yrs held
Scott R Thompson
since 2023
7 recorded transactions
Zoning & alternative use
R1 · Petersburg, 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 Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petersburg 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
$2,510
Tax year 2023
Assessed value
$82,900
Assessed 2023
Previous assessed
$82,900
+0.0% YoY
Effective rate
3.03%
On assessed value
Total market value
$165,800
Applied tax rate
57.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1900
Heating
HOT WATER
Cooling
NONE
Buildings
2
Stories
2
Bathrooms
1
Total area
2,850 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R1
APN
57-025-028-00
UPID
US43-1340747
Jurisdiction
MONROE
Zoning & alternative use
R1 · Petersburg, MI
Zoning R1 · permitted uses
R1 · Petersburg, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Petersburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Scott R Thompson
Individual
Free & Clear · 2 yrs held
Mailing address
109 E CAREY STSR, DEERFIELD, MI 49238-9701
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
—
Scott R Thompson
Roger Lewis
Land Contract
—
Nov 19, 2018
$123,500
Regina Seegert
Michael Stephen Sheldon
Warranty Deed
—
Nov 19, 2018
$98,000
Doris K Sheldon
Lanz,thelma
Warranty Deed
—
Mar 23, 2017
—
Michael S Sheldon
Sheldon,doris K & Kenneth J
Quit Claim Deed
related
—
Oct 30, 2015
—
Kenneth Sheldon
Sheldon,doris K
Quit Claim Deed
related
—
May 13, 2013
—
Thelma Lanz
Lanz,thelma
Quit Claim Deed
related
—
Jan 8, 2013
—
Doris K Sheldon
Lanz,thelma
Grant 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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