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Property profile & analytics
OFF-MARKET
Commercial real estate
1118 Weiss St, Frankenmuth, MI 48734-1926
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-4853762
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
3,738 SF
Lot
0.42 ac (18,426 SF)
Zoning code
B3 HWY
APN
03-11-6-34-0875-000
UPID
US43-4853762
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
-
Dr.Erin Palmer Physician
-
Family Foot & Ankle Care Medical Clinic
-
Sarah Pope Physician
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
Hometown Foot And Ankle PLLC · 1 yrs held
Hometown Foot And Ankle PLLC
since 2025
Last sale
$490,000
7 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
$7,830
Tax year 2022
Assessed value
$140,100
Assessed 2023
Previous assessed
$140,100
+0.0% YoY
Effective rate
5.59%
On assessed value
Total market value
$280,200
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
WOOD FURNACE
Stories
1
Total area
3,738 SF
Lot
0.42 ac (18,426 SF)
Zoning code
B3 HWY
APN
03-11-6-34-0875-000
UPID
US43-4853762
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
WOOD FURNACE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Hometown Foot And Ankle PLLC
Individual
Mailing address
5750 MAPLE RD, FRANKENMUTH, MI 48734-9716
Ownership since
2025
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
Feb 13, 2025
$490,000
Hometown Foot And Ankle PLLC
Oad Properties LLC
Warranty Deed
$392,000 · Health Advantage Federal Credit Uni
Dec 12, 2023
—
Oad Properties
Travis Palmer
Quit Claim Deed
related
$180,000 · Health Advantage Federal Credit Uni
Mar 6, 2019
—
Oad Properties LLC
Trvis Palmer
Quit Claim Deed
related
$228,000 · Saginaw Medical Federal Credit Union
Dec 18, 2017
—
Travis Palmer
—
Deed
related
$25,000 · Chemical Bank
Jul 16, 2012
$119,900
Travis Palmer
Rausch Scott R Trust
Warranty Deed
$185,000 · Chemical Bank
Feb 12, 2008
$108,000
Rausch,scott R Inter-vivos Trust
Weiss,ronald J & Lori A
Warranty Deed
—
—
—
Ronald J Weiss
—
Deed Of Trust
related
$24,478 · Raymond E Wiess
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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