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Property profile & analytics
OFF-MARKET
Drug stores
113 Brg St, Dewitt, MI 48820-8909
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-2500770
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Total area
2,016 SF
Lot
0.09 ac (3,703 SF)
Zoning code
CB
APN
200-100-000-234-00
UPID
US43-2500770
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
-
BridgeStreet Real Estate Real Estate Agency
-
DeWitt Area Chamber of Commerce Business Service Center Advocacy Group
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
113 Bridge LLC · 1 yrs held
113 Bridge LLC
since 2025
Last sale
$185,000
5 recorded transactions
Zoning & alternative use
CB · Dewitt, 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 Dewitt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dewitt 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
$3,636
Tax year 2022
Assessed value
$95,000
Assessed 2024
Previous assessed
$94,000
+1.1% YoY
Effective rate
3.83%
On assessed value
Assessed land
$8,300
Assessed improvement
$86,700
Land market value
$16,600
Improvement market value
$173,400
Total market value
$190,000
Applied tax rate
200.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Heating
YES
Stories
1
Total area
2,016 SF
Lot
0.09 ac (3,703 SF)
Zoning code
CB
APN
200-100-000-234-00
UPID
US43-2500770
Jurisdiction
CLINTON
Zoning & alternative use
CB · Dewitt, MI
Zoning CB · permitted uses
CB · Dewitt, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dewitt. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
YES
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
113 Bridge LLC
Entity
Mailing address
16837 TURNER RD, LANSING, MI 48906-2304
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
$185,000
113 Bridge LLC
Loretta Spinrad
Warranty Deed
$224,000 · Eaton Community Bank
Nov 20, 2017
$125,000
Loretta Spainrad
Source One Training LLC
Warranty Deed
$100,000 · Lake Trust Cu
Nov 20, 2017
$90,000
Source One Training LLC
Bridson Properties LLC
Warranty Deed
—
Oct 27, 2014
—
Source One Training LLC
Bridson Properties LLC
Land Contract
—
May 12, 2008
—
Bridson Properties LLC
George L Bridson JR
Quit Claim Deed
—
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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