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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Auto shops
11375 Us Hwy 27 Dewitt, MI 48820-8453
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2429698
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,254 SF
Lot
1.8 ac (78,408 SF)
Zoning code
BC/IL
APN
050-003-200-070-00
UPID
US43-2429698
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
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
Michigan Certified Development Corp · 3 yrs held
Michigan Certified Development Corp
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
BC/IL · 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
Method
Estimation
Statistic approach
$2,215,000
ML approach
$2,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10% · vs last sale $2.32M (Jun 20 2022)
Last sale anchor
$2.32M
Jun 20 2022
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
$363 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,520
Tax year 2022
Assessed value
$192,000
Assessed 2024
Previous assessed
$200,400
-4.2% YoY
Effective rate
4.44%
On assessed value
Assessed land
$58,100
Assessed improvement
$133,900
Land market value
$116,200
Improvement market value
$267,800
Total market value
$384,000
Applied tax rate
50.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
6,254 SF
Lot
1.8 ac (78,408 SF)
Zoning code
BC/IL
APN
050-003-200-070-00
UPID
US43-2429698
Jurisdiction
CLINTON
Zoning & alternative use
BC/IL · Dewitt, MI
Zoning BC/IL · permitted uses
BC/IL · 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
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Michigan Certified Development Corp
Entity
Free & Clear · 3 yrs held
Mailing address
805 KERNS RD, MASON, MI 48854-1001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Aug 5, 2022
—
Michigan Certified Development Corp
Jakab LLC
Assignment Of Lease (leasehold Sale)
—
Jun 20, 2022
$2,320,000
J & J Ab LLC
T & J Realestate Management LLC
Warranty Deed
$2,088,000 · Capitol National Bank
Aug 21, 2019
—
T & J Realstate Management LLC
—
Deed
related
$343,000 · Shawn Canfield Etal
Apr 25, 2018
—
T & J Realestate Managementllc
T & J Realestate Management LLC
Quit Claim Deed
related
—
Sep 4, 2008
—
T & J Real Estate Management LLC
James A Prior
Quit Claim Deed
related
$995,000 · Fifth Third Bank
Sep 4, 2008
$608,000
James A Prior
Henry E Dreps
Warranty Deed
—
Mar 31, 2008
—
Daniel M Dreps
Henry E Dreps
Quit Claim 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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