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Property profile & analytics
FOR LEASE
Office buildings
115 N Shiawassee St, Corunna, MI 48817
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-2263653
For Lease
1 / 15
Contact for pricing
115 N Shiawassee St, Corunna, MI 48817
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
2,927 SF
Lot
0.19 ac (8,364 SF)
Zoning code
RA
APN
026-10-024-005
UPID
US43-2263653
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. Archibald W. Dettman, DO Physician
-
Shiawassee Family Medicine Medical Clinic
-
Grass Pro Shop Cannabis Company (Bike/Boat/Book/etc) Store
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
Corunna Properties LLC · 3 yrs held
Corunna Properties LLC
since 2023
Last sale
$305,000
7 recorded transactions
Zoning & alternative use
RA · Corunna, 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 Corunna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corunna 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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,801
Tax year 2024
Assessed value
$147,600
Assessed 2024
Previous assessed
$100,300
+47.2% YoY
Effective rate
3.93%
On assessed value
Total market value
$295,200
Applied tax rate
26.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1900
Heating
NONE
Stories
2
Total area
2,927 SF
Lot
0.19 ac (8,364 SF)
Zoning code
RA
APN
026-10-024-005
UPID
US43-2263653
Jurisdiction
SHIAWASSEE
Zoning & alternative use
RA · Corunna, MI
Zoning RA · permitted uses
RA · Corunna, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corunna. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Corunna Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
116 W MAIN ST #203, OWOSSO, MI 48867-2912
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
May 12, 2023
$305,000
Corunna Properties LLC
Painenson Properties
Warranty Deed
—
Jun 30, 2022
$70,000
Painenson Properties LLC
Woodworth Investments LLC
Warranty Deed
—
Jun 30, 2022
$60,000
Woodworth Investments LLC
Jonathan Albert
Warranty Deed
$80,000 · James Woodworth Ira
Mar 9, 2020
—
Jonathan Albert
Minnle M Albert
Quit Claim Deed
related
—
Feb 28, 2011
—
Jonathan D Albert
Albert,priscilla A
Quit Claim Deed
related
—
Oct 15, 2008
—
Jonathan Albert
Albert,jonathan & Priscilla
Quit Claim Deed
related
—
May 1, 2008
$99,000
Jonathan Albert
Baker,terry L & Onalie A
Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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